Geox announces an increase in shoe sales
02.03.2016 4121

Geox announces an increase in shoe sales

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.

Geox, an Italian company that manufactures footwear and apparel using waterproof breathable materials, has summed up its financial ...

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