Brief: Geox 9-Month Revenue Up To EUR 569.1 Mln

GEOX SpA

09/11/2022 16:48

Nov 9 (Reuters) - Geox SpA  GEO.MI :
    * 9-MONTH REVENUE EUR 569.1 MILLION VERSUS EUR 463.5 MILLION
YEAR
AGO
    * SEES Q4 LOWER SALES FOR CLOTHING FOR EUR 12 MILLION AND A
LOWER
MARGIN OF EUR 6 MILLION THAN PREVIOUS QUARTERS
    * LOWER-THAN-EXPECTED GROSS MARGIN GROWTH DUE TO CRITICAL
ISSUES
ARISING FROM THE GEO-POLITICAL SITUATION, SUPPLY CHAIN AND
INFLATIONARY PRESSURE
    * IN Q3 COMPARABLE SALES GENERATED BY DIRECTLY OPERATED
STORES
(PHYSICAL AND ONLINE) ARE GROWING 7% COMPARED TO Q3 2021, UP 5%
COMPARED TO Q3 2019
    * SEES OVERALL IMPACT OF DELAYS ON DELIVERIES CAN BE
ESTIMATED IN
4Q22 AT ABOUT EUR 10 MILLION OF LOWER REVENUES AND EUR 8 MILLION
OF LOWER GROSS MARGIN
    * CONFIRMS 2022 FY GUIDANCE ON REVENUE AND GROSS MARGIN

Further company coverage:  GEO.MI 
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