CR 50/2017 Selected preliminary consolidated financial data of LPP Capital Group for the third quarter of 2017

Current report no.: 50/2017

Date: 03.11.2017; 17:50

 

Selected preliminary consolidated financial data of LPP Capital Group for the third quarter of 2017         

                                                                       

The Management Board of LPP SA hereby announces selected preliminary consolidated financial data of LPP SA Capital Group:

1)    for the third quarter of 2017:

Sales revenues: PLN 1,813 million,

Gross profit on sales: PLN 889 million,

SG&A costs: PLN 775 million,

Operating profit (EBIT): PLN 103 million,

Net profit: PLN 85 million

 

2)    for period from 01.01.2017 till 30.09.2017:

Sales revenues: PLN 4,881 million,

Gross profit on sales: PLN 2,474 million,

SG&A costs: PLN 2,238 million,

Operating profit (EBIT): PLN 202 million,

Net profit: PLN 141 million

 

Selected balance sheet data as at 30.09.2017:

Inventories: PLN 1,637 million (approx. PLN 1,759/m2)

Loan liabilities: PLN 267 million

Cash: PLN 256 million

 

The increase in sales revenue in the third quarter of 2017 was 22% compared with the same period last year, for 9 months of 2017: 17%.

Sales in comparable stores (LFL) in local currencies in the third quarter of 2017 increased by 15.2%, and cumulatively for 9 months of 2017- increase by 8.8%.

Trade margin in the third quarter was 49.0% and was higher by 2.0 pp year-on-year, and cumulatively for 9 months of 2017: 50,7% – increase by 2.9 pp year-on-year.

Operating profit for the third quarter of 2017 amounted to PLN 103 million (PLN 5 million previous year),

and cumulatively for 9 months of 2017 amounted to PLN 202 million (PLN 27 million previous year).

The balance of financial income and expenses in the third quarter of 2017 and cumulatively for 9 months of 2017 was positive and amounted to respectively: PLN 11 million and PLN 10 million.

In the third quarter of 2017 LPP Capital Group recorded a net profit of PLN 85 million, for period from 01.01.2017 till 30.09.2017 net profit of PLN 141 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 for third quarter will be published on 21st November 2017.

CR 50 2017 – Selected preliminary consolidated financial data of LPP Capital Group for the third quarter of 2017

CR 49/ 2017 Revenues from sales generated by LPP SA Capital Group in October 2017

Revenues from sales generated by LPP SA Capital Group in October 2017    

                                                                                
Current report no.: 49/2017

Date: 02.11.2017, 10:49


The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in October 2017 totalled about PLN 657 million and were higher about 7% in comparison with the revenues generated in October 2016.

In the period between January and October 2017 consolidated revenues from sales totalled PLN 5 544 million and were higher about 16% as compared with the revenues generated in the corresponding period in the previous year.

Estimated gross margin on sales would be 61% and was higher to gross margin on sales achieved in October in the previous year about 1 percentage point.

The E-commerce revenues from sales in October 2017 totaled about PLN 35.7 mln and were higher about 67% in comparison October 2016. In the period January – October 2017 the E-Commerce revenues from sales totaled about 249 mln PLN and were higher by 106% year over year.

The commercial space of stores was about 957 thousand square meters at the end of October 2017, and was about 6% higher as compared with the commercial space of stores at the end of October 2016.

CR 49 2017 – Revenues from sales generated by LPP SA Capital Group in October 2017

CR 48/2017 Annex to a significant agreement

Annex to a significant agreement                                                                                                                                                                                                                            

Current report no: 48/2017

Date: 30 October 2017, 12:43 pm

  

The Management Board of LPP SA informs that, today, i.e. 30 October 2017, LPP SA and Raiffeisen Bank Polska SA have signed an annex to the to the credit limit agreement (multi-option credit line) dated 12 July 2002.

Upon the Company’s application, the total limit for utilising specific products has been decreased from PLN 280 mln to PLN 180 mln, and the period for utilising specific products has been prolonged as follows:

1)   overdraft – the agreement has been prolonged by 30 November 2018,

2)   revolving credit facility – the agreement has been prolonged by 29 November 2018,

3)   the limit for mobilising the guarantees for LPP SA and its subsidiaries – the agreement has been prolonged by 30 November 2020,

4)  the limit for opening letters of credit – the agreement has been prolonged by 29 November 2019.

The lines have been secured with a power of attorney to access the bank account of LPP SA and a blank promissory note.

CR 48 2017 – Annex to a significant agreement

CR 47/2017 Shareholders representing at least 5% of votes at the EGM of LPP SA as at 20 October 2017

Shareholders representing at least 5% of votes at the EGM of LPP SA as at 20 October 2017

           

Current report no.: 47/2017

Date: 20.10.2017, 13:48


The Management Board of LPP SA announces the list of shareholders holding more than 5% of votes at the EGM as at 20 October 2017:

1) Marek Piechocki 874 995 votes representing 35.45% of votes at the EGM and 27.1% of the total number of votes,

2) Jerzy Lubianiec 874 995 votes representing 35.45% of votes at the EGM and 27.1% of the total number of votes,

3) FORUM 65 FIZ 143 711 votes representing 5.82% of the number of votes at the EGM and 4.6% in the total number of votes,

4) NATIONALE-NEDERLANDEN OTWARTY FUNDUSZ EMERYTALNY 129 000 votes representing 5.23% of the number of votes at the EGM and 3.99% in the total number of votes.

CR 47 2017 – Shareholders representing at least 5% of votes at the EGM of LPP SA as at 20 October 2017

CR 46/2017 The Resolutions of the Extraordinary General Meeting of Shareholders of LPP SA

The Resolutions of the Extraordinary General Meeting of Shareholders of LPP SA            

Current report no.: 46/2017

Date: 20.10.2017, 13:45


The Management Board of LPP SA publishes the content of resolutions passed on 20 October 2017 by the Extraordinary General Meeting of Shareholders of LPP SA as an attachment to this report.

At the same time, the Issuer announces that decided to withdraw from the appointment of the Ballot Counting Committee from the agenda due to the voting by means of the electronic voting system.

CR 46 2017 – The Resolutions of the Extraordinary General Meeting of Shareholders of LPP SA

CR 46 2017 – Attachment Resolutions of the EGM of Shareholders of LPP SA

CR 45/2017 Changes in the composition of the Supervisory Board of LPP SA

Changes in the composition of the Supervisory Board of LPP SA

                       

Current report no: 45/2017

Date: 20.10.2017

Time: 10:21


The Management Board of LPP SA (Company, Issuer) informs that, on 20 October 2017, the Extraordinary General Meeting of LPP SA (EGM) dismissed, as of the same date, all previous members of the Company’s Supervisory Board, i.e. Jerzy Lubianiec, Maciej Matusiak, Wojciech Olejniczak, Krzysztof Olszewski and Dariusz Pachla.

Next, the EGM appointed the following persons as members of the Company’s Supervisory Board as of 20 October 2017: Magdalena Seku?a, Jerzy Lubianiec, Antoni Tymi?ski, Mi?osz Wi?niewski, Piotr Piechocki and Wojciech Olejniczak.

Changes in the Company’s Supervisory Board, made at the EGM, are aimed, in particular, at adjusting its composition to the requirements stemming from the Act on Statutory Auditors, Audit Companies and on Public Supervision, dated 11 May 2017, in respect of independence of members of the supervisory Board.  

The Issuer has enclosed to this report information on the education, qualifications and earlier positions as well as other information required by law and referring to the above-mentioned persons acting in a supervisory capacity.

CR 45 2017 – Changes in the composition of the Supervisory Board of LPP SA

CR 45 2017 – Attachment

CR 44/2017 Information on the transaction on the issuer’s shares

Information on the transaction on the issuer’s shares

                                                                                  
Current Report No.: 44/2017

Date: 19.10.2017; 14:08


The Management Board of LPP SA (hereinafter the Issuer, the Company) announces that on October 19, 2017, they received the notification of the transaction consisting in the disposal of shares of LPP SA by Mrs Alicja Mili?ska performing managerial responsibilities in the Company as The Chief Accountant.

The Company attaches the notification received to this report.

CR 44 2017 – Information on the transaction on the issuer’s shares

CR 44 2017 – Attachment Notification of transaction referred to in Article 19 Section 1 of MAR Regulation