Geox S.p.A. announced preliminary consolidated earnings results for the year ended December 31, 2017. For the year, the company’s net sales were EUR 884,529,000 against EUR 900,763,000 a year ago. The group balance sheet shows a net financial position of negative EUR 5.4 million strongly improving from negative EUR 35.9 million as of December 31, 2016. This result is mainly due to the profitability improvement, the strict control of the net working capital and in particular to the decrease of inventories. Capex as at December 31, 2017 was EUR 30 million, in line with 2016.