MILAN — Tod’s SpA net profits decreased 17.7 percent to 71 million euros in the 12 months ended Dec. 31, compared with 86.3 million euros in the previous year.
Confirming preliminary figures first reported in January, revenues decreased 4.1 percent to 963.3 million euros in the 12 months ended Dec. 31, compared with one billion euros the previous year, but Tod’s said it registered an uptick in the last quarter of 2017. At constant exchange rates, sales were down 3.1 percent.
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Photographed by Kuba Dabrowski/WWD
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