Profil:
LPP SALPP fashion wants to double its revenue to PLN 40 bln within three years
With the expansion of its stationary network to around 7,500 shops and an increase in e-commerce sales to PLN 10 billion (EUR 2.4 bln), listed fashion group LPP aims to scale its business and double revenues to PLN 40 billion (EUR 9.6 bln) within three years, the company said in its new strategy.
"In the next three years, we intend not only to double our revenues to PLN 40 billion, but above all to realise the largest commercial expansion in the history of the Polish business. I am convinced that we are well prepared to carry out this task (...)," said LPP's deputy CEO and CFO Marcin Bojko, quoted in the press release.
"In 2024, we generated a very solid operating profit of PLN 2.4 billion, which translates into 19 percent year-on-year growth, looking only at the core business. We have met all our financial assumptions, especially taking care of safe debt levels and balance sheet discipline," he added.
mcb/ ao/ nl/