Profil:
CCC SACCC footwear posts over PLN 1 bln net profit in 2024, historical high
Listed footwear and clothing group CCC generated the highest level of net profit in the history of its operations in 2024, reaching a net take of PLN 1.023 billion (EUR 239.9 mln), up by PLN 1.1 billion (EUR 257.95 mln) year on year. The group's aspiration for 2025 is PLN 12 billion (EUR 2.81 bln) in revenue and EBITDA margin of 20 percent, the group said in a market filing.
In the whole of 2024, the CCC group recorded historically record revenues of PLN 10.3 billion (EUR 2.4 bln), up by 9 percent year on year, with a gross margin higher by 4 percentage points year on year.
This allowed the group to generate an operating result of PLN 1.0 billion (EUR 234.5 mln), a year-on-year increase of more than 460 percent, and an EBITDA of PLN 1.6 billion (EUR 375.2 mln), up by 110 percent year on year.
"Last year was a time of intensive and profound changes for us within the group. On the one hand, we are pleased with the improved results, but this is certainly not our last word. In 2025, our aspiration is to reach PLN 12 billion in revenue and EBITDA margin of 20 percent," said the CEO of CCC Dariusz Milek, quoted in the market filing.
In the fourth quarter of 2024 alone (the period November 2024 - January 2025) CCC achieved a threefold increase in operating profit and nearly doubled the EBITDA result, reaching PLN 448 million (EUR 105.1 mln). The group reported an increase in revenue and a further strengthening of gross margin.
As the group reported, the work on high profitability at the CCC and HalfPrice brands continued successfully. A leap in operating profit and EBITDA was recorded by the Modivo group, primarily as a result of the focus on highly profitable sales and significant cost reductions resulting from the progressive integration with the CCC group.
The reported results for the fourth quarter differ slightly from the previously published preliminary results. As a result of the findings with the auditor, the recognition of a wholesale transaction has been postponed, which will conservatively be recognised in subsequent reporting periods when payments are made by customers.
The CCC group's revenues in the fourth quarter of 2024 amounted to PLN 2.7 billion (EUR 633.15 mln), an increase of 6 percent year on year. The CCC segment reported a 6 percent increase in revenue, with retail space growing by 1 percent.
In the fourth quarter, the CCC Group recorded a year-on-year increase in gross margin by 3 percentage points. Gross sales profit increased in every business line.
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