Profil:
LPP SALPP fashion's stock price down 7.24 pct with WIG20 falling 1.7 pct
Listed fashion group LPP 's stock price fell by 7.24 percent to PLN 16.73 (EUR 4.00) at around 9:20 local time, following the publication of group's 2024 financial report, while WIG20 index has decreased by 1.7 percent.
Turnover on LPP shares is approximately PLN 26 million (EUR 6.2 mln), while turnover on shares of all companies listed in the WIG20 is PLN 65.8 million (EUR 15.75 mln).
As calculated by PAP Biznes on the basis of LPP's annual report, the group had a parent company net profit of PLN 448 million (EUR 107.2 mln) in the fourth quarter of the 2024/25 financial year, below market expectations of PLN 516 million (EUR 123.5 mln) net take.
Operating profit was PLN 662 million (EUR 158.4 mln) and EBITDA reached PLN 1,134 million (EUR 271.4 mln). PAP Biznes' consensus was for PLN 693.2 million (EUR 165.9 mln) of operating profit and PLN 1,151.4 million (EUR 275.5 mln) of EBITDA.
For 2026 and 2027, the group assumes a gross margin of 51-52 percent, and an EBITDA margin of 18-19 percent. LPP group expects revenues of approximately PLN 25-26 billion (EUR 6-6.2 bln) in the 2025 financial year, with a gross margin on sales in the range of 53-54 percent.
The company maintains that its capital expenditure this year will amount to PLN 3.5 billion (EUR 837.55 mln), of which PLN 2.3 billion (EUR 550.4 mln) is to be allocated to the expansion of the fixed-line network.
pam/ ao/