MILAN — Boosted by the performance of its footwear division and a good Christmas season, Tod’s SpA reported a 7.7 percent increase in 2008 sales to 707.5 million euros, or $1.04 billion at average exchange. This result was achieved despite sluggish leather goods sales and a slowdown in the U.S. market.
“The latest period of the year contributed in achieving the positive sales results released today,” said Diego Della Valle, chairman and chief executive officer of the group. “Thanks to the efficiency of our group’s structure, I believe that these results will be reflected in sound net income growth.”
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