Finance
Poland's LPP Q3 net profit seen rising 10% y/y
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
Poland's LPP is expected to report a 10% rise in Q3 net profit, driven by a 33% growth in e-commerce revenues, according to a Reuters poll.
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)
The main topic is the expected 10% rise in net profit for Poland's LPP in Q3 2024, driven by e-commerce growth.
A 33% growth in e-commerce revenues contributed significantly to the profit increase.
Forecasts were provided by DM BOS, Erste Group, DM mBank, and Trigon DM.
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