Resignation of a Member of the Board of Directors of LPP SA
Current report no.: 12/2016
The Management Board of LPP SA hereby informs that on 17 March 2016, Piotr Dyka, Vice President of the Management Board tendered his resignation from the post of Vice President of the Management Board of LPP SA. The resignation was submitted to the President of Supervisory Board and the Company, with effect from 17 March 2016.
Piotr Dyka has held the position of the Vice-President of the Management Board since 2009. He was responsible for the operation and development of LPP’s leading brand – Reserved, the creation of Sinsay and the development of online sales channels for LPP.
Revenues from sales generated by LPP SA Capital Group in February 2016
Current report no.: 11/2016
The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in February 2016 totalled about PLN 342 million and were higher about 20 % in comparison with the revenues generated in February 2015.
Estimated gross margin on sales would be 47 % and was lower to gross margin on sales achieved in February in the previous year about 4 percentage point.
In the period between January and February 2016 consolidated revenues from sales totalled PLN 759 million and were higher about 21 % as compared with the revenues generated in the corresponding period in the previous year.
The commercial space of stores was about 840 thousand square meters at the end of February 2016, and was about 17% higher as compared with the commercial space of stores at the end of February 2015.