Q4 2025 Geox SpA Earnings Call Transcript
Key Points
- Geox SpA (STU:GHH) successfully reduced net losses from EUR30 million in 2024 to EUR16 million in 2025.
- The company significantly decreased its bank debt by approximately EUR10 million, bringing it down to EUR92 million.
- Geox SpA (STU:GHH) implemented a thorough revision of its operating model, leading to a reduction in the cost base and improved efficiency.
- The company is leveraging its R&D and technological innovation capabilities, with new patented products contributing positively to the 2025 turnover.
- Geox SpA (STU:GHH) has partnered with a globally renowned design studio to enhance creativity and stylistic viability, particularly for the women's collection.
- Net sales declined by 8.3% compared to the previous year, with a significant impact from the winding down of operations in China and the U.S.
- The wholesale channel experienced a decline of EUR17.9 million, particularly in key markets like Italy, France, and Russia.
- Retail sales were down 3.3% year-on-year, with brick-and-mortar like-for-like performance declining by 1.8%.
- The company faced a decrease in traffic, impacting sales, attributed to overall economic conditions and global conflicts.
- Geox SpA (STU:GHH) anticipates a further decline in sales for 2026, expecting a low single-digit decrease compared to 2025.
Good evening. This is the Chorus Call conference operator. Welcome, and thank you for joining the Geox 2025 financial results conference call. (Operator Instructions) Let me introduce you today's call speakers, the Geox Group CEO, Mr. Francesco Di Giovanni; and the CFO, Mr. Andrea Maldi.
Geox would like to remind you that any forward-looking statements disclosed during the conference call involve risks, uncertainties and other factors that may cause actual results to differ significantly from what is expressed or implied. Many of these factors are beyond the group's control.
At this time, I would like to turn the conference over to Mr. Francesco Di Giovanni, CEO of Geox. Please go ahead, sir.
Thank you very much indeed. Good evening and thank you all for joining us. I took some notes because I didn't want to forget any significant comment on the 2025 results. So I might come across a bit less natural than I would love to.
Let me tell you, during 2025, we devoted
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