CR 05/2019 Selected preliminary consolidated financial data of the LPP CG for the first quarter of 2019
Selected preliminary consolidated financial data of the LPP CG for the first quarter of 2019
Current report no: 05/2019
Date: 1 April 2019
Time: 5.11 p.m.
The Management Board of LPP SA announces to the public selected preliminary consolidated financial data of the LPP SA Capital Group for the first quarter of 2019:
- revenues: PLN 1 830 mln (increase by 16% y/y),
- gross profit on sales: PLN 800 mln (increase by 12% y/y),
- SG&A expenses: PLN 895 mln (increase by 9% y/y),
- operating loss (EBIT): PLN 105 mln (as compared to operating loss of PLN 118 mln in 2018),
- revenues in LFL stores (in local currencies) in the entire first quarter of 2019 increased by 11.4%,
- at the end of the first quarter of 2019, retail space reached 1 086 thousand m2 (an increase by 8.5% y/y).
The said data has been calculated based on the current knowledge of the Management Board as at 1 April 2019 and may change after the full closing of accounting books.
At the same time, the Management Board of LPP SA informs that a detailed financial report for the first quarter of 2019 will be published on 28 May 2019.