GEOX S.P.A. Board approves results for first semester 2006
31 Jul '06
3 min read
The Board of Directors of Geox S.p.A., the Italian company leader in the classic and casual footwear market listed on the Milan Stock Exchange approved the financial results for the first semester 2006 (ending 30 June). Consolidated financial results are fully reported under IAS/IFRS.
The Group's economic performance: Consolidated Sales for Footwear sales accounted for 95 percent of the Group's consolidated sales reaching Euro 290,3 million, with a 31 percent increase as compared to first half 2005. Apparel sales accounted for 4 percent of the consolidated sales reaching Euro 11,9 million (51 percent increase).
Italy remains Geox main market accounting for 41 percent of footwear sales (49 percent in 1H 2005) or Euro 118,4 million, up 9 percent as compared to 1H 2005.
International markets generated sales of Euro 171,9 million, up 53 percent as compared to 1H 2005. Europe (excluding Italy) accounted for 47 percent of the footwear sales (42 percent in 1H 2005) increasing to Euro 136,2 million, up 48 percent as compared to 1H 2005.
Multibrand stores remain Geox most important distribution channel accounting for 76 percent of the footwear sales, in line with 1H 2005, with a 32 percent growth.
In Italy the multibrand channel represent 65 percent of the footwear sales equal to Euro 77.1 million (+10 percent compared to 1H 2005). The monobrand stores channel(franchising and DOS), accounting for the remain 35 percent of the footwear sales, reached Euro 41.3 million with a 8 percent growth as compared to 1H 2006.
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