Geox reports 2010 results
04/03/2011
Sales and earnings were down compared to 2009, with last year’s totals reaching EUR 850.1 million and EUR 123.3 million respectively, compared to EUR 865 million and EUR 166.4 million in 2009.
On announcing the figures, Mario Moretti Polegato, chairman and founder of Geox, said the second half of 2010 had been much stronger for the company than the January-June period. He commented: “The year 2010 closed with consolidated sales of
Euro 850 million, thanks to a satisfactory second half that showed growth of 9%. This positive trend in the second half of the year involved both footwear (+5%) and apparel (+29%), spread over Italy, the rest of Europe and North America, whereas emerging markets speeded up, turning in a result of +17%. Particular satisfaction came from our directly operated stores which reported comparable growth during the autumn-winter season of +14%, further confirmation of the strength of the Geox brand, our technology and the group's ability to create collections that are appreciated by consumers.”
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