Geox records turnover decline of 6.5 percent in 2018

Geox S.p.A., said in a statement that consolidated sales in 2018 amounted to 827.2 million euros (939.8 million dollars), down 6.5 percent or 5.5 percent at constant forex. The company added that 2 percent sales increase was recorded in the last quarter of the year, driven by the 12 percent sales increase in 2018 and 22 percent in the fourth quarter, by the e-commerce channel. EBIT amounted to 5.4 million euros (6.1 million dollars) compared with 30.1 million euros in 2017 and EBITDA amounted to 38.3 million euros (43.5 million dollars) compared with 64 million euros in 2017. Adjusted EBITDA amounted to 48.2 million euros (54.7 million dollars) compared with 74 million euros in 2017.