Key Developments: Geox SpA (GEO.MI)

GEO.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

GEOX SpA confirms FY 2014 outlook
Thursday, 31 Jul 2014 11:39am EDT 

GEOX SpA:Says, thanks to the expectations of a positive second half compared with the same period last year, management confirms the objectives set in the Business Plan for FY 2014 with an increase in revenues to around 800 million euros and a return to break-even at EBIT level.FY 2014 revenues at 798.04 mln euros, EBIT at 0.40 mln euros-Thomson Reuters I/B/E/S.  Full Article

GEOX SpA confirms FY 2014 targets
Thursday, 15 May 2014 11:44am EDT 

GEOX SpA:Confirms the FY 2014 targets thanks to the growth of the Fall/Winter 2014 wholesale channel.Expects for FY 2014 around 800 million euros sales with the EBIT returning to break-even.FY 2014 revenues at 788.37 mln euros, EBIT at 1.17 mln euros-Thomosn Reuters I/B/E/S.  Full Article

GEOX SpA issues fiscal year 2014 sales and EBIT guidance
Thursday, 6 Mar 2014 11:40am EST 

GEOX SpA:Says it presented the company's 2014-2016 Business Plan.Sees for fiscal year 2014 an estimated increase in sales to 800 million euros with the operating result (EBIT) returning to break-even.  Full Article

GEOX SpA Issues FY 2014-2015 Turnover Guidance In-Line With Analysts' Estimates; Issues FY 2016 Revenues, EBITDA and EBIT Guidance
Friday, 15 Nov 2013 06:54am EST 

GEOX SpA announced that it has issued the Company's new Strategic Plan for fiscal years 2014-2016 and expects growth in net sales at an average annual rate of 9% (2013-2016). The Group is expected to achieve a turnover of around EUR 805 million in fiscal year 2014, EUR 887 million in fiscal year 2015 and EUR 985 million in fiscal year 2016. The Company also expects a steady improvement in profitability that will come to around EUR 110 million in 2016 in terms of EBITDA, approximately 11% of turnover and around 7% of sales in terms of EBIT. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenues for fiscal year 2014 of EUR 789.40 million and for fiscal year 2015 of EUR 846.38 million.  Full Article

GEOX SpA Comments on FY 2013 Guidance
Thursday, 14 Nov 2013 05:42pm EST 

GEOX SpA announced that the Management assumes a decline in sales for the 2013 fiscal year-end, compared to the previous year, in the order of 6.5-7%, depending largely on the actual performance of comparable sales and re-orders in the fourth quarter. In terms of profitability, the management assumes for fiscal year 2013 an EBITDA% at about 3-3.5%. The actual trend of sales, D&A estimated at about EUR 42 million for the full fiscal year 2013 and non-recurring extraordinary expenses, already fully recorded in the first nine months of operations related to reorganization, rationalization and impairment of fixed assets (asset impairment) will lead to an operating loss for the year-end of about 4.5-5% which will decrease in term of net loss with a percentage on sales of about 4%. For fiscal year 2012 the Company reported revenues of EUR 807.62 million and according to I/B/E/S Estimates, analysts on average are expecting the Company to report for fiscal year 2013 revenues of EUR 760.40 million.  Full Article

GEOX SpA Comments On H1 2013 Revenue Guidance; Issues FY 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
Friday, 17 May 2013 11:45am EDT 

GEOX SpA announced that for the first half of 2013, it expects sales to be down high single, low teens depending on the like for like, but wholesale channel we expect the low 20s declines. For fiscal 2013 it expect consolidated sales down middle single digit. The Company reported revenues of $808 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $779 million for fiscal 2013.  Full Article

GEOX SpA Approves and Updates on FY 2012 Dividend
Wednesday, 17 Apr 2013 11:43am EDT 

GEOX SpA announced that it has approved the distribution of the dividend for fiscal year 2012 equal to EUR 0.06 per share. The total amount for the distribution of the dividends is approximately EUR 15.6 million. Ex-dividend date on May 20, 2013, record date May 22, 2013 and payment date May 23, 2013.  Full Article

GEOX SpA to Propose Dividend Distribution for FY 2012
Wednesday, 6 Mar 2013 11:38am EST 

GEOX SpA announced that the Board of Directors has decided to propose to the Shareholders' Meeting the distribution of a dividend for fiscal year 2012 of EUR 0.06 per share. The cash dividend will be payable on May 23, 2013 (with record date of May 20, 2013). For fiscal year 2011, the Company approved the distribution of a gross dividend of EUR 0.16 per share.  Full Article

GEOX SpA Sees FY 2012 Revenue Guidance At Bottom Part Of Prior Range-Conference Call
Thursday, 8 Nov 2012 05:30pm EST 

GEOX SpA announced that fiscal 2012 guidance was consolidated sales down mid to high single-digit. The Company now expects topline to be in the bottom part of the bracket. The Company reported for fiscal year 2011 revenues of EUR887.27 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of EUR828 million for fiscal 2012.  Full Article

GEOX SpA Appoints Mr. Giorgio Presca as New Chief Executive Officer
Friday, 28 Sep 2012 02:52pm EDT 

GEOX SpA announced that the Board of Directors of Geox has co-opted Mr. Giorgio Presca onto the Board and appointed him as new Chief Executive Officer of the Company. Mr. Giorgio Presca already served in the Company as Chief Executive Marketing & Product Development.  Full Article

Geox Q1 net drops 47 pct, confirms FY guidance

MILAN, May 15 - Italian shoemaker Geox reported on Thursday a 47 percent drop in its first-quarter net profit but stuck to its revenue forecast for the year and said it still expects to break even at the operating level.

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