Brief: Geox Q1 Revenue Up To EUR 223.7 Mln

GEOX SpA

11/05/2023 16:38

May 11 (Reuters) - Geox SpA  GEO.MI :
    * Q1 REVENUE EUR 223.7 MILLION VERSUS EUR 184.4 MILLION YEAR
AGO
    * CONFIRMS GUIDELINES OF STRATEGIC PLAN TO 2024
    * SEES 2023 TOTAL REVENUES OVERALL GROWTH AROUND +4% / +6%
(PREVIOUSLY +6% / +8%) OVER 2022
    * MORE PRUDENT FORECAST IS DUE TO TREND RECORDED IN APRIL
AND THE
FIRST WEEK OF MAY, WITH WEAKER REORDERS IN MULTI-BRAND CHANNEL,
ESPECIALLY ONLINE
    * GROSS MARGIN IMPROVEMENT OF APPROX. +200 BPS IN THE FIRST
HALF
OF THE YEAR AND +130/+150 BPS IN THE SECOND HALF OF THE YEAR
COMPARED WITH SAME PERIOD 2022

Further company coverage:  GEO.MI 

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