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Earnings Poll: Polish retailer CCC expected to post flat third-quarter core profit

Q3 preliminary results due on November 6

Q3 average core profit forecast 483 million zlotys

GDANSK, Nov 3 (Reuters) - Polish footwear and fashion retailer CCC CCCP.WA is expected to report third-quarter core profit broadly in line with a year earlier, as it faces pressure from weak sales and contracting margins, a Reuters poll showed on Monday.

Earnings before interest, tax, depreciation and amortisation are expected to come in at 483 million zlotys ($132.82 million), according to the average forecast of analysts from four banks and brokerages, compared with 479 million zlotys a year earlier.

Analysts said that while revenue was expected to grow due to the opening of new stores, particularly in the HalfPrice off-price chain, this would be offset by narrower margins.

They pointed to unfavourable weather in September, lower brand appeal, and an increasing share of less profitable wholesale business.

The following table summarises market forecasts for CCC in

the third quarter:

(Figures in millions of zlotys unless stated otherwise)

NET PROFITEBITEBITDAREVENUE
Average1653044833,027
Median1593084883,014
Lowest1162634332,949
Highest2163625633,162
No. of forecasts5555
Q3 20241553284792,771
Q2 2025762994652,880
Forecasts provided by: DM BOS, Pekao DM, DM mBank, Trigon DM, Santander DM. ($1 = 3.7824 zlotys) (Reporting by Marta Maciag; Editing by Kirsten Donovan) ((marta.maciag@thomsonreuters.com; +48 58 746 91 96))

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