CCC recorded PLN 26 million of consolidated EBITDA in Q4 2021/2022, (November 2021 – January 2022) versus PLN 39 million loss of EBITDA a year earlier, the company, presenting preliminary data, announced. Revenues in Q4. amounted to PLN 2 039 million compared to PLN 1 398 million a year earlier.
The operating loss amounted to PLN 113 million in Q4 of the current year. against PLN 166 million loss a year earlier.
In the fourth quarter, the revenues of the CCC Group amounted to PLN 2.04 billion, increasing by 46% y / y. The share of e-commerce is also consistently growing, which reached 56% (+11 percentage points q / q). The group records positive dynamics in all signboards: the new HalfPrice concept generated PLN 114 million in revenue (+ 39% q / q), and DeeZee grew by 58% y / y, for the first time in history exceeding the PLN 100 million turnover mark per year. per square meter of retail space, it improved by 4% compared to the fourth quarter of 2019. In line with the adopted strategy, chain stores are becoming more and more digital, becoming an extension of online sales , the company reported.
In the last quarter of 2021, the gross margin of the CCC Group increased by 4.4 percentage points. y / y to 46.5%.
The highest level and the best dynamics were recorded by the Group in the CCC segment, which was primarily influenced by active price management and consistent optimization of the discount policy. Thanks to this, the CCC segment achieved in 2021 the highest level of gross margin in the last 4 years, exceeding 53%. What distinguishes this segment is also the consistently improved inventory structure, the company announced.
The costs in the CCC Group increased by 41%, and their level was slightly lower than the revenue dynamics (+ 46%). The higher cost base is mainly the result of investments related to the implementation of the goals of the GO.25: Everything Fashion strategy. Omnichannel Platform, it added.
“In order to implement our new strategy, we are developing competences within the organization, strengthening teams responsible for technology, digital sales, product and marketing communication. We have also implemented an order management system (OMS), which allowed for the integration of store inventory with e-commerce, which has significantly increased Our Polish stores have become logistics hubs, we now send over 50% of domestic online orders from them. We are also developing the HalfPrice network. In the last quarter we opened 28 new stores and launched an e-commerce channel. We are also gradually strengthening our image and recognition. own brands of CCC, with particular emphasis on projects addressed to the Z generation,” commented President Marcin Czyczerski.
In the entire financial year 2021, the revenues of the CCC Group amounted to PLN 7.6 billion, of which more than half – 51% – were online sales. The gross margin grew in all segments, translating into its improvement at the consolidated level by over 3 percentage points. y / y Despite significant restrictions in stationary trade in the first quarter of 2021, the full-year operating result improved y / y by over PLN 500 million. The Group’s EBITDA in 2021 reached PLN 508 million (6.7% profitability), it was also announced.
The Modivo Group (eobuwie.pl and Modivo) recorded a turnover in Q4. PLN 55 million of consolidated EBITDA profit versus PLN 49 million of EBITDA profit a year earlier. Revenues in Q4. amounted to PLN 1,025 million compared to PLN 761 million a year earlier. The operating profit amounted to PLN 40 million in the fourth quarter of the year. against PLN 33 million profit a year earlier.
Sales in the Modivo segment grew by 123% y / y, the third consecutive quarter with accelerating sales dynamics (Q2 2021: + 95%, Q3 2021: + 109%). Moreover, on the promising European markets – in Germany and Italy – the revenues of the signboard increased almost threefold. The share of Modivo’s total revenues in the Modivo Group’s sales jumped to 22%, by as much as 9 percentage points y / y, the company reported.
The cost dynamics of the Modivo Group (34%) is determined by strategic development. In the reporting period it was similar to the revenue growth rate (35%). Work is underway on the MODIVO marketplace and the launch of new eobuwie.pl and MODIVO mobile applications. The group has also opened a new distribution center in Romania. It is also implementing the third stage of the expansion of the logistics center in Zielona Góra. At the same time, it is developing local offices in the most promising markets, the company stated.
Throughout the financial year, the Modivo Group recorded a 50% y / y improvement in sales (dynamics similar to 2019 and 2020) and achieved EBITDA of PLN 262 million – above the assumption communicated at the beginning of 2021 (PLN 230-250 million), the group emphasized .
Source: CCC and ISBnews
