Brief: Geox FY Net Loss Shrinks To EUR 62.1 Mln

GEOX SpA

24/02/2022 15:30

Feb 24 (Reuters) - Geox SpA  GEO.MI :
    * FY NET LOSS EUR 62.1 MILLION VERSUS LOSS EUR 128.2 MILLION
YEAR
AGO
    * FY REVENUE EUR 608.9 MILLION
    * SUPPLY CHAIN UNCERTAINTIES ARE ALSO EXPECTED TO IMPACT
FIRST 
QUARTER OF 2022 AND THEN IMPROVE DURING YEAR
    * INITIATIVES SET OUT IN THE 2022-2024 BUSINESS PLAN WITH A
VIEW
TO INCREASING GROUP'S PROFITABILITY CONTINUE AS PLANNED
    * TO DATE, DIRECT STORE COMPARABLE SALES ARE UP 44% OVER
2021
(SUBSTANTIALLY IN LINE VERSUS 2019), SHOWING SIGNIFICANT
REDUCTION IN MARKDOWNS
    * AT PRESENT, WITH THE RECENT GEO-POLITICAL TENSIONS
CONCERNING
RUSSIA, BELARUS AND UKRAINE, IT IS NOT POSSIBLE TO RELIABLY
ESTIMATE ANY IMPACT ON BUSINESS


Further company coverage:  GEO.MI 

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