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Italy shoemaker Geox halves net loss, appoints new CEO

Reuters
·1-min read
Geox shoes are seen in a shop in Rome

(Reuters) - Italian Shoemaker Geox reported on Friday a halving of its net loss to 6.5 million euros ($7.0 million) in 2023 from 13.0 million euros in 2022 and said it had appointed a new chief executive.

The producer of waterproof and breathable apparel and footwear said its annual earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 12.4% year on year to 89.0 million euros.

It has appointed Luxottica veteran Enrico Mistron as CEO, having reached a mutual separation agreement with Livio Libralesso, effective immediately.

($1 = 0.9233 euros)

(Reporting by Philippe Leroy Beaulieu; Editing by Kirsten Donovan)