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GEO Geox SPA

0.592
-0.006 (-1.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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

Geox Shares Down 9% As Co Says Winter/Fall Order Backlog Down 13%

14/05/2009 12:05pm

Dow Jones News


Geox (BIT:GEO)
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Shoe retailer Geox SpA's (GEO.MI) shares fell nearly 9% Thursday after the company said its current fall/winter 2009 order backlog is down 13%.

Earlier Thursday, Geox, best known for its rubber-soled footwear, said net profit fell to EUR72.4 million from EUR79.1 million a year earlier.

In the full-year 2008, Geox reported EUR892.5 million in sales.

It said it expects full-year revenue to be in line with a year earlier.

The news about the slump in the order backlog send the shares down. At 1026 GMT, Geox shares were trading down 8.6% at EUR5.46, against Milan's S&PMib index, which was down 1.8%.

Company Web site: www.geox.com

-By Sofia Celeste, Dow Jones Newswires; +39 06 69766923; sofia.celeste@dowjones.com

 
 

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