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Geox (GEO) investor relations material

Geox H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary30 Jul, 2025

Executive summary

  • New CEO appointed to accelerate business plan execution amid challenging market conditions.

  • First phase of capital increase completed, raising €29.9–30 million to support refinancing and business plan.

  • Cost control and process simplification initiatives delivered operational efficiencies and improved margins.

  • H1 2025 sales reached €305.3 million, down 4.7% year-over-year, mainly due to US and China shutdowns.

  • Margins and profitability improved significantly compared to H1 2024, with adjusted EBIT turning positive.

Financial highlights

  • Net sales for H1 2025 at €305.3 million, down 4.7% year-over-year, or -1.9% excluding China and USA.

  • Adjusted EBITDA (pre-IFRS16) at €8.6 million, up from €4.0 million in H1 2024.

  • Adjusted EBIT at €0.6 million, up from -€5.5 million in H1 2024.

  • Adjusted net result improved to -€3.1 million from -€15.4 million in H1 2024.

  • Net financial position (pre-IFRS16) improved to -€100.5 million from -€112.7 million a year earlier.

Outlook and guidance

  • FY2025 guidance confirmed: mid-single-digit sales decline expected, with EBIT adjusted margin targets unchanged.

  • Persistent macroeconomic, geopolitical, and inflationary uncertainty continues to impact demand and projections.

  • Focus remains on cost reduction and process simplification for the next 6–12 months.

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Frequently asked questions

Geox S.p.A. is an Italian footwear and apparel company known for its breathable and waterproof products. The company’s proprietary technology incorporates innovative materials that allow moisture to escape while preventing water from entering, offering enhanced comfort and functionality. Geox designs, manufactures, and sells a variety of footwear, including casual, formal, and athletic shoes, as well as outerwear for men, women, and children. The company is headquartered in Biadene di Montebelluna, Italy, and its shares are listed on the Borsa Italiana.

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