Coverage of high-potential mid-market firms in Poland


LPP grows revenues 6% y/y to nearly PLN 442 mln; but gross margin slips to 46%

TAG'S: LPP, Retail Trade

Listed fashion retailer LPP posted about 6% group sales revenue growth in July to ca. PLN 442 mln, while the estimated gross margin in the period came down by 5 pps y/y to around 46%, the company said in a market filing.


January-July sales grew by 7% y/y to PLN 2.74 bln, the filing also showed.


LPP's retail space at end-July reached approximately 776k square meters, up 15% y/y.


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