Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. TOD'S S.p.A.
  6. News
  7. Summary
    TOD   IT0003007728

TOD'S S.P.A.

(TOD)
  Report
Real-time Estimate Cboe Europe  -  11:35:45 2023-02-07 am EST
35.92 EUR   -1.80%
01/26Mib breaks through 26,000 trailed by STMicroelectronics
AN
01/25Tod's sales exceed 1 billion euros in 2022
RE
01/25Tod's, 2022 sales over billion exceed pre-pandemic levels
AN
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

European Companies Hand Out Employee Bonuses As Inflation Bites -- At a Glance

11/28/2022 | 12:42pm EST

By Mauro Orru and Pierre Bertrand


Italian luxury shoe maker Tod's SpA on Monday joined a growing list of companies in Europe paying one-off bonuses to employees in an effort to mitigate the burden of high inflation and energy prices.

Tod's said it would hand out EUR500 ($519.97), to all employees, citing a "context of extraordinary complexity for the entire economic and social system of our country."

From the automotive sector to luxury and construction, companies on the continent have announced similar measures:


--German car maker Volkswagen AG earlier this month reached an agreement with Germany's IG Metall union covering 125,000 employees in the country. A pay increase of 5.2% as of June 2023 and 3.3% as of May 2024 has been agreed on. The agreement also includes an inflation-adjusted, tax-free bonus of EUR2,000 in the first quarter of 2023, and EUR1,000 in early 2024.


--Spanish insurance company Mapfre SA said last week that more than 10,000 Spain-based employees would receive a EUR400 bonus before Christmas on top of a EUR350 lump sum that was paid in July.


--French car maker Renault SA said last month that it had signed an agreement with trade unions in France and agreed to distribute EUR1,000 for most employees by the end of the year.

"All company employees will benefit from an exceptional bonus of EUR500, to which will be added a EUR100 transport bonus, free health insurance for three months and the possibility of monetizing three days of RTT with a 25% increase," the company said in a statement last month.


--European aircraft manufacturer Airbus SE confirmed last month that around 120,000 employees would cash in an "exceptional premium" of GBP1,500 in the U.K. and EUR1,500 in France, Germany and Spain. The sum will be mirrored in other countries with a premium calculated as a percentage of the average local base salary.

"The company believes that this solution is the most appropriate to support employees in the short term as they cope with the current inflationary environment," Airbus said.


--French construction-and-media conglomerate Bouygues SA in September said it would pay a "special one-off bonus" of EUR500 to EUR1,000 to employees earning less than twice the annual French minimum wage, exempt from employee social-security contributions and taxes.

"The Bouygues group is taking action in favor of the lowest earners in its business segments, both in France and abroad, in order to counter the impact of inflation on the cost of living for its employees," the company said.


Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94 and Pierre Bertrand at pierre.bertrand@wsj.com


(END) Dow Jones Newswires

11-28-22 1241ET

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -2.97% 112.3 Real-time Quote.4.25%
BOUYGUES SA 0.03% 30.32 Real-time Quote.8.10%
MAPFRE S.A. 0.55% 1.84 Delayed Quote.1.11%
RENAULT 4.35% 40.82 Real-time Quote.25.08%
TOD'S S.P.A. -1.80% 35.92 Delayed Quote.20.81%
VOLKSWAGEN AG 0.71% 131.26 Delayed Quote.11.96%
All news about TOD'S S.P.A.
01/26Mib breaks through 26,000 trailed by STMicroelectronics
AN
01/25Tod's sales exceed 1 billion euros in 2022
RE
01/25Tod's, 2022 sales over billion exceed pre-pandemic levels
AN
01/02Mib expected to rise on first day of year
AN
2022Mib at a loss; contraction is 13% in 2022
AN
2022Global markets live: Vodafone, Enel, Novartis, Best Buy, Amgen...
MS
2022Tod's founder abandons plan to delist company
RE
2022European Companies Hand Out Employee Bonuses As Inflation Bites -- At a Glance
DJ
2022Tod's sales beat forecast as owners weigh de-listing
RE
2022Tod's nine-month sales rise more than expected
RE
More news
Analyst Recommendations on TOD'S S.P.A.
More recommendations
Financials
Sales 2022 1 000 M 1 074 M 1 074 M
Net income 2022 19,3 M 20,7 M 20,7 M
Net Debt 2022 388 M 417 M 417 M
P/E ratio 2022 63,5x
Yield 2022 0,65%
Capitalization 1 211 M 1 300 M 1 300 M
EV / Sales 2022 1,60x
EV / Sales 2023 1,48x
Nbr of Employees 4 890
Free-Float 25,5%
Chart TOD'S S.P.A.
Duration : Period :
TOD'S S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOD'S S.P.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 36,58 €
Average target price 35,33 €
Spread / Average Target -3,43%
EPS Revisions
Managers and Directors
Andrea della Valle Vice Chairman & Co-Chief Executive Officer
Diego della Valle Chairman, President & Co-Chief Executive Officer
Emilio Macellari Chief Financial Officer & Executive Director
Luca Cordero di Montezemolo Independent Non-Executive Director
Luigi Abete Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
TOD'S S.P.A.20.81%1 300
DECKERS OUTDOOR CORPORATION3.81%10 967
PUMA SE14.36%10 913
HUALI INDUSTRIAL GROUP COMPANY LIMITED8.35%10 674
CROCS, INC.12.50%7 532
SKECHERS U.S.A., INC.6.51%6 930