LPP tops investor relations among WIG30 companies as assessed by analysts and financial institutions
LPP landed first place in the investor relations survey of WIG30 companies, in the part conducted among institutional investors. In the evaluation by financial entities, the company scored 5.82 out of a possible 6, which ranked it 3rd overall. Thus, LPP confirmed its leadership position in terms of communication with the market. The investor relations survey conducted for the ninth time by Parkiet and Izba Domów Maklerskich [the Chamber of Brokerage Houses] is the largest such initiative in Poland.
The investor relations survey of the 30 largest companies listed on the Warsaw Stock Exchange has been conducted regularly since 2014 by Parkiet and Uthe Chamber of Brokerage Houses. It consists of two parts – a survey conducted among institutional investors and analysts, and an online poll for individual shareholders and Parkiet readers. In both parts of the ranking, companies are given a score on a school-like scale – from 1 to 6.
In the current, ninth edition, the Gdańsk-based company – LPP – almost managed to get a six and scored as high as 5.82 points in the first part of the survey, where the average for the participating companies was 4.1. Thus, the company took first place in the vote of financial entities and analysts, confirming its position as a leader in investor relations. In the evaluation of small investors, the company was in the middle of the pile of surveyed companies-with a score of 2.97 points, with an average of 3.1 points, which placed LPP in third place in the overall ranking. The company has ranked high in the list for years, holding on to the top three.
– In relations with our investors, we adhere to the basic principles, i.e. reliability, transparency, and efficiency in the process of sharing information, which for years has paid off with a good reception of LPP on the market. The approach we represent is of increasing importance especially today, in the light of instability in the economy. The war in Ukraine, which shook the global business, also for us meant a significant modification of investment plans – from the decision to discontinue operations in the Russian market, to taking a completely new development strategy. This required a lot of confidence on the part of investors. So we tried to take care of their sense of security, and in the past year we placed even more emphasis on close contact with the market. We were clear and to-the-point when reporting our plans and actions to ensure the stability of the Group, and we also relied on high responsiveness and participation in conferences organized by financial institutions. We have shown that, despite difficult circumstances, we are a flexible company that can face challenges without harming the company and its stakeholders, and the capital market has appreciated our actions. Therefore, this year’s high rating awarded to LPP in the investor relations survey is all the more valid reason for us to be proud – says Magdalena Kopaczewska, investor relations manager, LPP.
LPP is a Polish family business and one of the fastest growing clothing companies in the region of Central and Eastern Europe. For 30 years, it has been successfully operating in Poland and abroad, offering its collections in such prestigious capitals as London, Helsinki or Tel Aviv. LPP manages five fashion brands: Reserved, Cropp, House, Mohito, and Sinsay, whose offer is available today in stationary and online stores in nearly 40 markets worldwide. The company has a chain of over 1800 stores with the total area of 1.5 million m2 and distributes clothing and accessories to three continents every year. LPP also plays an important role as it employs over 24 thousand people in its offices and sales structures in Poland, Europe, Asia, and Africa. The company is listed on the Warsaw Stock Exchange in the WIG20 index and belongs to the prestigious MSCI Poland index.