CR 01/2020 Selected preliminary consolidated financial data of LPP Capital Group for the fourth calendar quarter of 2019 and for the calendar year 2019

Current report no.: 01/2020

Date: 07.01.2020; 5.08 pm

Selected preliminary consolidated financial data of LPP Capital Group for the fourth calendar quarter of 2019 and for the calendar year 2019   

The Management Board of LPP SA hereby announces selected preliminary consolidated financial data of LPP SA Capital Group for the fourth calendar quarter of 2019:

  • Sales revenues: PLN 2 747 million (increase by 16% y/y),
  • Gross profit on sales: PLN 1 610 million (increase by 13% y/y),
  • SG&A costs: PLN 1 067 million (increase by 16% y/y),
  • Operating profit (EBIT): PLN 483 million (increase by 11% y/y),
  • Sales in comparable stores (LFL) in local currencies in the fourth quarter of 2019 increased by 2.1%.

For period from 01.01.2019 till 31.12.2019:

  • Sales revenues: PLN 9 137 million (increase by 14% y/y),
  • Gross profit on sales: PLN 4 880 million (increase by 11% y/y),
  • SG&A costs: PLN 3 894 million (increase by 10% y/y),
  • Operating profit (EBIT): PLN 876 million (increase by 16% y/y),
  • Sales in comparable stores (LFL) in local currencies in 2019 increased by 3.7%,
  • At the end of 2019, retail space reached 1 246.9 thousand m2 (an increase by 14% y/y).

At the same time, the Management Board of LPP SA informs that, due to the shifted financial year, the fourth accounting quarter of the 2019/20 financial year will, exceptionally, last 4 months, covering the period from the beginning of October 2019 to the end of January 2020.

Initial estimated results for the fourth accounting quarter of the 2019/20 financial year and for the entire 2019/20 financial year (from 1 January 2019 to 31 January 2020) will be made known on 3 February 2020 (Monday) upon closing of a trading session.

 

CR 01 2020 – Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2019 and for 2019

CR 05/2019 Selected preliminary consolidated financial data of the LPP CG for the first quarter of 2019

Selected preliminary consolidated financial data of the LPP CG for the first quarter of 2019
Current report no: 05/2019

Date: 1 April 2019

Time: 5.11 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 2019:

  • revenues: PLN 1 830 mln (increase by 16% y/y),
  • gross profit on sales: PLN 800 mln (increase by 12% y/y),
  • SG&A expenses: PLN 895 mln (increase by 9% y/y),
  • operating loss (EBIT): PLN 105 mln (as compared to operating loss of PLN 118 mln in 2018),
  • revenues in LFL stores (in local currencies) in the entire first quarter of 2019 increased by 11.4%,
  • at the end of the first quarter of 2019, retail space reached 1 086 thousand m2 (an increase by 8.5% y/y).

 

The said data has been calculated based on the current knowledge of the Management Board as at 1 April 2019 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 for the first quarter of 2019 will be published on 28 May 2019.

CR-05-2018-Selected-preliminary-consolidated-financial-data-of-LPP-Capital-Group-for-the-first-quarter-of-2019

CR /4/2019 Dividend information

Dividend information

Current report no: 04/2019

Date: 25 March 2019

Time: 5:03 pm

 

The Management of LPP SA with its registered office in Gdańsk informs that, on 25 March 2019, the Board decided to submit to the Supervisory Board and the Ordinary General Meeting of Shareholders the application for division of the Company’s net profit earned in the financial year ended 31 December 2018, in which the Board recommends a dividend to be disbursed in the amount of PLN 110 065 020.00, i.e. PLN 60.00 per share (the amount per share gives recognition to the assumed awarding by the Supervisory Board of LPP SA of shares as part of an incentive programme).

At the same time, in the said application, the Management Board of LPP SA suggests that the dividend date should fall on 18 June 2019, with the dividend payment date falling on 27 June 2019.

The above-mentioned application will be delivered to the Supervisory Board of LPP SA for opinion purposes as required under § 33(3) of the Company’s Articles of Association and Article 382(3) of the Commercial Companies Code and presented for consideration by the Ordinary General Meeting of Shareholders as required under Article 395(2)(2) of the Commercial Companies Code and § 33(1)(3) of the Articles of Association of LPP SA.

CR-04-2019-Dividend-information

CR 03/2019 Decision of the Management Board of LPP SA on the initiation of the procedure involving a merger with its subsidiary Gothals Ltd

Decision of the Management Board of LPP SA on the initiation of the procedure involving a merger with its subsidiary Gothals Ltd
Current report no: 03/2019

Date: 25 March 2019

Time: 5:00 p.m

 

The Management Board of LPP SA with its registered office in Gdańsk informs that, on 25 March 2019, the Board made a decision in respect of an intended cross-border merger of LPP SA with its single-member subsidiary Gothals Ltd. Following such merger, LPP SA will take over all the assets of Gothals Ltd, including rights to trademarks.

As assessed by the Management Board, the merger will contribute to the simplification of the structure of the LPP SA Capital Group.

At the same time, LPP SA brings attention to the fact that the finalising of the merger will require approvals to be granted by the Supervisory Board and the General Meeting of Shareholders.

CR-03-2019-Decision-of-the-Management-Board-of-LPP-SA-on-the-initiation-of-the-procedure-involving-a-merger-with-its-subsidiary-Gothals-Ltd

CR 01/2019 Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2018 and for 2018

Current report no.: 01/2019 Date: 02.01.2019; 6.57pm Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2018 and for 2018   The Management Board of LPP SA hereby announces selected preliminary consolidated financial data of LPP SA Capital Group for the fourth quarter of 2018:

  • Sales revenues: PLN 2 366 million (increase by 10% y/y),
  • Gross profit on sales: PLN 1 415 million (increase by 13% y/y),
  • SG&A costs: PLN 940 million (increase by 9% y/y),
  • Operating profit (EBIT): PLN 420 million (increase by 12% y/y),
  • Sales in comparable stores (LFL) in local currencies in the fourth quarter of 2018 increased by 2.3%.

For period from 01.01.2018 till 31.12.2018:

  • Sales revenues: PLN 8 040 million (increase by 14% y/y),
  • Gross profit on sales: PLN 4 396 million (increase by 18% y/y),
  • SG&A costs: PLN 3 551 million (increase by 15% y/y),
  • Operating profit (EBIT): PLN 743 million (increase by 28% y/y),
  • Sales in comparable stores (LFL) in local currencies in 2018 increased by 7.2%,
  • At the end of 2018, retail space reached 1 091 thousand m2 (an increase by 9% y/y).

The Company informs that the presented financial data are an estimate and they may differ from the final financial result of the LPP CG for 2018, which is to be audited by a statutory auditor. The final financial result will depend on the occurrence of additional information which remains unknown at the time of preparing the estimate and on additional provisions made, if any, or write-offs at the end of the financial year. At the same time, the Management Board of LPP SA informs that a detailed financial report for 2018 will be published on 11 April 2019.   CR-01-2019-Selected-preliminary-consolidated-financial-data-of-LPP-Capital-Group-for-the-fourth-quarter-of-2018-and-for-2018

CR 02/2019 Dates of publication of periodic reports in 2019

Dates of publication of periodic reports in 2019

Current report no.: 02/2019

Date: 28.01.2019; 11.38 am

 

Basing on & 80.1 of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities dated 29 March 2018 (…) the Management Board of LPP SA informs about the filing deadlines for periodic reports in 2019:

  1. Annual report and consolidated annual report for 2018: 11.04.2019
  2. Semi-annual report for H1 2019: 12.09.2019
  3. Quarterly reports:

Extended consolidated report for Q1 2019: 28.05.2019

Extended consolidated report for Q3 2019: 19.11.2019

Basing on &62 of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities dated 29 March 2018 (…) the Management Board of LPP SA informs that individual quarterly reports and individual semi-annual report for H1 won’t be published. LPP SA will be publishing consolidated quarterly reports including quarter financial data and consolidated semi-annual report including abbreviated semi-annual financial report.

At the same time, according to § 79(2) of the Regulation, the Management Board of LPP SA informs that the Company will publish no consolidated quarterly report for Q4 2018 or the consolidated quarterly report for Q2 2019.

Additionally, the Management Board of LPP SA informs that the Company has changed its financial year which corresponded to the calendar year and started using a calendar year lasting from February do January. Consequently, the 2019 financial and fiscal year will commence on 1 January 2019 and end 31 January 2020, lasting 13 months. As of 1 February 2020, each upcoming financial year will last 12 subsequent months, ending on 31 January of next calendar year.

Therefore, in 2019, reporting periods will be as follows:

Q1 2019 – from 1 January to 31 March (3 months)

Q2 2019 – from 1 April to 30 June (3 months)

Q3 2019 – from 1 July to 30 September (3 months)

Q4 2019 – from 1 October to 31 January (4 months)

 

CR-02-2019-Dates-of-publication-of-periodic-reports-in-2019

CR 21/2018 Appointment of the entity authorised to audit financial statements

Appointment of the entity authorised to audit financial statements
CR no.: 21/2018

Date: 13.12.2018; 15:53

 

 

The Management Board of LPP SA (“the Company”) hereby announces that on 13 December 2018, the Supervisory Board of LPP SA, acting under section 35 of the Articles of Association of LPP SA and in accordance with applicable regulations, adopted a resolution on the appointment of the entity authorised to audit the Company’s financial statements.

The entity appointed under the resolution to audit and review separate financial statements of LPP SA and consolidated financial statements of LPP SA Group shall be Ernst & Young Audyt Polska Sp z o.o. spó?ka komandytowa its registered office in Warsaw, entered in the list of the National Council of Statutory Auditors under number 130.

In previous years, the Company used the services of Ernst & Young Audyt Polska Sp z o.o. spó?ka komandytowa (audit separate financial statements of LPP SA and consolidated financial statements of LPP SA for 2017 and 2018 and review separate financial statements of LPP SA and consolidated financial statements of LPP SA for 1H2017, 1H2018).

The Supervisory Board of LPP SA has authorised the Management Board to enter into, with the above-mentioned entity, an agreement for the audit of the annual financial statements of the Company and the Group for three accounting years (period from 01.01.2019 till 31.01.2022).

 

CR 21 2018 – Appointment of the entity authorised to audit financial statements

CR 20/2018 Selected preliminary consolidated financial data of LPP Capital Group for the third quarter of 2018

                                                                                   
Current report no.: 20/2018

Date: 01.10.2018; 18:03

 

Selected preliminary consolidated financial data of LPP Capital Group for the third quarter of 2018     

                                                                                           


The Management Board of LPP SA hereby announces selected preliminary consolidated financial data of LPP SA Capital Group for the third quarter of 2018:

Revenues: PLN 2,050 million (increase by 13% y/y),

Gross profit on sales: PLN 1,050 million (increase by 18% y/y),

SG&A costs: PLN 910 million (increase by 17% y/y),

Operating profit (EBIT): PLN 125 million (increase by 21% y/y),

• Revenues in LFL stores (in local currencies) in the entire third quarter of 2018 increased by 3.6%,

• At the end of the third quarter of 2018, retail space reached 1 036 thousand m2 (an increase by 10% y/y).

For period from 01.01.2018 till 30.09.2018:

Revenues: PLN 5,680 million (increase by 16% y/y),

Gross profit on sales: PLN 2,987 million (increase by 21% y/y),

SG&A costs: PLN 2,622 million (increase by 17% y/y),

Operating profit (EBIT): PLN 319 million (increase by 58% y/y),

The said data has been calculated based on the current knowledge of the Management Board as at 1st October 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 20 November 2018.

CR 20 2018 – Selected preliminary consolidated financial data of LPP Capital Group for the third quarter of 2018

 

CR 19/2018 Information on the transaction on the issuer’s shares

Information on the transaction on the issuer’s shares

                                                                                  
Current Report No.: 19/2018

Date: 21.08.2018; 1:35 pm

 

The Management Board of LPP SA (hereinafter the Issuer, the Company) announces that on August 21, 2018, they received the notification of the transaction consisting in the acquisition of shares of LPP SA by persons discharging managerial responsibilities in the Company.

The Issuer attaches the notification received to this report.

CR 19 2018 – Information on the transaction on the issuer’s shares

Marek Piechocki

Przemys?aw Lutkiewicz

Jacek Kujawa

S?awomir ?oboda

CR 18/2018 Information on the dividend

Information on the dividend                                                                                                                                                                        
Current report no: 18/2018

Date: 17 August 2018

Hour: 14:48


With reference to CR 10/2018 of 25 May 2018, the Management Board of LPP SA informs that, as part of the incentive scheme adopted by Resolution no 21 of the Ordinary General Meeting of Shareholders of 19 June 2017, following the adoption of a resolution by the Supervisory Board of LPP SA on 11 May 2018, an offer has been made to participants of the incentive scheme (senior management officers), involving the exercise of their rights to acquire from the Company, in total, 117 shares in LPP SA (constituting part of treasury shares). Those shares were acquired by the participants of the incentive scheme on 16 August 2018 and, therefore, they acquired the right to receive the dividend (with the dividend date falling on 24 August 2018). Despite the acquisition of the said right, the additional 117 shares will not affect the value of the dividend per share (PLN 40.00).

CR 18 2018 – Information on the dividend