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 nine months 2006. Consolidated financial results are fully reported under IAS/IFRS.
THE GROUP'S ECONOMIC PERFORMANCE
Consolidated Sales Footwear represents approximately 94 percent of the consolidated sales amounting to Euro 515.6 million, with a 29 percent increase compared to the same period of 2005. Apparel represents 5 percent of the consolidated sales for a total of Euro 30.4 million, with an increase of 63 percent.
Italy remains the main market accounting for 40 percent of footwear sales (48 percent in the same period of 2005) for a total of Euro 204.5 million, 6 percent increase. International markets generated Euro 311.0 million of sales with an overall growth of 51 percent.
Europe in particular (excluding Italy) generated 48 percent of the footwear sales (43 percent in the same period of 2005) amounting to Euro 247.2 million, a 46 percent increase.
All Geox distribution channels, multibrand and “Geox Shops” (franchising and DOS) showed a significant growth. Multibrand stores still constitute the main distribution channel accounting for 77 percent of the footwear sales, compared to 79 percent in the same period of 2005, with a 26 percent growth.
In Italy the multibrand channel generated 67 percent of the footwear sales for a total of Euro 136.8 million, a 2 percent increase. The Geox Shop channel (franchising and DOS) represents the remaining 33 percent of domestic sales for a total of Euro 67.8 million, with a 14 percent increase.
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