Earnings Poll: Poland's LPP Q3 net profit seen rising 10% y/y

LPP SA

10/12/2024 11:35

* 
      LPP Q3 results due Dec. 11 after market close
    

        * 
      Net profit seen at 632 mln zlotys
    

  
       GDANSK, Dec 10 (Reuters) - Poland's biggest fashion
retailer LPP  LPPP.WA  is expected to report a 10% rise in net
profit year on year, mainly due to a 33% growth in e-commerce
revenues, which contributed to an improvement in gross margin, a
Reuters poll showed on Tuesday.
    LPP is seen reporting a net profit of 632 million zlotys 
($155.91 million), a poll of five banks and brokerages showed.
    This would put net profit for the first nine months of 2024
at 1.35 billion zlotys.
    The following table summarises market forecasts for LPP for
the third quarter of 2024: 
    (Figures in millions of zlotys unless stated otherwise)  
     
                   NET PROFIT     EBIT       EBITDA     REVENUE
 Average                  632          845      1,280      5,265
 Median                   617          863      1,284      5,263
 Lowest                   575          772      1,202      5,189
 Highest                  697          922      1,352      5,359
 No. of forecasts           5            5          5          5
 Q3 2023                  575          802      1,159      4,350
 Q2 2024                  444          611      1,018      5,005
    Forecasts provided by: DM BOS, Erste Group, DM mBank, Trigon
DM.

($1 = 4.0535 zlotys)

 (Reporting by Marta Maciag; 
Editing by Ed Osmond)
 ((marta.maciag@thomsonreuters.com; +48 58 746 91 96))