Geox Group continues to grow significantly this year

30 Jul '08

1 min read

Geox s.p.a. board of directors approved consolidated results for the first half of 2008.

GEOX: SALES UP 21% AT CONSTANT EXCHANGE RATES TO EURO 464.1 MILLION

- EBITDA: Euro 118.3 million, +5% (25.5% margin)
- EBIT: Euro 106.1 million, +4% (22.9% margin)
- Net Income: Euro 78.0 million, +13% (16.8% margin)
- Positive net financial position: Euro 58.9 million (Euro 106.8 million FY2007)
- +19% growth of the Fall/Winter 2008 orders backlog

The Board of Directors of Geox S.p.A., the Italian company leader in the classic and casual footwear market listed on the Milan Stock Exchange, approved the financial results for the first half of 2008.

Mario Moretti Polegato, Chairman and founder of Geox commented: "We are satisfied with the results achieved by Geox Group in the first half of 2008 that shows a consistent growth of 21% at constant exchange rates. Although the current macroeconomic situation remains difficult and the consumer goods' demand is volatile, we are confident that Geox Group will continue to grow significantly even this year, also based on the excellent orders backlog for the Autumn/Winter collections, which as of today is showing a 19% growth”.

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Geox S.p.A

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