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 PROFIT
EBIT
EBITDA
REVENUE
Average
91
207
366
2,314
Median
90
211
369
2,316
Lowest
62
165
330
2,232
Highest
119
242
397
2,391
No. of forecasts
4
4
4
4
Q1 2024
51
151
301
2,261
Q4 2024
472
295
448
2,681
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))