FY22 RESULTS PRESENTATION
Livio Libralesso, CEO
9 March 2023
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
FY22 RESULTS EXECUTIVE SUMMARY
FY22 RESULTS
T OT A L S A L E S A T 7 3 6 M L N € ( + 2 0 . 8 %) D R I V E N B Y A P OS I T I V E G R O W T H I N A L L C H A N N E L S .
4 Q2 2 ( + 1 4 . 4 %) A B OV E E X P E C T A T I ON S D R I V E N B Y A S O U N D M A R K E T D E M A N D A N D A N I M P R OV I N G S U P P L Y C H A I N S I T U A T I O N
G R O S S M A R G I N A T 4 7 . 5 % ( + 8 0 B P S V S F Y 2 1 )
E B I T A T 4 . 3 M L N € ( - 4 4 . 9 M L N € I N F Y 2 1 )
P F N ( A N T E I F R S 1 6 ) A T - 4 9 . 8 M L N € ( - 6 4 . 3 M L N € I N F Y 2 1 )
N E T W OR KI N G C A P I T A L A T 7 7 M L N € ( 1 0 . 5 % O F T OT A L S A L E S v s 1 8 . 5 % I N F Y 2 1 )
CURRENT TRADING - 2023 UPDATE
D OS ( W 9 ) : L F L Y T D D OS M I D S I N G LE D I G I T P OS I T I V E V S 2 0 2 2 ( + 3 % V S 2 0 1 9 ) W I T H A N ON G O I N G I M P R O V E M E N T I N M A R KD O W N S
W H OL E S A LE : D OU B L E D I G I T G R OW T H F OR S S 2 3 A N D F W 2 3 I N I T I A L O R D E R I N T AK E S .
S U P P L Y C H A I N I S S U E S : S I T U A T I O N S T R ON G L Y I M P R OV E D I N T H E LA S T M ON T H S W I T H L E V E L O F S E R V I C E C LO S E T O P R E - P A N D E M I C L E V E L
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FY22 VS FY21/FY20 NET SALES BY CHANNEL - B&M AND ONLINE
DELTA '22 vs '21: +127 MLN€
PERIMETER EFFECT*: -7 MLN€
PERFORMANCE: +134 MLN€
+ 3 7 . 5 % | 736 | ||
+ 2 0 . 8 % | |||
609 | |||
535 | + 1 3 . 8 % | ||
B&M | |||
CHANNELS | 540 | ||
429
397
ONLINE | 138 | 180 | 196 |
CHANNELS | |||
2020 | 2021 | 2022 | |
% DOS CLOSED | 14% | 1% | |
FOR COVID 19 | 23% | ||
RESTRICTIONS |
SALES IN MLN€
- * RELATED TO DOS AND FRANCHISING STORES RATIONALIZATION (NET CLOSURES)
BREAKDOWN 2022 SALES
27% DIGITAL
73% B&M
D E LT A B Y C H A N N E L | ||
SALES BY CHANNEL | FY22 VS FY21 | FY22 - WEIGHT IN % |
WHOLESALE B&M | 24,4% | 30,2% |
FRANCHISING | 47,4% | 8,6% |
DOS B&M | 22,3% | 34,4% |
TOT. B&M CHANNELS | 25,7% | 73,2% |
WHOLESALE ONLINE | 15,3% | 20,1% |
DOS ONLINE | (6,1%) | 6,7% |
TOT. ONLINE CHANNELS | 9,1% | 26,8% |
TOTAL SALES | 20,8% | 100,0% |
FY22 VS FY19 RESULTS NET SALES AND PROFITABILITY
B&M
CHANNELS
ONLINE CHANNELS
DELTA '22 vs '19: -70 MLN€
PERIMETER EFFECT*: -70 MLN€
PERFORMANCE: FLAT
FY22 SALES IN LINE
WITH FY19 EXCLUDING
PERIMETER EFFECT
806
RETAIL PERIMETER EFFECT* | 736 |
669540
SHIFT FROM B&M TO ONLINE
137196
20192022
27
25
EBITDA**
ANTE IFRS 16
(mln€)
20192022E
EBIT** | 4 |
(mln€)
-3
20192022
DATA IN MLN€
- * RELATED TO DOS AND FRANCHISING STORES RATIONALIZATION (NET CLOSURES)
** EXCLUDING EXTRAORDINARY ITEMS IN FY19
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Geox S.p.A. published this content on 09 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2023 16:44:10 UTC.