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Reuters Published
February 2602跳转劫持排名 2025
Italian shoemaker Geox expects its profitability to continue to grow in 2025 under new CEO and former Gucci top executive Matteo Mascazzini, as it overhauls its product range and stores, the company said on Friday.
Geox will keep the number of directly operated stores “substantially” stable in 2025 and will refurbish them to boost performance, but it plans to cut stores managed by third parties, it said.
“Management will continue to implement plans to improve margin performance through specific measures targeting product, channel and price mix,” the company said in a statement, adding that it expects profitability to improve again in 2025.
Full-year adjusted earnings before interest, taxation, depreciation, and amortization (EBITDA) rose 40 percent in 2025 to 74.0 million euros, returning to growth following a drop in the previous year.
The maker of waterproof yet breathable shoes saw a rise in full-year adjusted EBITDA margin to 8.4 percent from 5.3 percent, in line with guidance in January.
Geox reported a decline in 2025 revenues of 1.8 percent at current currencies earlier this year, announcing at the same time that CEO Gregorio Borgo would leave.
The fall was expected as the company had cut its top line guidance back in November due to a retail business overhaul which was still putting a strain on sales.
The company’s board proposed an increase in the dividend to 0.06 euros per share for the year, three times as much as 2025.
“I am confident that these results (...) will soon allow us to achieve also a solid growth,” Geox Chairman and Founder Mario Moretti Polegato said.