Brief: Geox 9-Month Total Revenue Up To EUR 582.0 Mln

GEOX SpA

09/11/2023 16:56

Nov 9 (Reuters) - Geox SpA  GEO.MI :
    * 9-MONTH TOTAL REVENUE EUR 582.0 MILLION VERSUS EUR 569.1 MILLION YEAR AGO
    * APPOINTED IN SEPTEMBER PENELOPE CRUZ AS GLOBAL BRAND AMBASSADOR
    * SEES 2023 REVENUE GROW “LOW TO MID SINGLE DIGIT” AT CONSTANT EXCHANGES
    * AT SEPT-END REVENUE FROM RUSSIA ARE IN LINE WITH PLAN AT ABOUT EUR 67
MILLION,
ABOUT 11% OF CONSOLIDATED TURNOVER
    * SEES 2023 GROSS MARGINS UP FROM PREVIOUS GUIDANCE TO IMPROVE BY ABOUT
+250/+300
BPS
    * DESIGNATES ANDREA MALDI CFO AS OF DEC 4


Further company coverage:  GEO.MI 

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