CCC plans to reach PLN 800 mln by 2019

WSE-listed footwear retailer CCC will seek EBITDA of at least PLN 550 million in 2017, PLN 650 million in 2018 and PLN 800 million in 2019, according its managerial incentives program approved by the supervisory board, the company said in a market filing. “The program assumes the minimal thresholds for EBITDA that are conditions for launching tranches of the program, of PLN 550 million, PLN 650 million and PLN 800 million for 2017, 2018 and 2019 respectively,” the filing said. The EBITDA levels will be calculated excluding the cost of the incentives program. The program needs to be approved by the company's general meeting.