Italian luxury shoes, leather goods and apparel company Todd S.p.A has published positive financial results for the first quarter of 2006 ended March 31.

Consolidated sales for the first quarter totalled €90.5 million, a 17.5% increase over €77million in the corresponding period of 2005.

Footwear sales, which represented 65.3% of the group’s turnover, grew 13.9% from €92.6 million in 2005 to €105.4 million in Q1 2006. Leather goods and accessories sales increased 27.1% from €28.2 million in the 2005 period to €35.8 million in 2006.

The group achieved positive results on the domestic market, where revenues increased by 15.3%, representing 48.4% of consolidated turnover in the first quarter. Sales in the rest of Europe grew 4.9% and 5.9% in the US. Revenues from Asian markets saw an increase of 44.4%, representing 15.4% of consolidated sales in this period.