Geox S.p.A. (GXSBY) This fall 2025 Earnings Name Transcript

Operator

Good night. That is the Refrain Name convention operator. Welcome, and thanks for becoming a member of the Geox 2025 Monetary Outcomes Convention Name. (Operator Directions) Let me introduce you as we speak’s name audio system, the Geox Group CEO, Mr. Francesco Di Giovanni; and the CFO, Mr. Andrea Maldi.

Geox wish to remind you that any forward-looking statements disclosed in the course of the convention name contain dangers, uncertainties and different elements which will trigger precise outcomes to vary considerably from what’s expressed or implied. Many of those elements are past the group’s management.

Right now, I wish to flip the convention over to Mr. Francesco Di Giovanni, CEO of Geox. Please go forward, sir.

Francesco Di Giovanni
CEO & Director

Thanks very a lot certainly. Good night, and thanks all for becoming a member of us. I took some notes as a result of I did not need to overlook any important remark to the 2025 outcomes. So I would come throughout a bit much less pure than I might like to.

Let me inform you, throughout 2025, we devoted our efforts to strengthen the enterprise by pursuing an intensive revision of our working mannequin, which led to a major discount of the fee base, the advantages of which have already emerged in the course of the monetary yr simply ended. In a market setting, which continues to be impacted by materials contraction in consumption, which led to a gross sales decline of 5.3% versus the identical interval final yr on a comparable foundation. The initiatives we’ve got undertaken already delivered tangible outcomes.

Internet losses have been halved in comparison with 2024, standing at EUR 16