CCC had initially PLN 250 million EBITDA, PLN 2,036 million of revenues in Q2 2021/22
CCC recorded PLN 250 million of consolidated EBITDA in Q2 2021/2022 (i.e. in the period May - July 2021) compared to PLN 22 million of EBITDA profit a year earlier, the company, presenting preliminary data. Revenues in Q2. amounted to PLN 2,036 million compared to PLN 1,452 million a year earlier.
Operating profit in Q2 this year in this perspective, it amounted to PLN 112 million against PLN 130 million profit a year earlier, the company announced
Significant improvement in the gross margin of the group, by over 2.5 percentage points y / y. Growth mainly due to the rebuilding of the margin at CCC - less pressure on sales, announced the company.
The company also announced that the share of e-commerce in the group's revenues was at a very high level of 44 percent (+4 percentage points y / y), despite the full return of customers to brick-and-mortar stores. Sales in the CCC segment were higher by 28% y / y and by 9% compared to Q2 2019, with a significantly optimized sales network.
Continued development of the new off-price network - sales from the 21 stores opened so far at the level of nearly PLN 40 million. Sustained plans to open a total of ~ 65 stores by the end of the year, CCC announced.
The group also recorded a decrease in retail space by 2000 sqm (up to 681,978 sqm as of July 31 this year), mainly due to the planned optimization of the retail space of the CCC network (liquidations, reductions). At the same time, the number of stores decreased by a total of 50 annually to 992.
The CCC Group is the leader of the Polish footwear retail market and one of the largest footwear manufacturers in Poland. The company has been listed on the Warsaw Stock Exchange since 2004. Its consolidated sales revenues reached PLN 5,844.7 million in 2019.
Source: CCC and ISBnews
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