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

Q3 2022 Geox SpA Corporate Sales Call Transcript

Nov 09, 2022 / 04:40PM GMT

Release Date Price: €0.834

Transcript

Operator

Ladies and gentlemen, welcome to the Geox Group Third Quarter 2022 Results Conference Call. (Operator Instructions) After the presentation, there will be an opportunity to ask questions. (Operator Instructions) The call is chaired by Geox's 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

Good morning and afternoon, everybody. 9-month '22 results show a significant improvement over '21. Revenues are up 23% with double-digit increases across all distribution channels and major geographical areas. Comparable sales for Geox shops were also up in the third quarter compared to 2019. These are the first important results of Phase 2 of our strategic plan, the growth phase.

After the major rationalization and cost efficiencies carried out in 2020, 2021, we now have more resources to invest in the activities most relevant to the business, such as product innovation and

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