Geox Shares Rose Strong Net Profit To Achieve Growth

Geox SpA, founder and chairman of Mario Moretti Polegato, pointed out in the quarterly report that it benefited from outstanding performance in major European markets such as Italy, France, Germany, the United Kingdom and Spain. The 2015 autumn and winter orders recorded an increase of 8%, indicating that in the turbulent market environment, the group achieved the following

Satisfying.

In the first quarter, the company realized net profit of 12 million 517 thousand euros, up 24.6% from 10 million 47 thousand euros in the same period last year, and the profit per share rose from 0.04 euros to 0.05 euros.

The core profit EBITDA rose 10.5% to 30 million 718 thousand euros per year, 27 million 803 thousand euros in the same period last year, EBITDA profit margin increased 50 basis points to 10.9%, gross margin increased 150 basis points to 46.9%.

A total of 281 million euros, an increase of 4.7% over the same period last year of 268 million 500 thousand euros, excluding the increase in the exchange rate after the increase of 2.5%, mainly by Direct stores 4.8% of the same store sales growth to promote.

Monday afternoon fell 1.93% to 3.38 euros, which has risen nearly 25% in 2015.

Sales accounted for 30% of the direct channel sales increased by 10.9% to 85 million 648 thousand euros, accounting for 20% of the franchise channel sales fell by 3.9% to 5627.72 euros. As of March 31st, Geox global brand stores reached 1166, a net decrease of 59 over last year, of which 440 were direct outlets.

In addition, sales and sales of multi brand wholesale channels increased by 4.8% to 139 million 100 thousand euros.

By region, Italy's domestic market sales rose 3.2% to 100 million 500 thousand euros compared with the same period last year, and the rest of Europe also increased 3.2% to 119 million 700 thousand euros.

Stimulated by the appreciation of the US dollar, sales in North America increased by 15.8% to 14 million 205 thousand euros, excluding the increase in exchange rate, which was 1.9%.

Sales in other markets in the world increased by 8.8% to 46 million 619 thousand euros, excluding 1.1% after the exchange rate.