Brief: Geox Issues 2022-2024 Business Plan, Sees Revenue Over EUR 800 Mln In 2024

GEOX SpA

01/12/2021 17:44

Dec 1 (Reuters) - Geox SpA  GEO.MI :
    * ISSUES 2022-2024 BUSINESS PLAN
    * SEES REVENUE ABOVE EUR 800 MILLION IN 2024
    * SEES CASH FLOW OF ABOUT EUR 70 MILLION OVER 2022-2024
    * SESS EBIT MARGIN AT 5-6% OF SALES IN 2024
    * 2022-2024 PLAN FORECASTS TOTAL INVESTMENTS OF AROUND EUR
70/80
MILLION
    * REDUCTION OF PRODUCT OFFER WITH MORE FOCUS ON NON-SNEAKER
WORLD
    * SUBSTANTIAL STABILITY IN THE OVERALL NUMBER OF TOTAL
PHYSICAL
STORES (2021-2024)
    * DIGITAL REVENUES REPRESENT GROUP’S MAIN GROWTH DRIVER,
WILL
REACH AROUND 30% OF TOTAL TURNOVER (FROM 17% IN 2019) IN 2024

Source text for Eikon:  ID:nBIA4bHNx7 
Further company coverage:  GEO.MI 

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