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.