Shareholder approval
07/04/2008
The annual meeting of Geox shareholders has approved the footwear brand's financial results for year ending December 31, 2007.
Mario Moretti Polegato, chairman and founder of Geox commented: “The results achieved by the group in 2007 are further confirmation of the strong potential of our brand, the success of our patent and the solidity of our business model. With 2007 we close three years of rapid expansion, both on the domestic market and, above all, on the European market, a phase that began when the group was listed on the Milan Stock Exchange in December 2004.”
He added that today Geox was ready to face a new round of expansion in Europe as well as in other markets.
Geox reported consolidated sales for the year of €770.2 million, an increase of 26%.
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