Italy's Casual Shoe Manufacturer Geox Spa Grew Significantly In The Three Quarter.

Italy Casual shoes The production of Geox SpA (GEO.MI), the three largest growth rate in the 800 million quarter of the year, kept the annual income above 800 million euros and EBIT's profit and loss balance unchanged, which stimulated its stock price to soared more than 10%.

Geox SpA (GEO.MI) in nine months ago, the core profit EBITDA was 46 million 338 thousand euros, an increase of 49.1% over the same period last year, and the profit margin of EBITDA increased by 190 from base point to 6.9% in 5% over the same period last year. The profit margin of EBITDA is 49.1%. At the EBIT level, it turned to profitability, from 4 million 257 thousand euros in the same period last year to 15 million 615 thousand euros.

Net sales rose 8.1% to 668 million 400 thousand euros, up 618 million 100 thousand euros from the same period last year, with an increase of 16% in the three quarter. Sales of shoes accounted for 87.6% of annual revenue increased by 8.7% to 585 million 400 thousand euros, and clothing sales increased by 4.6% to 83 million euros.

The two major markets of the Group recorded strong growth, of which Italy sales increased by 13.6% to 225 million 900 thousand euros, and Europe increased by 8.5% to 294 million 800 thousand euros. Progress in North America and elsewhere was not obvious, rising by 1% and 0.6% to 40 million 400 thousand euros and 107 million 200 thousand euros respectively.

Sales in the first nine months of the direct channel increased by 24.1% to 252 million 600 thousand euros, thanks to the 9.4% increase in new store opening and same store sales. Multi brand channels rebounded strongly in the three quarter, up 13.1%, offset the weakness in the first half, narrowing the sales to 0.6% in the first nine months and falling to 290 million 100 thousand euros. Authorized business sales of 125 million 600 thousand euros, an increase of 2.4%.

As of September 30th, Geox brand There are 1248 stores in the world, of which 467 are direct outlets.

Mario Moretti Polegato, founder and chairman of Geox SpA (GEO.MI) Jian Le group, said in its earnings report that although the consumer spending in some markets was uncertain, its performance in the first nine months was satisfactory.