LPP with 18% revenue growth y/y in December

WSE-listed fashion retailer LPP has posted consolidated revenue from sales of PLN 893 million in December, marking an 18 percent increase y/y. For 2017, revenue amounted to PLN 7.03 billion, which is 17 percent higher than last year. Internet sales increased by 135 percent y/y to PLN 61 million in December. For the whole year, online sales increased by 111 percent and were equal to PLN 365 million. Moreover, the company said, that starting from January it will cease to publish its sales figure monthly with “various distortions of unexpected and one-off nature, such as changing weather conditions, or global rivals practices,” given as the reason for the decision. LPP has been listed on WSE since 2001. Its brand portfolio includes Reserved, Cropp, House, Mohito, and SiNSAY.