CCC kicks off 2025 with gains after CEO interview

Modivo SA

02/01/2025 09:14

** Shares in CCC  CCCP.WA  rise around 4% after the Polish
footwear and fashion retailer's CEO Dariusz Milek confirmed 2025
targets in an interview
    ** Milek told Polish daily Parkiet it was "realistic" that
2025 revenue would exceed 12 billion zlotys ($2.91 billion) with
EBITDA margin at 20%
    ** CEO also confirmed plans to return to paying a dividend
in 2026, and said he would like the payout to reach 25% of
profit in the first year and 50% thereafter
    ** Milek added that he would like to triple the scale of the
business by 2030
    ** "CCC has made tremendous progress in 2024, and 2025
should bring further changes and an acceleration in the pace of
area expansion," Erste Group analyst Piotr Bogusz says in a
note, calling the 2025 targets "ambitious"

   

 (Reporting by Julia Kotowska)
 ((julia.kotowska@thomsonreuters.com))