Geox SpA (MIL:GEO)

€ 0.4975 -0.0005 (-0.1%) Market Cap: 126.97 Mil Enterprise Value: 463.48 Mil PE Ratio: 0 PB Ratio: 1.67 GF Score: 34/100

Full Year 2021 Geox SpA Earnings Call Transcript

Feb 24, 2022 / 03:30PM GMT

Release Date Price: €0.851 (-14.04%)

Transcript

Operator

Ladies and gentlemen, welcome to the Geox Group Full Year 2021 Results Conference Call. (Operator Instructions) The call is chaired by Geox' Vice Chairman, Mr. Enrico Moretti Polegato; and the CEO, 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. Results for 2021 show a significant improvement over last year. Revenues are up double digit. Margins on sales are improving strongly. Operating costs are further reduced and financial position is improving. These are the first important results of the initiatives undertaken with the new strategic plan to make our business model more efficient, flexible and in line with the market trends.

Over the last 2 years, Geox has completed a major overhaul of its distribution factor exiting unprofitable and unstrategic activities and accelerating investments with higher added value. The start of 2022 is further consolidating this positive signals. As of today, Direct

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