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CCC retail on May sales, outlook for rest of year, network expansion , Equities News - EquitiesPoland.pl
Coverage of high-potential mid-market firms in Poland


CCC retail on May sales, outlook for rest of year, network expansion

TAG'S: CCC, Retail Trade

Listed footwear retailer CCC has kept May sales at the level from previous months and stands by its 3% like-for-like sales growth in H1, deputy CEO Piotr Nowjalis told PAP on the sidelines of the WSE's WallStreet conference in Karpacz.


MAY SALES: "In May we maintained the positive trends from previous months, we noted positive like-for-like rates on our most important markets (Poland, Czech Republic, Slovakia)." In April CCC enjoyed a 21.4% y/y growth in consolidated sales revenues to PLN 217.1 mln.


H1 OUTLOOK / SUMMER SEASON: "The spring/summer season is going very well, as we haven't yet started selling summer shoes, which will fuel growth from June to August. Declaration of 3% LfL growth in H1 [in Poland] is unthreatened. We expect we may have a higher LfL rate in the Czech Republic and Slovakia, perhaps even double-digit."


MARGINS: "The margin loss in 2015 is estimated at no more than 2 pps, mainly due to growth of purchasing costs in China and an expensive dollar."


RETAIL CHAIN: "Expansion is going full steam ahead. We expect to add around 100k sqm of new retail space and lose 10k sqm of space as we shut down over ten shops."


GROSS PROFIT: "We stand by our declaration of some PLN 300 mln gross profit this year."


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