CR 06/ 2018 Selected preliminary consolidated financial data of the LPP CG for the first quarter of 2018

Selected preliminary consolidated financial data of the LPP CG for the first quarter of 2018                                                                                            
Current report no: 06/2018

Date: 3 April 2018

Time: 6:54 p.m.

The Management Board of LPP SA announces to the public selected preliminary consolidated financial data of the LPP SA Capital Group for the first quarter of 2018:

• revenues: PLN 1 580 mln (increase by 16% y/y),

• gross profit on sales: PLN 710 mln (increase by 14.4% y/y),

• SG&A expenses: PLN 815 mln (increase by 13.3% y/y),

• operating loss (EBIT): PLN 115 mln (as compared to operating loss of PLN 109 mln in 2017),

• revenues in LFL stores (in local currencies) in the entire first quarter of 2018 increased by 9.2%,

• at the end of the first quarter of 2018, retail space reached 1 001 thousand m2 (an increase by 9.5% y/y).

The said data has been calculated based on the current knowledge of the Management Board as at 3 April 2018 and may change after the full closing of accounting books.

At the same time, the Management Board of LPP SA informs that a detailed financial report will be published on 17 May 2018.