Geox achieves double-digit growth
22/04/2009
Breathable footwear brand Geox has announced its final figures for 2008, which its shareholders approved at a meeting on April 21.
The highlight of the results is growth in turnover of 17%, rising to €892.5 million. Earnings remained at or near the levels of 2007, reaching just short of €200 million.
Mario Moretti Polegato, founder and president of the company, said on announcing the figures: "This is an optimal performance, considering the fierce drop in consumer spending at a global level. These results confirm, once again, the strength of our brand, the accuracy of our extremely flexible business model, the importance of innovation, which we achieve through continuous investment in research, and an excellent partner network. I am convinced that, even in difficult times, opportunities open up for the soundest and most competitve companies."
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