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 year ending December 31, 2006.
Mario Moretti Polegato, chairman and founder of Geox has thus commented: “2006 results are very satisfactory and confirm the strength of our brand and of our business model. Consolidated sales has increased by 35%, well above our target of Euro 600 million. The first months of 2007 confirm the positive trend in all our markets."
"In particular, our current orders backlog for Spring/Summer 2007 shows a growth of 28% as compared to the same period of 2006. Based on these data, we are confident that the Group could reach, also in 2007, results significantly above the previous year”.
THE GROUP'S ECONOMIC PERFORMANCE:
Sales: Consolidated sales reached Euro 612.3 million, up 35% compared to FY2005. Footwear represents 94% of consolidated sales amounting to Euro 574.0 million, with a 34% increase compared to the same period of 2005. Apparel sales accounted for 6% of consolidated sales equal to Euro 33.9 million, with a 56% increase.
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