Geox's revenue fell 6,2% in the first nine months to €492,8 million. Geox, Fall-Winter '25
14.11.2025 2415

Geox's revenue fell 6,2% in the first nine months to €492,8 million.

Geox's revenue for the first nine months of 2025 amounted to €492,8 million, a 6,2% decrease compared to the same period in 2024. Excluding the closure of subsidiaries in China and the US, the decline was 3,8%, Fashion Network reports.

Despite the decline in revenue, management expects adjusted EBIT margin to be in line with the company's strategic plan targets in the 2025 financial year, with bank debt remaining in the range of EUR 100 million to EUR 110 million.

"Market conditions and the overall dynamics of consumer demand continue to impact demand in the sector, which continues to decline sharply. However, I believe it's important to emphasize that our direct retail channel maintained comparable sales levels broadly in line with the previous period," CEO Francesco Di Giovanni noted in a statement.

29% of the group's revenue comes from Italy (27,3% in the first nine months of 2024), amounting to €143 million, down 0,5% from €143,7 million in the first nine months of 2024. This change is explained by the combined effect of strong online sales (+13,9%), which offset the decline in the wholesale (-4%) and retail (-0,5%) channels.

Cost reductions of approximately €20 million resulted in an increase in adjusted earnings before interest and taxes (EBIT) of approximately €4 million and an increase in adjusted EBIT margin of 100 basis points compared to the first nine months of 2024.

Geox's revenue for the first nine months of 2025 was €492,8 million, down 6,2% from the same period in 2024. Excluding the closure of its subsidiaries in China and the US, the decline…
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