Poland's CCC hits bottom of WIG20 after 2025 guidance cut

Modivo SA

29/01/2026 08:42

** Shares of Polish footwear retailer CCC CCC.WA fall as much as 10.2% after it cut its 2025 core earnings forecast

** It now guides for EBITDA of between 1.43 billion and 1.47 billion zlotys ($358-$368 million), versus the 1.7-1.8 billion it had estimated earlier

** The company blamed the cut on a revenue shortfall in the fourth quarter, citing negative like-for-like sales and slower e-commerce growth

** "All in all, the published earnings estimates are a strongly negative surprise," says Piotr Bogusz, analyst at Erste Group, adding that weak sales could indicate a poor quality of the offer

** Bogusz also calls the significant drop in profitability at its Modivo e-commerce unit, which saw an EBITDA loss in Q4, "most worrisome"

** "We see significant room for downward revisions to our current forecasts", Grzegorz Kujawski from Trigon adds

** CCC sits at the bottom of Poland's blue chip .WIG20 index

($1 = 4.0585 zlotys)

 (Reporting by Marta Maciag)

 ((Marta.Maciag@thomsonreuters.com))