Geox closes FY24 with 7.8% decline in revenue

Geox S.p.A. closed 2024 with a 7.8% decline in revenue. "2024 proved to be a complex year for the group, marked by challenging market conditions that impacted the company's performance and sales volumes. The revenue decrease of approximately 56 million euro compared to the previous year was partially offset by careful and prudent cost and investment management, which led to significant savings of approximately 20 million in operating expenses," CEO Enrico Mistron emphasized in a statement. Group revenue totaled 664 million euro (710 million dollars, 554 million pounds), down 7.8 percent at current exchange rates and 7.1 percent at constant exchange rates compared to 2023.