MILAN — Revenues at Tod’s SpA grew nearly 14 percent last year on buoyant demand for high-quality footwear and handbags.
Preliminary sales for the 12-month period ended Dec. 31, 2006, grew 13.9 percent to 573 million euros, or $721.98 million, showing increased momentum in the last quarter. Tod’s said that currency fluctuations did not affect sales figures.
Tod’s will report full-year profits March 29. (Dollar figures have been converted from the euro at average exchange rates for the period to which they refer.)
“We confirm our expectations of a more than proportional growth in profitability,” Tod’s chairman and chief executive officer Diego Della Valle said in a release. “We also believe that in the forthcoming years the results of the recently made investments will be even more evident, and will bring to a continuous and steady growth of revenues and profitability.”
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