Earnings Poll: Polish retailer Modivo expected to post 10% drop in second-quarter core profit

Modivo SA

05/08/2026 13:51

Q2 preliminary results due on August 6
Q2 core profit average forecast 408 million zlotys
GDANSK, Aug 5 (Reuters) - Polish footwear and fashion retailer Modivo MDVP.WA is expected to report a 10% year-on-year drop in second-quarter adjusted core profit, as weakness in its main online business is seen offsetting strong growth at its HalfPrice chain, a Reuters poll showed on Wednesday.
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to come in at 408 million zlotys ($109.49 million) for the quarter ending July 31, according to the average forecast of analysts from four banks and brokerages, compared with 451 million zlotys a year earlier.
Analysts see revenue growing 8% to 3.09 billion zlotys, driven by a sales jump at the off-price HalfPrice segment. However, sales at the core Modivo.com online platform are expected to fall by 17%.
     
The following table summarises market forecasts for Modivo in the second quarter: 
(Figures in millions of zlotys unless stated otherwise)  
     
 
NET PROFIT
EBIT
ADJ. EBITDA
REVENUE
Average
83
171
408
3088
Median
83
164
407
3105
Lowest
70
154
374
3033
Highest
97
202
444
3126
No. of forecasts 
4
4
4
4
Q2 2025
79
299
451
2,880
Q1 2026
-8.1
202
40
2,439
Forecasts provided by: DM BOS, Pekao DM, DM mBank, Trigon DM.
     
($1 = 3.7824 zlotys)
     

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