Geox grows Q1 sales by 5%
14/05/2009
Breathable and water-resistant footwear brand Geox has announced 5% growth in sales for the first quarter of 2009.
Sales for the three-month period reached EUR 384.2 million, 5% up on the figure for the first quarter last year, taking changes in exchange rates into account. Earnings on this total were just short of EUR 125 million, very slightly down on last year.
Mario Moretti Polegato, the company’s president and founder, said on announcing the results: “In spite of the difficult economic environment, we’re happy with these results. Even if consumer demand at a global level remains very weak, our flexible business model will allow us to thrive. Our company’s ability to innovate our products, to expand into new product segments and new markets, combined with our financial stability, gives me confidence that we will continue to grow in future.”
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