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Earnings Poll: Polish retailer CCC expected to post 22% jump in first-quarter core profit

First-quarter core profit average forecast of 366 million zlotys

GDANSK, May 8 (Reuters) - Polish footwear and fashion retailer CCC CCCP.WA is expected to report a 22% rise in first-quarter core profit, driven by reduced costs in its Modivo business and improved gross margins, a Reuters poll showed on Thursday.

Analysts from four banks and brokerages expect the retailer's earnings before interest, tax, depreciation and amortisation (EBITDA) to come in at 366 million zlotys ($96.76 million) compared with 301 million zlotys a year earlier.

The following table summarises market forecasts for CCC for

the first quarter ended March 31:

(Figures in millions of zlotys unless stated otherwise)

NET PROFITEBITEBITDAREVENUE
Average912073662,314
Median902113692,316
Lowest621653302,232
Highest1192423972,391
No. of forecasts4444
Q1 2024511513012,261
Q4 20244722954482,681
Forecasts provided by: DM BOS, Santander DM, DM mBank, Trigon DM. ($1 = 3.7824 zlotys) (Reporting by Marta Maciag; Editing by Rachna Uppal) ((marta.maciag@thomsonreuters.com; +48 58 746 91 96))

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