LPP with 7% revenue growth y/y in October

Fashion retailer LPP has posted consolidated revenue from sales of PLN 657 million in October, marking a 7 percent increase y/y. For the January-October period, revenue amounted to PLN 5.544 billion, which is 16 percent higher than in the corresponding period of last year. Gross sales margin in October stood at 61 percent, 1 pp more than in October 2016. Internet sales increased by 67 percent y/y to PLN 35.7 million in October. For the first ten months of 2017, online sales increased by 106 percent and were equal to PLN 249 million. LPP has been listed on WSE since 2001. Its brand portfolio includes Reserved, Cropp, House, Mohito and SiNSAY.