Geox, an Italian manufacturer of shoes and clothing using waterproof, breathable materials, summed up the results of the past fiscal year. They showed that sales of the Geox brand's key brand — shoes — are growing, while the clothing segment, launched a few years ago, is falling. From the official announcement of the brand, 2015 ended with a net profit of 10 million, while 2014 was completed with a loss of 2,9 million.
The turnover of the Italian company amounted to 874,3 million euros (+ 6,1% compared to the previous reporting period), while the footwear segment, accounting for 89,8% of consolidated revenue, grew by 8,8% U and the clothing sector, which accounts for 10,2% of the business, lost 12,9%. The company announced its new three-year plan for 2016-2018, which sets a goal of increasing turnover by an average of 6,5% per year in order to reach 1,02-1,1 billion euros in 2018.
Significant growth is planned in emerging markets and markets with great development potential, such as the UK, USA, Russia and China.