Poland's LPP Q3 net profit seen rising 10% y/y

GDANSK (Reuters) - Poland's biggest fashion retailer LPP is expected to report a 10% rise in net profit year on year, mainly due to a 33% growth in e-commerce revenues, which contributed to an improvement in gross margin, a Reuters poll showed on Tuesday.

LPP is seen reporting a net profit of 632 million zlotys ($155.91 million), a poll of five banks and brokerages showed.

This would put net profit for the first nine months of 2024 at 1.35 billion zlotys.

The following table summarises market forecasts for LPP forthe third quarter of 2024:

(Figures in millions of zlotys unless stated otherwise)

NET PROFIT EBIT EBITDA REVENUE

Average 632 845 1,280 5,265

Median 617 863 1,284 5,263

Lowest 575 772 1,202 5,189

Highest 697 922 1,352 5,359

No. of forecasts 5 5 5 5

Q3 2023 575 802 1,159 4,350

Q2 2024 444 611 1,018 5,005

Forecasts provided by: DM BOS, Erste Group, DM mBank, Trigon DM.

($1 = 4.0535 zlotys)

(Reporting by Marta Maciag; Editing by Ed Osmond)