LPP once again hailed leader in WIG30 companies’ communication with the market
LPP won first place in the WIG30 investor relations survey for the second time in a row. The winning result consisted of the highest rating awarded by financial institutions and a third place in the individual investor voting. Thus, the company confirmed its leading position as regards communication with the market. The investor relations survey conducted for the seventh time by Parkiet and Izba Domów Maklerskich [the Chamber of Brokerage Houses] is the biggest initiative of this sort in Poland.
The survey of companies’ communication with the market aims to raise the standards of investor relations of companies listed on the Warsaw Stock Exchange and to support the development of the domestic capital market. The annual survey of 30 biggest listed companies with the best liquidity in Poland consists of two parts – a survey among institutional investors and analysts and an online poll for individual investors. In the current, seventh edition, LPP from Gdańsk was hailed leader in the general ranking for the second time in a row. The company has been ranked in the top three for years.
– Our recipe for building good investor relations has for years been based on the fundamental principles of the capital market: transparency and equal access to information for all shareholders, as well as the efficiency and quality of information provided. Last year was full of challenges and required the Management Board to make many strategic decisions – as a listed company, we felt obliged to keep the market informed about them on an ongoing basis. In our opinion, this is the foundation of investor relations based on trust and reciprocity – says Magdalena Kopaczewska, Head of Investor Relations, LPP.
LPP, recognised by representatives of financial institutions as the company which communicates best with the market, achieved 4.92 out of 6 points, with the average of 4.1 points, and took first place in this part of the survey. In the small investors’ assessment, the company was ranked third – with a score of 3.7 points, with the average of 3 points.
More than a thousand people took part in this year’s survey, and the number of ratings exceeded 17 thousand. Representatives of 19 different financial institutions took part in the survey, including funds and brokerage houses (analysis departments), whose votes proved decisive for LPP’s victory in the overall ranking.
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LPP is a Polish family business and one of the fastest growing clothing companies in the region of Central and Eastern Europe. For over 25 years it has been successfully operating in Poland and abroad, offering its collection in traditional stores already on 25 markets, including in such prestigious capitals as London, Berlin, Tel Aviv or Moscow. LPP SA manages five fashion brands: Reserved, Cropp, House, Mohito, and Sinsay. The company has a chain of over 1800 stores with the total area of over 1.3 million sq.m. The online offer of the brands collections is available on 29 markets. On the basis of a global supply chain, the Polish clothing producer distributes over 265 million pieces of clothing to three continents. LPP also plays an important role as it employs over 24 thousand people in its offices and sales structures in Poland, Europe, Asia, and Africa. The company is listed on the Warsaw Stock Exchange in the WIG20 index and belongs to the prestigious MSCI Poland index.