GEOX S.P.A. FY21 RESULTS PRESENTATION
Livio Libralesso, CEO
DISCLAIMER
FIGURES ARE REPORTED UNDERIAS/IFRS. CERTAIN STATEMENTS MADE IN
THIS PRESENTATION ARE FORWARD LOOKING STATEMENT. SUCH STATEMENTS
ARE BASED ON CURRENT EXPECTATIONS AND ARE SUBJECT TO A NUMBER OF
RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM ANY EXPECTED FUTURE RESULTS IN FORWARD LOOKING
STATEMENTS.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION TO
UNDERWRITE, SUBSCRIBE FOR OR OTHERWISE ACQUIRE OR DISPOSE OF ANY
GEOX S.P.A. SHARES. ANY REFERENCE TO PAST PERFORMANCE IS NOT A
GUIDE TO FUTURE PERFORMANCE.
2
FY21 RESULTS EXECUTIVE SUMMARY
FY21 RESULTS
T OT AL S ALES AT 6 0 8 . 9 MLN € ( + 1 3 . 8 %) DRIVEN BY WH OLES A L E AN T T H E PROGR ES S I V E RE -
OPEN IN GS OF T H E N ET WORK FROM 3 Q2 1
GROS S MARGIN AT 4 6 . 7 % ( + 3 3 0 BPS VS FY2 0 * )
EBIT a t - 4 4 . 9 MLN € ( - 1 2 3 . 7 MLN € IN FY2 0 * )
PFN ( AN T E IFRS 1 6 ) AT - 6 4 . 3 MLN € ( - 9 9 . 8 MLN € IN FY2 0 )
N ET WORKIN G C APIT AL AT 1 1 2 MLN € ( 1 8 . 5 % OF T OT AL S ALES vs 3 3 . 2 % IN FY2 0 )
CURRENT TRADING - 2022 UPDATE
DOS ( W7 ) : LFL YT D DOS + 4 4 % VS 2 0 2 1 ( - 3 . 5 % VS 2 0 1 9 ) WIT H A RELEV AN T IMPROV E M EN T
IN MARKD OW N S
WH OLES A L E : S T RON G GROWT H FOR S S 2 2 IN IT IAL ORDER IN T AKE ( + 2 5 %) .
DOUBL E DIGIT GROWT H FOR FW2 2 IN IT IAL ORDER IN T AKE ( N OT YET C ON C LUD E D) C LOS E
T O REAC H FW1 9 LEVE L
IS S UES ON S UPPLY C H AIN C ON S T RAIN T S WILL IMPAC T ALS O 1 Q2 2 . S IT UAT ION IS
EXPEC T E D T O GRADU A L L Y IMPROV E T H ROUGH O UT T H E YEAR
ELLE RUSSIA, DECEMBER 2021
3
* FY20 RESTATED DUE TO THE DISPOSAL OF THE SERBIAN PLANT IN 2021
2019 -2021 DISTRIBUTION NETWORK RATIONALIZATION
DISTRIBUTION
AGREEMENTS
FRANCHISING
DOS
PADUA, NEW DOS OPENING IN 2021
GEOX STORES EVOLUTION*
974
135867
135768
114
385
322
304
454 | 410 | 350 |
2019 | 2020 | 2021 |
PERIMETER EFFECT
2021 VS 2020
- 9 9 S T ORES
( - 1 8 MLN € IN T ERMS
OF S ALES )
2021 VS 2019
- 2 0 6 S T ORES
( - 7 1 MLN € IN T ERMS OF S ALES )
4 * FOR MORE DETAILS, SEE ANNEX 2
- DOS OPEN*
-
DOS
CLOSED*
COVID-19IMPACTS DOS LFL AND STATUS EVOLUTION
FY21 | ||
CURRENT | ||
LFL +23% | TRADING | |
53%
56% | 44% |
7%
15% | ||||||||||||||
23% | 20% | |||||||||||||
-15% | 2% | |||||||||||||
-20% | 51% | -16% | ||||||||||||
-40% | 34% | |||||||||||||
LFL IN % | -59% | |||||||||||||
1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 TO DATE |
DOS CLOSED FOR COVID-19 | DOS CLOSED FOR COVID-19 | |||
DOS CLOSED FOR | ||||
AVG: 23% | AVG: 14% | COVID-19 | ||
AVG: 0% | ||||
5 *NUMBER OF DOS CLOSED/OPEN DIVIDED BY TOTAL NUMEBER OF DOS ON DAILY BASIS. FOR MORE DETAILS, SEE ALSO ANNEX 3
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Geox S.p.A. published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 15:36:13 UTC.
