Italian shoemaker Geox SpA 's net profit fell 19% in the first nine months of the year, mainly due to lower sales and higher costs.

The company said its net profit fell to 72.4 million euros ($98.9 mm) from 89.7 million euros in the same period a year earlier.

Earnings before interest and taxes, or EBIT, in the nine months ended Sept. 30, fell 26% to 113.8 million euros ($155.4 mm) from 154.4 million euros a year earlier.

Geox said revenue dropped to 736.5 million euros  ($1.05 bn) from 780 million euros in the first nine months of last year.