CCC wants to 'catch up' with sales level from 2019

WSE-listed footwear manufacturer CCC Group hopes that despite the pandemic it will manage to repeat the level of sales turnover recorded in 2019, the chairman of the supervisory board, Dariusz Miłek, informed.

"Our task is to catch up with the revenues from 2019 and at the moment we are in the minus by a few percent. However, the fourth quarter is the most important quarter for us, as well as for the entire footwear industry, and we are prepared for it, all products are in place, settled and paid,” Miłek said.

The company's consolidated sales revenues reached PLN 5.84 billion in 2019. In the first half of In 2020, revenues amounted to 2.18 billion (compared to PLN 2.4 billion a year earlier), and in Q3 this year – according to preliminary data – they increased by 4 percent y/y to PLN 1.5 billion.

However, the company does not rule out possible store closures, especially in shopping centers, if the situation related to the coronavirus worsens.

"We are waiting if the LFL will improve, and we are also talking about the number of visitors in shopping centers, and whether this trend in e-commerce will remain constant. When it comes to 'traffics', they are burdened with great fear, because not everything works as it is necessary, for example, cinemas do not work and if necessary, we will follow this trend,” Miłek added.

According to the company's representatives, CCC is prepared for the development of various situations  related to the pandemic.

(ISBnews)