A brilliant 2011, and a 2012 that promises to be even better. At least according to the results for the first 9 months of the year presented yesterday by Geox, and plans for next year.
The revenues of the group are up 5% to 769 million euros, with an ebitda of 131 million (17,1% margin), and an order book for 2012 which confirms the current market.
Taking into consideration only the last quarter of 2011, the growth is 6,4% compared to the third quarter of 2010. The clothing sector is particularly brilliant (+16%), while footwear is experiencing a practically stable phase (+2,6 %).
Il Italian market, which represents 40% of the Group's revenues, shows a growth of 7%, equal to 303,6
million euros, compared to 284,3 million in the first nine months of 2010.
The revenues generated in Europe, equal to 42% of Group revenues (43% in the first nine months of 2010), amounted to 321,5 million euros, compared to 316,7 million euros in the first nine months of 2010, recording a growth of 2%.
North America reports a turnover of Euro 41,7 million, stable, at constant exchange rates, compared to the corresponding period
of the previous year, down 3% at current exchange rates.
The other countries report an average growth of 10% (13% at constant exchange rates). However, all countries reported growing revenues (except for Spain and Greece): Italy +7%, Europe +1,5% (+3,7% excluding Spain), China and Hong Kong +22%, Eastern Europe +40%, Russia +57%.
Also confirmed the opening plan for 2012, which provides additional 100 new stores. In particular, new openings are planned a London, Brussels, Rome (via Cola di Rienzo), Moscow, Copenhagen and Isetan and Sogo, two Japanese cities with high-profile department stores.
