Poland's CCC shares fall on Q4 profit miss, inventory surge raises concerns

Modivo SA

30/04/2025 10:44

** Shares in Polish footwear retailer CCC CCC.WA fall 9.6%, paring losses after dropping as much as 12.6% in early trade, following a Q4 profit miss due to deferral of wholesale revenue recognition after auditor consultation

** "Q4 results significantly below preliminary ones mainly due to questionable recognition of a part of wholesale sales," says Piotr Bogusz, analyst at Erste Securities, adding that the auditor's decision raises transparency concerns

** "The company has not shared a trading update; we will have to wait until May 12," notes Grzegorz Kujawski, analyst at Trigon, highlighting added uncertainty about current performance

** CCC's inventories surge 60% y/y, impacted by unrecognized wholesale transactions, highlighting potential risks in receivables management

** CCC sits at the bottom of Poland's mid-cap index .MWIG40

($1 = 4.0585 zlotys)

 (Reporting by Marta Maciag)

 ((Marta.Maciag@thomsonreuters.com))