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LPP SALPP fashion maintains 2025 revenue target of PLN 23-24 bln with 53-54 pct gross margin
Listed fashion group LPP maintains its 2025 financial year target of around PLN 23-24 billion (EUR 5.4-5.6 bln) in revenue and a gross sales margin of 53-54 percent, the company said in its half-year report.
The group plans sales growth driven by traditional retail (through expanded space and positive like-for-like sales) and online channels. It expects to increase retail space by about 25-30 percent, focusing mainly on expanding Sinsay stores (around 1,100 locations).
Operating costs are planned at about 41-42 percent of sales.
Investment expenditures are set at PLN 3.1 billion (EUR 727.3 mln), with PLN 1.9 billion (EUR 445.7 mln) for stores. The company aims to keep a safe debt level.
Early third quarter results (Aug 1–Sep 21) showed positive customer reception to the Fall/Winter 2025 collection, driving positive like-for-like sales, 24 percent online sales growth year on year, and 22 percent group sales growth in constant currencies' year on year.
LPP lowered its sales target for 2025/26 from approximately PLN 25-26 billion (EUR 5.9-6.1 bln) to PLN 23-24 billion (EUR 5.4-5.6 bln) in June but kept the margin target at 53-54 percent.
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