GEOX S.P.A. Board approves results for first semester 2006
31 Jul '06
3 min read
In the first six months of 2006, comparable store sales (sales of DOS opened by at least 12 months) have grown by 9 percent.
At the end of June 2006, Geox stores network included 443 monobrand stores of which 356 franchised stores and 87 DOS.
Operating and Net Income Results: With regards to the main operating and net income results: EBITDA rose to Euro 82,4 million, compared to Euro 66,3 million in 1H 2005 (+24 percent), with a 27 percent margin.
EBIT reached Euro 73,1 million, compared to Euro 57,5 million in 1H 2005 (+27 percent), with a 23,9 percent margin.
Net income was equal to Euro 47,4 million, compared to Euro 43,8 million in 1H 2005 (+8 percent), with a 15,5 percent margin.
The Group's financial performance: With respect to 2005 year end, the Group's financial performance reflected a steady increase in shareholders' equity, from Euro 203,8 million to Euro 227,1 million. The Group's positive net financial position rose from Euro 48,4 million as of December 31 2005 to Euro 62,2 million as of June 30, 2006.
Geox actively creates, produces, promotes and distributes footwear worldwide with unique patents aiming to guarantee breathability and impermeability. Geox operates in the segment of classic, casual and sport footwear for men, women, and children, priced in the medium to medium-high price range.
marketing@alchempro.com
