Feb 24, 2022 / 03:30PM GMT
Operator
Ladies and gentlemen, welcome to the Geox Group Full Year 2021 Results Conference Call. (Operator Instructions) The call is chaired by Geox' 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
Welcome, everybody. Results for 2021 show a significant improvement over last year. Revenues are up double digit. Margins on sales are improving strongly. Operating costs are further reduced and financial position is improving. These are the first important results of the initiatives undertaken with the new strategic plan to make our business model more efficient, flexible and in line with the market trends.
Over the last 2 years, Geox has completed a major overhaul of its distribution factor exiting unprofitable and unstrategic activities and accelerating investments with higher added value. The start of 2022 is further consolidating this positive signals. As of today, Direct
Full Year 2021 Geox SpA Earnings Call Transcript
Mar 04, 2024
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