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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.006 | -1.00% | 0.592 | 0.582 | 0.603 | 0.598 | 0.59 | 0.598 | 110,185 | 17:00:00 |
From Jul 2019 to Jul 2024
Italian shoemaker Geox SpA (GEO.MI) said Thursday its first- quarter net profit fell a better-than-expected 18.9% to EUR43.4 million as its margins were hit by rising raw material and labor costs and currency fluctuations, factors that will continue to pose challenges in 2011.
The company posted a 3.7% rise in revenue to EUR345.4 million and said fall/winter 2011 orders are up 8% compared with fall/winter 2010 orders.
MAIN FACTS:
-Ebitda fell to EUR79.2 million compared to EUR93.6 million in the first quarter of 2010.
-Ebit fell to EUR68.9 million from EUR83.7 million.
-Forex, raw material prices, labor costs in supplier countries will continue to put pressure on margins in the second half of 2011.
-Earnings per share fell to EUR0.17 from EUR0.21.
-By Sofia Celeste, Dow Jones Newswires, +39 06 69766923; sofia.celeste@dowjones.com
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