Soho
Geox Demonstrates Profitability
18.11.2014 4224

Geox Demonstrates Profitability

Geox is pleased with its financial results for the first nine months of 2014. The group completed the reporting period with a turnover of 668,4 million euros, with an increase of 8,1% compared to the same period a year earlier. Profit data is also positive: EBITDA amounted to 46,3 mln (31,1 to 2013), in operating profit rose to 15,6 mln euro compared to a loss of 4,3 mln last year.

The company confirmed the forecasts for the business plan for the 2014 year as a whole: growth in turnover up to 800 million euros and a return to profitability.

Geox Founder and President Mario Moretti Polegato also commented: “The positive results of the spring / summer 2015 procurement session reaffirm that we are on the right track with our focus on product innovation, continuous development and specialization of our retail network and wholesales ".

Sales of the brand through multi-brand stores recorded a jump in growth in the third quarter (+ 13,1%), which allowed them to return to profitability. Retail chain performance was strong throughout the nine months of this year, showing a total increase of 9,4%.

Geox is pleased with its financial results for the first nine months of 2014.
5
1
Rating

Latest News

Pantone names 2023 color of the year

The Color of the Year 2023 is “powerful, fearless, inspiring” as Pantone 18-1750 Viva Magenta Carmine Red is described. Its other name is “new vibrating ...
03.12.2022 153

Fila collaborates with Haider Ackermann

South Korean company, manufacturer and supplier of sportswear Fila has released a collaboration with French designer of Colombian origin Haider Ackermann. The capsule includes men's and women's clothing (colorful leggings,…
02.12.2022 266

Pakistan ramps up shoe exports

Footwear exports from Pakistan increased by 2022% between July and October 82, a year-on-year growth of 31%, while leather exports increased slightly, according to the Pakistan Bureau of Statistics (PBS)…
02.12.2022 268

On Black Friday, Wildberries sold goods for 106 billion rubles.

The Black Friday promotion was held on Wildberries from November 18 to November 28, 2022. The sale aroused high interest among buyers and surpassed last year's figures. In total, the participants of the action ordered goods for a total amount of about 106,4 billion rubles, which is almost…
01.12.2022 324

Ralf Ringer is challenging in court the demand of the Federal Tax Service for additional taxes and penalties for 1,5 billion rubles.

As we wrote earlier, the federal tax authorities want to recover about 1,5 billion rubles in tax fees, fines and penalties from the Russian shoe company Ralf Ringer. Shoe manufacturer and retailer is trying to challenge the actions of the tax authorities through…
30.11.2022 368
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning