Russia exposure drags Geox shares down
24/02/2022 11:09
** Shares in Italy's Geox GEO.MI fall 14.7% over the
possible impacts of Western sanctions against Russia on the
Italian shoemaker following the invasion of Ukraine
** Among Italian consumer companies exposed to Russia "Geox
makes 8% of revenues, but has no JVs with Russian partners,"
Intesa Sanpaolo's analysts say in a report
** Geox is expected to issue full-year results on Thursday
after market close
** Shares are on track for their worst day since March 2020
** Including today's fall the stock has dropped by 21.03%
since the start of the year
(Reporting by Federica Urso, Giancarlo Navach, editing by Maria
Pia Quaglia)
((Federica.urso@tr.com))