The group's 2022 consolidated revenue is 1,006.9 million, up 13.9 percent from 2021 and about 10 percent higher than the 2019 figure, a note said.

At constant exchange rates, revenues are 984.2 million, up 11.4 percent from 2021.

"Considering the excellent start of the season in our stores and the solidity of the order book for the coming season, we are very confident about the group's future results," chairman and CEO Diego Della Valle commented in the note.

The Tod's brand, which has the most balanced geographic distribution, recorded "an excellent growth rate in all geographic areas, confirming the strong appreciation by customers for the brand's collections, both in footwear and in the new leather goods and accessories families," the statement said.

The Roger Vivier brand had a good start to the year in all geographies, but given its high exposure to the Chinese market, it has experienced a slowdown in growth since March.

Double-digit revenue increases for the Hogan and Fay brands, partly due to the easy comparison base for their high exposure to the Italian and European markets, which had experienced some periods of store closures in 2021 due to lockdowns resulting from the Covid-19 pandemic.

In terms of distribution channels, retail totaled 743.3 million, accounting for about 74 percent of the group's sales, up 12.7 percent. Double-digit growth was also recorded in revenues from the wholesale channel, which returned to positive results after rationalization in recent years.

Geographically, Italy and the Rest of Europe saw a gradual improvement in results starting in the second quarter of the year, "thanks to the dynamism of purchases by domestic customers and the good attendance of intra-European, American and Middle Eastern tourists."

The Chinese market, after a good start to the year, experienced a noticeable slowdown in growth starting in March, with the imposition of strict government restrictions to deal with the Covid-19 pandemic. Even after the gradual easing of measures in the second half of the year, consumption trends remained volatile and impacted by local and temporary lockdowns in several primary cities.

(Sabina Suzzi, editing Andrea Mandalà)