LPP posts PLN 117 mln net loss in Q1 - preliminary results

WSE-listed fashion retailer LPP posted a net loss of PLN 117 million in Q1 2017, the company said in a market filing with preliminary results. Revenues were up by 16 percent y/y to PLN 1.36 billion, while LfL sales were up by 4.6 percent. EBITA stood at negative PLN 109 million. LPP is a Polish clothing retailer, which manages brands like Reserved, Cropp, House, Mohito, SiNSAY and Tallinder. It has been listed on the WSE since 2001.