Italian luxury leather goods producer, Tod’s Group, has posted an 8.1% increase in sales for 2003 to €387 million. However it also reported a heavy net profit fall of 28.2% to €25.8 million.

The Milan Stock Exchange-listed company was led by the strength of its Tod’s brand, which generated a 7% increase in sales, representing 57.6% of total revenues. Hogan revenues were down 4.3%, accounting for a 23.3% share while revenue growth for Fay was up 24.5%, taking 17.5% of the total.

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