CR 01/2019 Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2018 and for 2018

Current report no.: 01/2019 Date: 02.01.2019; 6.57pm Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2018 and for 2018   The Management Board of LPP SA hereby announces selected preliminary consolidated financial data of LPP SA Capital Group for the fourth quarter of 2018:

  • Sales revenues: PLN 2 366 million (increase by 10% y/y),
  • Gross profit on sales: PLN 1 415 million (increase by 13% y/y),
  • SG&A costs: PLN 940 million (increase by 9% y/y),
  • Operating profit (EBIT): PLN 420 million (increase by 12% y/y),
  • Sales in comparable stores (LFL) in local currencies in the fourth quarter of 2018 increased by 2.3%.

For period from 01.01.2018 till 31.12.2018:

  • Sales revenues: PLN 8 040 million (increase by 14% y/y),
  • Gross profit on sales: PLN 4 396 million (increase by 18% y/y),
  • SG&A costs: PLN 3 551 million (increase by 15% y/y),
  • Operating profit (EBIT): PLN 743 million (increase by 28% y/y),
  • Sales in comparable stores (LFL) in local currencies in 2018 increased by 7.2%,
  • At the end of 2018, retail space reached 1 091 thousand m2 (an increase by 9% y/y).

The Company informs that the presented financial data are an estimate and they may differ from the final financial result of the LPP CG for 2018, which is to be audited by a statutory auditor. The final financial result will depend on the occurrence of additional information which remains unknown at the time of preparing the estimate and on additional provisions made, if any, or write-offs at the end of the financial year. At the same time, the Management Board of LPP SA informs that a detailed financial report for 2018 will be published on 11 April 2019.   CR-01-2019-Selected-preliminary-consolidated-financial-data-of-LPP-Capital-Group-for-the-fourth-quarter-of-2018-and-for-2018

CR 02/2019 Dates of publication of periodic reports in 2019

Dates of publication of periodic reports in 2019

 

Current report no.: 02/2019

Date: 28.01.2019; 11.38 am

 

Basing on & 80.1 of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities dated 29 March 2018 (…) the Management Board of LPP SA informs about the filing deadlines for periodic reports in 2019:

  1. Annual report and consolidated annual report for 2018: 11.04.2019
  2. Semi-annual report for H1 2019: 12.09.2019
  3. Quarterly reports:

Extended consolidated report for Q1 2019: 28.05.2019

Extended consolidated report for Q3 2019: 19.11.2019

Basing on &62 of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities dated 29 March 2018 (…) the Management Board of LPP SA informs that individual quarterly reports and individual semi-annual report for H1 won’t be published. LPP SA will be publishing consolidated quarterly reports including quarter financial data and consolidated semi-annual report including abbreviated semi-annual financial report.

At the same time, according to § 79(2) of the Regulation, the Management Board of LPP SA informs that the Company will publish no consolidated quarterly report for Q4 2018 or the consolidated quarterly report for Q2 2019.

Additionally, the Management Board of LPP SA informs that the Company has changed its financial year which corresponded to the calendar year and started using a calendar year lasting from February do January. Consequently, the 2019 financial and fiscal year will commence on 1 January 2019 and end 31 January 2020, lasting 13 months. As of 1 February 2020, each upcoming financial year will last 12 subsequent months, ending on 31 January of next calendar year.

Therefore, in 2019, reporting periods will be as follows:

Q1 2019 – from 1 January to 31 March (3 months)

Q2 2019 – from 1 April to 30 June (3 months)

Q3 2019 – from 1 July to 30 September (3 months)

Q4 2019 – from 1 October to 31 January (4 months)

 

CR-02-2019-Dates-of-publication-of-periodic-reports-in-2019

CR 21/2018 Appointment of the entity authorised to audit financial statements

Appointment of the entity authorised to audit financial statements
CR no.: 21/2018

Date: 13.12.2018; 15:53

 

 

The Management Board of LPP SA (“the Company”) hereby announces that on 13 December 2018, the Supervisory Board of LPP SA, acting under section 35 of the Articles of Association of LPP SA and in accordance with applicable regulations, adopted a resolution on the appointment of the entity authorised to audit the Company’s financial statements.

The entity appointed under the resolution to audit and review separate financial statements of LPP SA and consolidated financial statements of LPP SA Group shall be Ernst & Young Audyt Polska Sp z o.o. spółka komandytowa its registered office in Warsaw, entered in the list of the National Council of Statutory Auditors under number 130.

In previous years, the Company used the services of Ernst & Young Audyt Polska Sp z o.o. spółka komandytowa (audit separate financial statements of LPP SA and consolidated financial statements of LPP SA for 2017 and 2018 and review separate financial statements of LPP SA and consolidated financial statements of LPP SA for 1H2017, 1H2018).

The Supervisory Board of LPP SA has authorised the Management Board to enter into, with the above-mentioned entity, an agreement for the audit of the annual financial statements of the Company and the Group for three accounting years (period from 01.01.2019 till 31.01.2022).

 

CR 21 2018 – Appointment of the entity authorised to audit financial statements