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Wittchen SAWittchen fashion retail expects PLN 133 mln revenue in Q4 2024, up 0.5 pct y/y
Listed exclusive leather products manufacturer Wittchen group estimates that it had revenue of PLN 133 million (EUR 31.14 mln) in the fourth quarter of 2024, up 0.5 percent year on year, the company said in a press release. For the full year 2024, the group's revenue was PLN 454.1 million (EUR 106.3 mln), down 2.8 percent year on year.
"In the last quarter of the year, a key quarter for retail, we saw an improvement compared to the third quarter in terms of consumer shopping behaviour, both in Poland and in most of the other countries where we are present with our stores. Sales in stationary shops increased in Romania, Slovakia, Germany and Austria. The foreign stores we are launching in 2024 are achieving satisfactory results," said the group's CEO Jedrzej Wittchen, quoted in the press release.
"On the other hand, we are still facing the challenges of selling on marketplace platforms. As we have already announced, we are working intensively to improve the model of cooperation with the largest sales platforms and to strengthen online sales in our own online shops," he added.
In 2024, the Wittchen group launched two new stores in Austria, two more stores in Romania and one store in Germany. Last year was also the first full year of operation for a Wittchen brand showroom in Slovakia, where an online shop was also launched at the end of November.
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