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Italy Geox2013 Fiscal Year Loss Sales Fell 6.6%

2014/3/11 13:09:00 19

Italy Geox 2013 Loss

Italy leisure > a target= "_blank" href= "//www.sjfzxm.com/" > shoes < /a > production retailers Geox Jian Le Si disclosed that its total sales in fiscal year 2013 decreased by 6.6% to 754 million 200 thousand euros, which met the expectations of the company and the market, and the total sales in 2012 fiscal year was 807 million 600 thousand euros. 
 footwear sales decreased by 5.1% to 654 million euros in the previous year of 689 million euros, accounting for 86.7% of the total sales of the company. < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > sold 100 million euros, down 15.6% from the 119 million euro the previous year. Sales of Italy's domestic market, which accounts for 32% of the group's business, dropped 16.1% to 239 million 900 thousand euros compared with the previous year, while the rest of Europe dropped 3.8% to 328 million 800 thousand euros, while North America fell 2.5% to 53 million 700 thousand euros, while sales in other countries increased 5.6% over the 2012 fiscal year. 
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 a net loss of 29 million 700 thousand euros for the whole year, and a net profit of 10 million euros in the 2012 fiscal year. EBITDA (profit before interest tax depreciation and depreciation) has shrunk by 82.6% to 10 million 700 thousand euros, and 61 million 600 thousand euros in fiscal 2012. 
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P, Geox, announced in November last year its business revival plan, which decided to redevelop the development center to its pillar business - footwear business in the international arena, which is "breathing shoes", and hopes to reproduce its profit growth through expansion, restructuring and cost control in international regions such as China, Hongkong, Scandinavia and Eastern Europe. It hopes to break through 1 billion euros and EBITDA to 110 million euros before 2016. Analysts say that this goal can be achieved, but requires a positive macroeconomic environment. Since its release, Geox shares have risen by more than 60%. At the time of today's deadline, Geox ended up at 3.31 euros, or 8.17%. 
 > a href= "//www.sjfzxm.com/news/index_x.asp" > Geox < /a > the founder and board chairman of the group, Mario Moretti Polegato, said in the earnings report that the revival plan has already begun to show results, and the same quarter sales in the 2013 fiscal year recorded a 5% increase, which continued to the first few weeks of 2014. The Group expects total sales to reach 800 million euros in 2014 and balance revenue on operating profit.