Italian footwear retailer Geox S.p.A. posted first-quarter earnings that rose 38 percent to 72.5 million euros, or $94 million, from 52.5 million euros, or $66 million, last year — in line with company expectations.
Sales increased 29 percent to 315.2 million euros, or $413 million, from 245.3 million euros, or $306 million, in the year prior. Dollar figures are at the average exchange rate.
The firm said EDITDA jumped 38 percent to 118.2 million euros, or $155 million.
Footwear sales represented 95 percent of total sales, while apparel accounted for 5 percent.
Mario Moretti Polegato, chairman and founder, said during the second quarter he expects the group could reach earnings significantly above last year’s results.