Italy Luxury Shoe Manufacturer TOD 'S Profits Fall

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< p > Italy luxury footwear manufacturer Tod 's SpA (TOD.MI) Milan local time March 11th released 2013 fiscal year earnings report, Tod s annual net profit plunged 8% to 133 million 800 thousand euros, a year earlier, 145 million 500 thousand euros.

The company insists on donating 1% of its net profit to Marche, where the group is located, as a charity fund, especially for helping children to educate, young people to start businesses and having difficulties for the elderly to provide for the aged.

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< p > December 31, 2013, Tod 's recorded EBITDA 236 million 300 thousand euros, down 5.5% from 250 million 200 thousand euros in the same period last year; EBIT fell 7.5% to 193 million 200 thousand euros compared with the same period last year, 208 million 800 thousand euros a year earlier; EBIT fell 21.7% from 170 over the same period last year to 20%; pre tax profits fell to 8% euros to 191 million 200 thousand euros, compared with the euro in the same period last year.

The overall tax rate for Tods in fiscal year 2013 is 29.9%.

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< p > previously, Tod 's has released year-round sales data. In 2013, Tod' s SpA (TOD.MI) performed poorly in the local Italy market, and the other three brands except Roger Vivier performed badly.

The main brand Tods annual sales increased by only 1.5% to 578 million 100 thousand euros, Hogan brand sales plunged 10.8% to Tod 's yuan, Fay brand also fell 22.6% to 57 million 600 thousand euros, Roger Vivier sales increased 52.5% to 113 million 700 thousand euros.

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< p > by category, shoes are still Tod 's SpA (TOD.MI) main revenue business, earning 739 million 700 thousand euros in 2013, up 4.1% compared with the same period last year, leather goods and accessories sales fell 2.8% to 160 million 900 thousand euros, a href= "http://www.91se91.com/" target= "_blank" > clothing < /a > business slump 23.6% to 65 million 800 thousand euros.

By region, the Italy market continued to slump. In 2013, the gross domestic revenue of Tods SpA (TOD.MI) plunged 15.9% to 323 million euros, and the European market income increased 3.8% to 207 million 800 thousand euros besides Italy. The sales in the Americas market increased by 10.5% to 90 million 300 thousand euros in double figures, and the Greater China region led growth, with revenue rising 21.3% to 237 million 500 thousand euros.

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By the end of 22013, the Tod 's SpA (TOD.MI) increased by 32 stores, with the number of Direct stores increasing from 193 in the same period last year to 219, and franchise stores increased from 78 at the end of 2012 to 84 in the end of P.

In 2013, sales of direct outlets increased by 7.6% to 617 million 700 thousand euros, while wholesale channel sales fell 10.1% to 349 million 800 thousand euros, while same store sales increased by 2.3% at fixed exchange rates, unchanged from the same period last year.

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< p > Tod 's SpA (TOD.MI) intends to issue 2.70 euro per share dividend, which is flat compared with the same period last year, accounting for < a href= > http://www.91se91.com/news/index_cj.asp > net profit < /a > 61.8%.

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< p > Tod 's SpA (TOD.MI) on Tuesday, shares fell slightly by 0.05% to 99.15 euros. In fiscal 2013, Tod' s SpA (TOD.MI) shares plummeted for 52 weeks and the lowest price was 96.50 euros.

In January 9, 2014, Tod 's SpA (TOD.MI) suffered a sharp drop in stock price after the US bank's Merrill Lynch downgraded its stock rating and was suspended for a while.

After Merrill Lynch and silver, UBS UBS, JP Morgan Morgan chase, Barclays Barclays and Societe Generale Industrial Bank lowered the target share price, Societe Generale Industrial Bank and lowered its stock rating to "sell".

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