Geox SpA (FRA:GHH)

€ 0.4885 0.002 (0.41%) Market Cap: 126.97 Mil Enterprise Value: 463.48 Mil PE Ratio: 0 PB Ratio: 1.67 GF Score: 39/100

Q1 2023 Geox SpA Interim Management Statement Call Transcript

May 11, 2023 / 03:40PM GMT

Release Date Price: €1.04 (+0.38%)

Transcript

Operator

Good afternoon, and welcome to Geox's First Quarter 2023 Results Conference Call. (Operator Instructions)

The call will be hosted by Geox Group's Vice Chairman, Mr. Enrico Moretti Polegato; and Chief Executive Officer, Mr. Livio Libralesso.

Now I would like to turn the conference over to Mr. Enrico Moretti Polegato. Please go ahead, sir.

Enrico Moretti Polegato

Geox S.p.A. - Executive Vice Chairman

Welcome, everybody. Revenues for the first quarter of '23 are very good. The 21% growth is due to both the multi-brand customer order backlog and the year-over-year shipment advance that allowed us to deliver an excellent level of service to the market. Comparable sales for our stores are growing almost double digit and have offset both some nonstrategic store closures and the initial weakness in the online sales.

In April, we saw some signs of caution from the market. However, comparable sales in stores remain positive, while online sales are recovering well. Growth at the end of April stands at 8%, and we can estimate that we will also

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