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Geox SpA (GEO.MI)

GEO.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Geox SpA Q1 Net Sales Down At EUR 260.9 Mln
Friday, 10 May 2019 

May 10 (Reuters) - Geox SpA ::Q1 NET SALES EUR 260.9 MILLION VERSUS EUR 264.5 MILLION YEAR AGO.Q1 NET SALES DOWN 1.6% AT CONSTANT CURRENCIES.SAYS ANNUAL SALES IN WHOLESALE CHANNEL WILL SHOW A MID SINGLE DIGIT DECREASE COMPARED WITH 2018 FIGURES.  Full Article

Geox Exec Says Co Targets Gross Margin Increase Of 300 Basis Points By 2021-End
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Geox SpA ::GEOX EXEC SAYS 2019 MARKETING SPENDING TO BE 60 PERCENT DIGITAL AND 40 PERCENT TRADITIONAL (CURRENT: 30% DIGITAL, 70% TRADITIONAL).GEOX EXEC SAYS CO TARGETS GROSS MARGIN INCREASE OF 300 BASIS POINTS BY 2021-END.  Full Article

Geox Approves 2019-2021 Strategic Business Plan
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Geox SpA ::APPROVES 2019-2021 STRATEGIC BUSINESS PLAN.IN 2019-2021 AIMS AT PROGRESSIVE INCREASE IN ADVERTISING INVESTMENTS, WITH A TARGET TO REACH 5% OF SALES.IN 2019-2021 AIMS AT REDESIGNING RANGE COMBINED WITH MORE FREQUENT RELEASES OF INNOVATIVE CAPSULE COLLECTIONS.TARGETS GROWTH IN NET SALES AT AN AVERAGE ANNUAL RATE OF 6.5% (2018-2021).EXPECTS TO REACH TURNOVER OF ABOUT EUR 950 MILLION – 1,000 MILLION IN 2021.TARGETS PROGRESSIVE IMPROVEMENT IN EBITDA, EXPECTED TO REACH APPROXIMATELY 10% OF SALES IN 2021.THE 2019-2021 BUSINESS PLAN INCLUDES INVESTMENTS OF APPROXIMATELY EURO 40 MILLION PER YEAR.  Full Article

Geox 9-Mth Net Sales Down 8.2 Pct At EUR 672.4 Mln
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Geox SpA ::9-MONTH NET SALES EUR 672.4 MILLION VERSUS EUR 732.7 MILLION YEAR AGO.SEES ISSUES WILL ALSO CONTINUE DURING THE FOURTH QUARTER OF THE YEAR.SAYS IT IS NECESSARY TO REMAIN VERY PRUDENT WHEN FORECASTING TURNOVER AND OPERATING RESULT FOR 2018 AS A WHOLE.SAYS 2018 AS A WHOLE HAS NOW BEEN SUBSTANTIALLY DEFINED BY THE TREND RECORDED IN THE FIRST NINE MONTHS.SAYS IN 2018 AS A WHOLE WHOLESALE CHANNEL IS EXPECTED TO CONTINUE SHOWING SIGNS OF WEAKNESS.SAYS INITIAL ORDER COLLECTION FOR THE UPCOMING SEASON IS DOWN BY -9.1%.COMPARABLE STORE SALES PERFORMANCE IN OCTOBER WAS SUBSTANTIALLY IN LINE WITH THE SAME MONTH LAST YEAR.CONFIRMS IMPROVEMENT IN GROSS MARGIN BOTH FOR 2018 AND INITIAL ORDERS FOR 2019 SPRING-SUMMER SEASON.UNUSUAL WEATHER CONDITIONS HAD IMPACT ON BOTH INITIAL DEMAND FOR PRODUCTS AND ON RESTOCKING DURING SEASON.  Full Article

Geox FY Net Profit Up At EUR 15.4 Mln
Friday, 23 Feb 2018 

Feb 23 (Reuters) - GEOX SPA ::FY NET PROFIT EUR 15.4 MILLION VERSUS EUR 2.0 MILLION YEAR AGO.FY EBITDA EUR 64.0 MILLION VERSUS EUR 47.6 MILLION YEAR AGO.FY ADJUSTED EBITDA EUR 74.0 MILLION VERSUS EUR 52.8 MILLION YEAR AGO.ORDER PORTFOLIO FOR SPRING/SUMMER 2018 IN THE MULTI-BRAND CHANNEL SHOWS GROWTH OF 3.5 PERCENT.EXPECTS "SOLID" GROWTH IN E-COMMERCE CHANNEL TO CONTINUE.EXPECTS PROFITABILITY IN 2018 TO INCREASE COMPARED WITH 2017.PROPOSES TO DISTRIBUTE A DIVIDEND OF EUR 0.06 PER SHARE.BOARD APPROVES MERGER BY INCORPORATION OF UNIT G.R. MI S.R.L. INTO GEOX.  Full Article

Geox Appoints Matteo Mascazzini CEO
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - GEOX SPA ::APPOINTS MATTEO MASCAZZINI CEO.MASCAZZINI TAKES UP OFFICE AS CEO AS OF FEB 1.  Full Article

Geox FY Prelim Revenue Down at EUR 884.5 Million
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Geox Spa ::FY PRELIM REVENUE EUR 884.5 MILLION VERSUS EUR 900.8 MILLION YEAR AGO.GREGORIO BORGO RESIGNS AS CEO, THE COMPANY TO APPOINT MATTEO MASCAZZINI AS NEW CEO.MATTEO MASCAZZINI WILL STEP DOWN AT END-JANUARY AS‍ CHIEF OPERATING OFFICER OF GUCCI AMERICA.  Full Article

Geox 9-month revenue down at EUR 732.7‍​ mln
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - GEOX SPA ::9-MONTH REVENUE EUR 732.7‍​ MILLION VERSUS EUR 739.3 MILLION YEAR AGO.WITH REGARD TO FY 2017, EXPECTS SLIGHT FALL IN SALES BUT SIGNIFICANT INCREASE IN PROFITABILITY YEAR ON YEAR.ORDER BACKLOG (WHOLESALE CHANNEL) FOR 2018 SPRING/SUMMER SEASON SHOWS 3.5% GROWTH‍​.  Full Article

Geox H1 EBITDA up at EUR 34.7 mln
Friday, 28 Jul 2017 

July 28 (Reuters) - GEOX SPA ::H1 NET REVENUES EUR 451.1 MILLION VERSUS EUR 450.3 MILLION YEAR AGO.H1 NET PROFIT EUR 8.4 MILLION VERSUS PROFIT EUR 28,000 YEAR AGO.H1 EBITDA EUR 34.7 MILLION VERSUS EUR 22.1 MILLION YEAR AGO.COMPARABLE STORE SALES DOWN 0.6 PERCENT IN FIRST 29 WEEKS.REGARDING 2017, EXPECTS A SLIGHT INCREASE IN TOP LINE AND AN INCREASE OF PROFITABILITY COMPARED TO THE PREVIOUS YEAR.THE WHOLESALE CHANNEL IS EXPECTED TO RECORD "MID SINGLE DIGIT" GROWTH FOR THE ENTIRE YEAR.EXPECTS TO ACHIEVE LEVELS OF PROFITABILITY IN 2017 IN LINE WITH CURRENT MARKET EXPECTATIONS EVEN IF "CHALLENGING".  Full Article

Italy - Factors to watch on May 20

The following factors could affect Italian markets on Monday.