Geox posts strong results again
14/11/2008
Footwear brand Geox has posted impressive financial results for the first nine months of 2008.
Net sales are up by around 16% to €799 million and net income is up 3% to €134 million. The company says it now has €24 million in cash and a strong position regarding orders for next year.
On announcing the results, the company's founder and chairman, Mario Moretti Polegato, commented: "Despite this difficult environment, we are satisfied with the results achieved by our Group in the first nine months of 2008. Our 16% growth confirms we are among the top companies at international level in term of sales growth and profitability."
He said he felt confident that Geox would come through the difficult economic times "stronger than ever".
Share this story:
