Italian luxury goods company Tod's has reported a consolidated turnover of €198.3 million for the first half of 2004, an increase of 14.4 per cent year-on-year.

Sales of Tod's Hogan brand, which makes up 25.8 per cent of the group's total turnover, rose by 14 per cent year-on-year, whilst the company's Fay brand, accounting for 12.2 per cent of turnover, dropped 1.1 per cent year-on-year.

Turnover on the Italian market, which accounts for 45.8 per cent of Tod's sales, increased 8.2 per cent, with turnover elsewhere in Europe growing by 9.5 percent.

First-half turnover in the US market fell 2.5 per cent, but sales in Asia grew by 78.8 per cent.