Tod S Sales Expanded Earlier In The Same Store

Italy's luxury group Tod's SpA (TOD.MI) began to deteriorate in 2015 as a result of the weak Chinese market and the severe cold weather in North America. The same store sales fell by 10.6% on a fixed exchange rate, a sharp increase from 7.1% in the 2014 fiscal year, but 3.6% in real terms.

Tod's SpA chief financial officer Emilio Macellari said after the 2014 annual report of the analyst conference that the current situation in China is still very grim, and that Hongkong did not recover at the end of last year's occupy campaign, but the strong dollar offset the same store sales decline in the cold weather in the United States in January and February.

He also expects that the same store will not grow until the end of the year.

Tod's SpA (TOD.MI) reported 97.35 euros before the annual report released on Thursday, a slight increase of 0.41% throughout the day. The stock has risen more than 35% so far in 2015.

Annual report shows Tod's SpA all year round

EBITDA decreased by 18% per annualized year, from 236 million 300 thousand euros in fiscal year 2013 to 1.935, which basically met market expectations of 193 million 700 thousand euros, and EBITDA profit margin was 20%, a drop of 420 basis points over the previous year 24.4%, mainly due to the continuous increase in distribution network, communications, human resources and productivity inputs and the 4.8% increase in operating costs in the case of stagnation of revenue growth.

Net profit recorded a 27.4% decline, from 133 million 800 thousand euros to 97 million 114 thousand euros, diluted earnings per share correspondingly fell from 4.37 euros to 3.17 euros.

The annual dividend payable by the group has been greatly reduced to 2.7 euros per share in the previous year, to 2 euros per share, with a reduction of more than the market expectation and a dividend payout ratio of 63%.

Annual

It was announced at the end of January: Tod's SpA Group recorded a total revenue of 965 million 600 thousand euros, down 0.2% from 967 million 500 thousand euros in the previous year, compared with a slight increase of 0.4% on the basis of the previous year.

Roger Vivier is still the best performing brand of the group, with revenue growth of 11.6%, from 113 million 700 thousand euros to 126 million 900 thousand euros, an increase of 12.4% over the basis, and Tod's's brand income fell 1.7%, down 1.1% from the base, and fell from 578 million 100 thousand euro to 568 million euros.

SpA chief executive Diego Della Valle said in its annual report that it has confidence in the group's revenue and earnings growth this year.

The chief financial officer, Emilio Macellari, estimates that even if the exchange rate is negative, it will cut half the growth, but the annual revenue growth should be 5.5% of market expectations.