Italy shoemaker Geox halves net loss, appoints new CEO
01/03/2024 17:44
March 1 (Reuters) - Italian Shoemaker Geox GEO.MI
reported on Friday a halving of its net loss to 6.5 million
euros ($7.0 million) in 2023 from 13.0 million euros in 2022 and
said it had appointed a new chief executive.
The producer of waterproof and breathable apparel and
footwear said its annual earnings before interest, taxes,
depreciation and amortisation (EBITDA) rose 12.4% year on year
to 89.0 million euros.
It has appointed Luxottica veteran Enrico Mistron as CEO,
having reached a mutual separation agreement with Livio
Libralesso, effective immediately.
($1 = 0.9233 euros)
(Reporting by Philippe Leroy Beaulieu; Editing by Kirsten
Donovan)
((Philippe.LeroyBeaulieu@thomsonreuters.com;))