CR 10/2017 Annex to the master agreement

Annex to the master agreement


Current report no: 10/2017

Date: 27.02.2017; 16:43

 

The Management Board of LPP SA informs that on February 27th, 2017 LPP SA and BGŻ BNP Paribas SA  signed an annex to the multi purpose line of credit agreement concluded on 14 April 2004.

Under this annex, the current utilization period of this limit was extended to 30 January 2018.

As per the said agreement, LPP SA benefits from a limit of PLN 330 mln, which may be utilised as:

– overdraft up to PLN 330 mln to be utilised by 30 January 2018,

– letter of credit line up to PLN 330 mln with a 12-month tenor,

– guarantee credit line up to PLN 60 mln with a 12-month tenor.

The total value of all products may not exceed the allocated limit of PLN 330 mln.

The total amount of limit was not changed.

The Issuer makes the above mentioned information public due to the fact that, in its opinion, the value of the agreement meets the criteria for deeming it a significant agreement.

 

CR 10 2017 – Annex to the master agreement

CR 09/2017 Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2016

Current report no.: 09/2017

Date: 10.02.2017; 16:59

 

Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2016

The Management Board of LPP SA hereby announces selected preliminary consolidated financial data of LPP SA Capital Group:

  • for the fourth quarter of 2016:
  • Revenues: PLN 1,855 million,
  • Gross profit on sales: PLN 943 million,
  • SG&A costs: PLN 699 million,
  • Operating profit (EBIT): PLN 202 million,
  • Pre-tax profit: PLN 180 million,
  • Net profit: PLN 158 million

 

  • for period from 01.01.2016 till 31.12.2016:
  • Revenues: PLN 6,021 million,
  • Gross profit on sales: PLN 2,935 million,
  • SG&A costs: PLN 2,608 million,
  • Operating profit (EBIT): PLN 229 million,
  • Pre-tax profit: PLN 197 million,
  • Net profit: PLN 176 million

 

Selected balance sheet data as at 31.12.2016:

  • Inventories: PLN 1,165 million (approx. PLN 1,278/m2)
  • Loan liabilities: PLN 510 million
  • Cash: PLN 366 million

 

The increase in revenue in the fourth quarter of 2016 was 18% compared with the same period last year. Sales in comparable stores (LFL) in local currencies in the fourth quarter of 2016 increased by 5.1%, and cumulatively for the four quarters of 2016 by 6.4%.

Trade margin in the fourth quarter was 50.9% and was lower by 4.4 pp year-on-year due to a one-off operation involving the wholesale of old collections on stock to an external recipient.

Operating profit for the fourth quarter of 2016 amounted to PLN 202 million.

The balance of financial income and expenses in the fourth quarter of 2016 was negative and amounted to PLN 22 million.

In the fourth quarter of 2016, LPP generated a net profit of PLN 158 million.

 

The calculations of these data have been made according to the current knowledge of the Management Board.

Please also note that a detailed financial report will be published on 23th February 2016.

 

CR 09 2017 – Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2016

CR 08/2017 Admission of the series L LPP SA shares to the GPW main market

Admission of the series L LPP SA shares to the GPW main market       


Current report no.: 08/2017

Date: 04.02.2017; 16:52

 

The Management Board of LPP SA hereby informs that on 03 February 2017 the company received Resolution No. 99/2017 issued by the Management Board of the Warsaw Stock Exchange on 03 February 2017, according to which 4,084 (four thousand and eighty four) series L LPP SA bearer shares, with a nominal value of 2 (two) each, has been admitted to trading.

It was concluded that the aforementioned 4,084 series L shares should be listed to the exchange trading on the main market on 8 February 2017, provided that on the same day the National Depository for Securities registers these shares and marks them with “PLLPP0000011” code.

The resolution came into force on the date of its adoption.

 

CR 08 2017 – Admission of the series L LPP SA shares to the GPW main market

CR 07/2017 Revenues from sales generated by LPP SA Capital Group in January 2017

Revenues from sales generated by LPP SA Capital Group in January 2017   


Current report no.: 07/2017

Date: 01.02.2017; 13:48

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in January 2017 totaled about PLN 508 million and were higher about 22% in comparison with the revenues generated in January 2016.

Estimated gross margin on sales would be 35% and was lower to gross margin on sales achieved in January in the previous year about 7 percentage point. The value of the margin has been significantly influenced by intensive clearance sales of the AW16 collection in the reporting period, with a slight participation of a new collection in those sales. As compared to the preceding year, in which the spring collection was introduced to stores already at the beginning of January, this year it was introduced at the end of that month.

The E-commerce revenues from sales in January 2017 totaled about PLN 22.7 mln and were higher about 200% in comparison to January 2016.

The commercial area at the end of January 2017 was about 910 thousand of square meters and was about 8% higher as compared to the end of January 2016.

 

CR 07 2017 – Revenues from sales generated by LPP SA Capital Group in January 2017

CR 06/2017 Master agreement

Master agreement    


Current report no: 06/2017

Date: 31.01.2017; 12:05

 

The Management Board of LPP SA informs that, in connection with a multi-option credit line agreement concluded with BGŻ BNP Paribas SA on 14 April 2004, today it has been notified of the prolongation of credit availability for the current utilisation period until 28 February 2017.

 

Under the said agreement, LPP SA benefits from a limit of PLN 330 mln, which may be utilised as:

– overdraft up to PLN 330 mln to be utilised by 28 February 2017,

– letter of credit line up to PLN 330 mln with a 12-month tenor,

– guarantee credit line up to PLN 60 mln with a 12-month tenor.

The total value of all products may not exceed the allocated limit of PLN 330 mln.

During the next month the Company intends to sign an annex to the credit line agreement dated 14 April 2004 with BGŻ BNP Paribas SA, prolonging its utilisation period for a subsequent year.

 

The Issuer makes the abovementioned information public due to the fact that, in its opinion, the value of the agreement meets the criteria for deeming it a significant agreement.

 

CR 06 2017 – Master agreement