2011 Half-year report - Tod's

TOD’S Group
2011 Half Year Financial Report
06.30.2011
Highlights of results
Revenues: revenues totalled 439.5 million euros
during the period (the average change in foreign
exchange rates had a positive impact of 1.0
million euros), equivalent to growth of 16.4%
from H1 2010. Sales by the DOS network
totalled 227.0 million euros (+22.4%).
Sales revenues (Euro mn)
438,5 439,5
377,5
359,0
347,0
EBITDA: this grew by 27.5%, to 1 1 5 . 6 million
euros. At June 30 th 2011, it was equivalent to
26.3% of sales (H1 2010: 24.0%).
H1 11 comp.
ex. rates basis
114,2 115,6
H1 11 H1 10 H1 09 H1 08
EBITDA (Euro mn)
EBIT: this totalled 9 6 . 4 million euros, +29.8%
compared with H1 2010 (74.3 million euros).
When measured on a comparable exchange rate
basis, EBIT totalled 9 4 . 9 million euros
(+2 7 . 8 %).
H1 11 comp.
ex. rates basis
90,7
78,9 76,1
H1 11 H1 10 H1 09 H1 08
EBIT (Euro mn)
Net financial position (NFP): the Group had
157.0 million euros in liquid assets at June 30 th
2011. Its net financial position was 88.7 million
94,9 96,4
74,3
63,2 61,5
euros at the same date.
Capital expenditures: 37.7 million euros in
capital expenditures were made in H1 201 1, in
H1 2010 amounted to 16.1 million euros.
H1 11 comp.
ex. rates basis
H1 11 H1 10 H1 09 H1 08
NFP (Euro mn)
Distribution network: at June 30 th
the single
200,3
brand distribution network comprised 1 61 DOS
and 70 Franchised stores.
88,7
100,0
52,8
06.30.11 06.30.10 06.30.09 06.30.08
8 Highlights of results