LPP sees 2018 capex at PLN 520 mln
23:04
WSE-listed fashion retailer LPP plans increasing capex by 18 percent in 2018 to PLN 520 million. The company also plans to expand the area of the stores by 11 percent.
"Our goal is to gradually increase the average area of stores of all brands to make room for more and more extensive collections that we want to display," LPP said.
The retailer aims at accelerating expansion in Europe (with the emphasis on South-East), continuing development in CIS countries and returning to growth in the Middle East.
In Q1 LPP net loss narrowed to PLN 105 million compared to PLN 117 million a year ago. Revenues grew to PLN 1.58 billion from PLN 1.36 billion in Q1 2017.
