Profil:
LPP SALPP fashion share price up 2.8 pct, WIG20 up 0.4 pct at 9:15 local time
Listed fashion group LPP's share price rose by around 2.8 percent to PLN 14,825 (EUR 3,476.5), with the large-cap WIG20 index up by 0.4 percent at around 9:15 local time.
LPP posted a net profit of PLN 334 million (EUR 78.3 mln) for the parent company in the first quarter of the 2025/26 financial year, i.e. from February to the end of April 2025, up from PLN 276 million (EUR 64.7 mln) in the prior year period. The result was above the market expectations as analysts surveyed by PAP Biznes had expected a profit of PLN 250.7 million (EUR 58.8 mln).
LPP expects around PLN 23-24 billion (EUR 5.4-5.6 bln) in sales and 53-54 percent gross margin in the entire financial year 2025/26. In April, the group anticipated that its revenues would be around PLN 25-26 billion (EUR 5.9-6.1 bln). The group's annual plans will be affected by the results for the second quarter.
pam/ ao/