Conclusion of an agreement on cooperation
Current Report No.: 43/2016
Date: 08.08.2016; 15:37
The Management Board of LPP SA (the Issuer) hereby informs that on August 8, 2016 the Issuer and a company from Rapa Torg Group, based in Minsk (Belarus), signed an agreement on cooperation on a franchise basis. Under the agreement in the first half of 2017, the first RESERVED store in Belarus will be opened in Minsk Mall. The store with a floor area of approx. 2 thousand sq. m will offer the full range of products by the RESERVED brand. In the next two years, the Issuer plans to open up to three stores of the brand in the capital of Belarus. The conclusion of the above-mentioned agreement is part of the implementation of the strategy of LPP Capital Group assuming expansion into new markets, such as the countries of Western Europe, the Balkans, the Middle East as well as Belarus and Kazakhstan.
Current report no.: 42/2016
Date: 04.08.2016; 12:54
Selected preliminary consolidated financial data of LPP Capital Group for the second quarter and first half of 2016
The Management Board of LPP SA hereby announces selected preliminary consolidated financial data of LPP SA Capital Group.
The second quarter of 2016:
- Sales revenues: PLN 1,502 million,
- Profit from sales before tax: PLN 749 million,
- Other operating activities: PLN -12 million,
- SG&A expenses: PLN 651 million,
- EBITDA: PLN 152 million,
- Operating profit (EBIT): PLN 85 million,
- Financing activities: PLN 3 million,
- Gross profit: PLN 87 million,
- Tax: PLN -1 million,
- Net profit: PLN 89 million
The first half of 2016:
- Sales revenues: PLN 2,677 million,
- Profit from sales before tax: PLN 1 291 million,
- Other operating activities: PLN -22 million,
- SG&A expenses: PLN 1 246 million,
- EBITDA: PLN 151 million,
- Operating profit (EBIT): PLN 22 million,
- Financing activities: PLN -2 million,
- Gross profit: PLN 19 million,
- Tax: PLN -4 million,
- Net profit: PLN 24 million
Selected balance sheet data as at 30.06.2016:
- Inventories: PLN 1,444 million (approx. PLN 1,665/m2)
- Loan liabilities: PLN 859 million
- Cash: PLN 220 million
The calculations of these data have been made according to the current knowledge of the Management Board.
Please also note that a detailed financial report will be published on 30th August 2016 after the verification of all data by the auditor.
Revenues from sales generated by LPP SA Capital Group in July 2016
Current report no.: 41/2016
Date: 01.08.2016; 14:31
The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in July 2016 totaled about PLN 535 million and were higher about 21% in comparison with the revenues generated in July 2015.
Estimated gross margin on sales would be 38% and was lower to gross margin on sales achieved in July in the previous year about 8 percentage point.
In the period between January and July 2016 consolidated revenue from sales totaled about PLN 3 209 mln and were higher about 17% as compared with the revenue generated in the corresponding period in the previous year.
The E-commerce revenues from sales in July 2016 totaled about PLN 10 mln and were higher about 170% in comparison to July 2015.
In the period January – July 2016 the E-Commerce revenues from sales totaled about 78 mln PLN and were higher by 100% year over year.
The commercial area at the end of July 2016 was about 872 thousand of square meters and was about 12% higher as compared to the end of July 2015.