Geox encouraged by Q2 results
30/07/2010
In the six-month period, the company achieved sales of EUR 435.5 million, lower than in the first half of 2009 when sales were EUR 482.9 million. After-tax earnings for the first half of this year reached EUR 37.9 million compared to EUR 56.6 million last year.
The company pointed out that figures for the second quarter show a stronger performance than in the same period in 2009.
Geox chairman and founder, Mario Moretti Polegato, commented: “Net sales in the second quarter were 4% up on the same period in 2009. This reflects an encouraging performance in our shops, which in May and June showed comparable growth of 3%. Moreover, the positive trend in sales that our shops have also achieved in July and the order backlog for the coming autumn-winter season make me confident about the market recovery, about the effectiveness of the actions we have taken and about the strength of our brand.”
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