LPP profit falls in Q4, revenue up

WSE-listed clothing retailer LPP had PLN 158.2 million in Q4, down from PLN 172.3 million year-on-year. The revenue amounted to PLN 1.85 billion in Q4, which is a 17.8 percent growth y/y. For the whole year, the company had PLN 175.9 million in profit (8.2 q/q and 49.9 percent y/y decline) and PLN 6.02 billion in revenue (17.8 q/q and 17.4 percent y/y growth) Q4 like-for-like sales rose by 5.1 percent and were positive for all LPP brands. Sales per sqm were up by 7.8 percent to PLN 680. 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.