Appointment of new Management Board member
Current report no: 39/2015
The Management Board of LPP SA hereby informs that on 14 October the Supervisory Board of LPP SA appointed new Vice President of LPP SA Management Board – Mr S?awomir ?oboda.
S?awomir ?oboda born in 1965, he is a graduate of the Law Faculty at the University of Gdansk. In 1995, he passed his bar exam and became a legal counsel.
He has been involved in LPP SA since 1997. For many years, as a Managing Partner through the Krzy?agórska Podniesi?ski ?oboda i wspólnicy spó?ka cywilna law office, he had been providing legal services to the company. Since 2005, in addition to managing LPP SA legal services, he has been also responsible for the Lease and Investment Departments.
As a Vice-President of the Management Board, S?awomir ?oboda will be responsible for the development of LPP SA, i.e. for acquiring new retail space (Lease Department), for the construction of stores (Investments Department), as well as for the Legal Department.
During his cooperation with LPP SA, he has completed a number of significant projects, including the creation of a franchise network, taking the company public, a merger with Artman SA, the disposal of the Esotiq brand and the development of the company’s chain of stores.
S?awomir ?oboda does not carry on any competitive activity against the Company, he is not a shareholder or a member of any body of any competitive legal person. He is not entered in the Insolvent Debtors Register kept pursuant to the Act on the National Court Register
Revenues from sales generated by LPP SA Capital Group in September 2015
Current report no.: 38/2015
The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in September 2015 totalled about PLN 382 million and were lower about 3% in comparison with the revenues generated in September 2014.
Estimated gross margin on sales would be 58% and was lower to gross margin on sales achieved in September in the previous year about 5 percentage point.
In the period between January and September 2015 consolidated revenues from sales totalled PLN 3.548 million and were higher about 5% as compared with the revenues generated in the corresponding period in the previous year.
The commercial space of stores was about 792 thousand square meters at the end of September 2015, and was about 16% higher as compared with the commercial space of stores at the end of September 2014.