Locked content LPP with 7% revenue growth y/y in October

Fashion retailer LPP has posted consolidated revenue from sales of PLN 657 million in October, marking a 7 percent increase y/y. For the January-October period, revenue amounted to PLN 5.544 billion, which is 16 percent higher than in the corresponding period of last year. Gross sales margin in Octo...

Locked content LPP to spend PLN 200 a year on R&D

Fashion retailer LPP wants to hire over 1,000 employees and spend nearly PLN 200 million a year on R&D, the company stated. “We want to have 2,000 people working on a variety of R&D project by the end of 2018,” said LPP’s CEO Marek Piechocki. The company also wants to allocate PLN 1.5 billio...

Locked content LPP, CCC September sales soar

WSE-listed shoe retailer CCC, saw its sales revenue in September increased by 51.6 percent reaching PLN 380.6 million, the company said in a market filing. Revenue for the period between January and September stood at PLN 2.83 billion and was 37.6 percent higher y/y. In the same month, WSE-listed fa...

Locked content LPP with PLN 557 mln revenue in August

WSE-listed fashion retailer LPP recorded consolidated revenue of PLN 557 million in August, which marks a 13 percent increase y/y, the company stated. For January-August 2017, revenue amounted to PLN 4.28 billion, a 15 percent increase y/y. Internet sales stood at PLN 18.3 million in August and were...

Locked content LPP confirms Q2 net profit

WSE-listed fashion retailer LPP recorded PLN 173.27 million consolidated net profit in Q2, compared to PLN 89.82 million profit a year earlier, the company reported in the report, confirming earlier estimates. Operating profit amounted to PLN 207.59 million, up by 140 percent y/y. Revenues increased...

Locked content LPP with PLN 173 mln profit in Q2

Clothes retailer LPP recorded net profit of PLN 173 million in Q2 2017, according to the company’s early estimates. Market consensus put the figure at PLN 156.4 million, according to PAP. The group’s consolidated revenue stood at PLN 1.705 billion in Q2, while gross profit from sales amounted to PLN...

Locked content LPP with PLN 651 million revenue in July

WSE-listed fashion retailer LPP recorded consolidated revenue of PLN 651 million in July, which marks a 22 percent increase y/y, the company stated. For January-July 2017, revenue amounted to PLN 3.72 billion, a 16 percent increase y/y. Internet sales stood at PLN 28.2 million in July and was 188 pe...

Locked content LPP expects 52-53% sales growth this year

WSE-listed fashion retailer LPP is committed to meet its 2017 targets. “We maintain a target of achieving 52-53 percent gross margin on sales and retail space growth of 11 percent,” company’s CFO Przemysław Lutkiewicz said. So far this year, the company increased its sales by 16 percent y/y (t...

Locked content LPP suffers PLN 117 mln Q1 net loss

WSE-listed fashion retailer LPP posted a PLN 117 million net loss in Q1 confirming preliminary results, down from PLN 65.5 million the year before. Revenues amounted to PLN 1.36 billion, a 16 percent increase y/y. Lfl sales grew by 4.6 percent, with the best results recorded in Hungary, Ukraine and ...

Locked content LPP with PLN 524 million revenue in April

Fashion retailer LPP recorded consolidated revenue of PLN 524 million in April, which marks an 11 percent increase y/y, the company stated. For January-April 2017, revenue amounted to PLN 1.886 billion, a 15 percent increase y/y. Internet sales stood at PLN 22.2 million in April and was 76 percent h...