(Alliance News) - The board of directors of Tod's Spa on Wednesday approved the group's preliminary sales figures for fiscal 2022, reporting consolidated sales of EUR1.00 billion, up 14 percent from EUR883.8 million in FY 2021.

The amount, moreover, is 10 percent higher than the pre-pandemic figure for 2019, the company says.

Positive is the impact of currencies, Tod's explains in a note, especially for Tod's and Roger Vivier brands, which have the largest presence abroad; at constant exchange rates, revenues are EUR984.2 million, up 11 percent from 2021.

Diego Della Valle, chairman and chief executive officer of the group, commented, "We are reaping the first results that are the fruit of the medium-term strategy we have launched, which has as its main objective to increase the asset value of the group and of each individual brand, allocating to it all the investments necessary to achieve this result. We note with pleasure that customers increasingly appreciate the very high quality of our products, their craftsmanship and their iconic Italian lifestyle with strong creative value."

"We are continuing the development policy in the distribution network, with openings of new selected stores also in new markets, and we want very carefully to improve organic growth. We are also increasingly developing our marketing and communication team, with a focus on the digital world, to get closer and closer to younger customers. Considering the excellent start of the season in our stores and the solid order book for the coming season, we are very confident about the group's future results," he concluded.

Tod's on Wednesday closed in the green by 0.4 percent at EUR32.38 per share.

By Chiara Bruschi, Alliance News reporter

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