Geox Shares Down 9% As Co Says Winter/Fall Order Backlog Down 13%
May 14 2009 - 7:05AM
Dow Jones News
Shoe retailer Geox SpA's (GEO.MI) shares fell nearly 9% Thursday
after the company said its current fall/winter 2009 order backlog
is down 13%.
Earlier Thursday, Geox, best known for its rubber-soled
footwear, said net profit fell to EUR72.4 million from EUR79.1
million a year earlier.
In the full-year 2008, Geox reported EUR892.5 million in
sales.
It said it expects full-year revenue to be in line with a year
earlier.
The news about the slump in the order backlog send the shares
down. At 1026 GMT, Geox shares were trading down 8.6% at EUR5.46,
against Milan's S&PMib index, which was down 1.8%.
Company Web site: www.geox.com
-By Sofia Celeste, Dow Jones Newswires; +39 06 69766923;
sofia.celeste@dowjones.com
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