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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Geox SPA | BIT:GEO | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.008 | -1.32% | 0.597 | 0.59 | 0.603 | 0.606 | 0.592 | 0.60 | 487,715 | 17:00:00 |
From Jun 2019 to Jun 2024
Italian shoemaker Geox SpA (GEO.MI) Thursday said its 2010 full-year net profit fell 13% to EUR58 million and predicted rising raw material costs and currency fluctuations will pose challenges in 2011.
The company also posted a worse-than-expected 20% fall in Ebitda -- earnings before interest, taxes, depreciation and amortization.
The company also reduced its dividend to EUR0.18 a share from a EUR0.20 a share dividend on 2009 earnings.
MAIN FACTS:
--Revenues fell 1.7% to EUR850.1 million from EUR865 million posted in 2009.
--Ebitda fell 20% to EUR132.3 million compared to EUR166.4 million in 2009.
--Geox previously forecast a 6% to 8% drop in revenues and a 4% To 5% fall in Ebitda in 2010.
--Company said Spring/Summer 2011 orders backlog has increased 2%.
--Says forex, raw material prices, labor costs in supplier countries could put pressures on margins in the first half of 2011.
-By Sofia Celeste, Dow Jones Newswires, +39 06; sofia.celeste@dowjones.com
1 Year Geox Chart |
1 Month Geox Chart |
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