CCC had a net profit of PLN 12.3 million for Q3

by   CIJ News iDesk III
2021-11-25   08:47

CCC recorded PLN 12.3 million of consolidated net profit from continued operations in the third quarter of the fiscal year 2021/2022 (August-October 2021) compared to a loss of PLN 34.4 million a year earlier, the company said in its report.

The discontinued operations in 2020 as well as in 2021 concern the Karl Voegele and NG2 stores in Switzerland intended for sale, the company explained.

The operating profit amounted to PLN 73.1 million, compared to PLN 5 million profit a year earlier.

Consolidated sales revenues reached PLN 2,070.6 million in Q3 2021 compared to PLN 1,620.7 million a year earlier.

In Q1-Q3. 2021/2022 (February-October 2021) the company had PLN 79.5 million of consolidated net loss from continuing operations compared to PLN 614 million loss a year earlier, with sales revenues of PLN 5,546.2 million compared to PLN 3,849, PLN 4 million a year earlier.

"Sales revenues in the period from 01/02/2021 - 31/10/2021 amounted to PLN 5,546.2 million, which is an increase by PLN +1 696.8 million (+ 44.1%) compared to the corresponding period of the previous year. Due to the geographical segment, the greatest impact on the result was the change in sales revenues in Poland (+ PLN 859.8 million / + 42.2%) and in Central and Eastern Europe (+ PLN 667.7 million / + 50%). Due to the distribution channel, the increase in sales revenues in the CCC network had the greatest impact on the result (+ PLN 703.5 million / + 34.0%), at a similar level in terms of value of (+ PLN 690.9 million / +50.3 %) "- we read in the report.

On a standalone basis, net profit for the year In 2021/2022, it amounted to PLN 477 million compared to PLN 423.3 million loss a year earlier.

As at the end of October this year, the CCC network consisted of 986 stores with an area of ​​692 thousand. m2 (compared to 1,062 stores with an area of ​​693.8 thousand m2 a year earlier), also stated in the report.

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. In the financial year beginning on January 1, 2020 and ending on January 31, 2021, the company recorded PLN 5.64 billion of consolidated revenues.

Source: CCC and ISBnews