Tod's CEO says expects to meet 2007 targets

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MILAN, Nov 27 (Reuters) - Italian luxury shoe and bag maker Tod's (TOD.MI: Quote, Profile, Research, Stock Buzz) expects to meet its 2007 financial targets, with good sales anticipated for the Christmas holidays, Chairman and Chief Executive Diego della Valle said.

"We are confident of reaching the end of the year with all the figures we have given," Della Valle told reporters on the sidelines of a fashion and luxury goods event in Milan on Tuesday.

"If the trends we have seen continue we expect a good Christmas period," Della Valle said. "We are satisfied."

Tod's has said it expects double-digit growth in turnover and profits for the year, with sales up 10 to 15 percent.

The company, for whom actress Sienna Miller has modelled, reported this month a 10 percent rise in nine-month net profit to 57.8 million euros, supported by higher sales.

But analysts cut their ratings following what they called weak results, and the stock fell to a two year low. Commenting on the Italian high-end manufacturing sector, Della Valle said it was "a consolidated sector, one of the few which will not have problems in the next 20 years."

Tod's shares were up 1.69 percent to 51.25 euros at 0936 GMT after touching a high of 51.99 euros.