CR 16/2017 Selected preliminary consolidated financial data of LPP Capital Group for the first quarter of 2017

Current report no.: 16/2017 Date: 28.04.2017; 17:41   Selected preliminary consolidated financial data of LPP Capital Group for the first quarter of 2017              The Management Board of LPP SA hereby announces selected preliminary consolidated financial data of LPP SA Capital Group: for the first quarter of 2017:
  • Revenues: PLN 1 362 million,
  • Gross profit on sales: PLN 621 million,
  • SG&A costs: PLN 719 million,
  • Operating loss (EBIT): PLN 109 million,
  • Net loss: PLN 117 million
Selected balance sheet data as at 31.03.2017:
  • Inventories: PLN 1 251 million (approx. PLN 1 381/m2)
  • Loan liabilities: PLN 628 million
  • Cash: PLN 281 million
The increase in revenue in the first quarter of 2017 was 16% compared with the same period last year. Sales in comparable stores (LFL) in local currencies in the first quarter of 2017 increased by 4,6%. Trade margin in the first quarter was 45,6% and was lower by 0.6 pp year-on-year. Operating loss for the first quarter of 2017 amounted to PLN 109 million. The balance of financial income and expenses in the first quarter of 2017 was negative and amounted to PLN 3 million. In the first quarter of 2017, LPP Capital Group generated a net loss of PLN 117 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 17th May 2017.   CR 16 2017 – Selected preliminary consolidated financial data of LPP Capital Group for the first quarter of 2017

CR 15/2017 The information on dividend

The information on dividend   Current report no.: 15/2017 Date: 26.04.2017; 14:25   The Management Board of LPP SA with its registered office in Gdansk hereby informs that on 26 April 2017 decided to submit to the Supervisory Board and the Annual General Meeting a proposal on the distribution of the net profit earned in the financial year ended on 31 December 2016, which recommends the payment of a dividend of amount PLN 65 631 268.00 i.e PLN 36.00 per share. The Management Board of LPP SA also states that the Company based on resolution No. 21 and 22 of the Annual General Meeting of the Company dated 27 June 2011 issued 21 300 warrants entitling to subscribe for the same number of shares in the share capital of the Company, out of which 13 132 warrants remained for implementation. In the case of the implementation of these powers before the dividend day value of the dividend per share would be PLN 35.74. The Management Board of LPP SA proposes in its request to establish the dividend date on 4 September 2017, and the dividend payment date on 20 September 2017. The proposal will be submitted for opinion to the Supervisory Board of LPP SA, as required by the provisions of § 33 paragraph. 3 of the Statute and of art. 382 § 3 of the Commercial Companies Code and presented for consideration by the Annual General Meeting of the Company, in accordance with Art. 395 § 2 point 2 of the Commercial Companies Code and § 33 paragraph. 1 point 3 of the Statute of LPP SA.   CR 15 2017 – The information on dividend

CR 14/2017 Revenues from sales generated by LPP SA Capital Group in March 2017

Revenues from sales generated by LPP SA Capital Group in March 2017        Current report no.: 14/2017 Date: 03.04.2017; 13:22   The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in March 2017 totalled about PLN 466 million and were higher about 12% in comparison with the revenues generated in March 2016. In the period between January and March 2017 consolidated revenues from sales totalled PLN 1 356 million and were higher about 15,5% as compared with the revenues generated in the corresponding period in the previous year. Estimated gross margin on sales would be 60% and was higher to gross margin on sales achieved in March in the previous year about 8 percentage point. The E-commerce revenues from sales in March 2017 totaled about PLN 19,3 mln and were higher about 63% in comparison to March 2016. In the period January – March 2017 the E-Commerce revenues from sales totaled about 54,3 mln PLN and were higher by 98,2% year over year. The commercial space of stores was about 913 thousand square meters at the end of March 2017, and was about 7% higher as compared with the commercial space of stores at the end of March 2016.   CR 14 2017 – Revenues from sales generated by LPP SA Capital Group in March 2017