CCC recorded PLN 1,279.7 million of consolidated net loss attributable to shareholders of the parent company in the financial year 2020/2021 (period from January 1, 2020 to January 31, 2021) against a loss of PLN 96.1 million a year earlier, the company said in the report. On the other hand, the consolidated net loss on continuing operations amounted to PLN 988.9 million in this period, compared to PLN 19.8 million in profit a year earlier.
The operating loss was PLN 626.7m, compared to PLN 150.5m profit a year earlier. Consolidated sales revenues amounted to PLN 5,638.6 million in 2021 compared to PLN 5,780.2 million a year earlier.
Sales revenues in 2020/21 amounted to PLN 5,638.6 million, which is a decrease by PLN 141.6 million (-2.4%) compared to the previous year. The result was mainly due to a decrease in sales in the segment retail by PLN 1,310.3 million (-33.4% y / y), an increase in e-commerce revenues by PLN 1,115.6 million (+ 70.6% y / y) and a decrease in wholesale revenues, services and production activities in total by PLN 55.7 million (-26.8% y / y), according to its financial report.
The share of retail sales revenues in total sales in 2020/21 amounted to 46.4% (2019/20: 67.9%), with a growing share of e-commerce – in 2020/21 47.8% share in sales overall (in 2019/20: 27.3%) and a slight decrease in wholesale revenues from 4% in 2019/20 to 3% in the current period.
Overall, in relation to the described period, the change in sales in comparable stores amounted to PLN -1,198.9 million (-37.9%) for all stores and PLN -228.8 million (-10.5%) for open stores. Declines in comparable branches were recorded in the markets of: Central and Eastern Europe (-39.8%), Western Europe (-34.3%) and other countries (-65.3%). stores amounted to (-35.6% y / y), according to its report.
For comparable – open outlets, the lowest decrease in sales was recorded in Poland (-2.6%), in the countries of Central and Eastern Europe. (-17.7%), in the countries of Western Europe (-6.9%) and other countries (-58.2%).
Poland remains the largest retail market, with a share in total sales in 2020 of 28.2% compared to 41.5% in the corresponding period of 2019. Revenues from retail sales in Poland in comparable and other stores in 2020 . amounted to PLN 1,571.4 million, which was a decrease by PLN -797.0 million (-33.7%) compared to the previous year, due to a decrease in sales in comparable stores -PLN 651.1 million (-35 , 6%) and in other stores PLN -145.9 million (-27.0%). Taking into account comparable stores – open, this decrease amounted to PLN -31.5 million (-2.6%) and -765, respectively. PLN. 5 million (-66.0%), it was also announced in the report.
In 2020, the total area of own stores of CCC and eobuwie.pl in Poland amounted to 326,600 sqm. In 2019, the area was 325.2 thousand square meters. m2, which means an increase by 1.4 thous. m2. The increase in the area in Poland consists of an increase in the area of eobuwie.pl by 3.8 thousand sq m. m2 with a simultaneous decrease in the area of CCC’s own stores by 2.4 thousand. m2.
In the entire Central and Eastern Europe segment (Czech Republic, Slovakia, Hungary, Slovenia, Croatia, Bulgaria, Romania), sales revenues amounted to PLN 801.8 million, falling by PLN 419 million (-34.3%) compared to the previous year. In the same period, the net retail space in Central and Eastern Europe increased by 9,000 sqm. In the Western Europe segment (Austria) and other countries (Russia, Serbia), sales revenues amounted to PLN 220.3 million, falling by PLN 87.5 million PLN, with a simultaneous decrease in retail space by 1.4 thousand m2 (-1.8%).
After taking into account financial revenues and costs, allowances for expected credit losses, share in the loss of an associate and income tax, the net result on continued operations in 2020/21 amounted to PLN -988.9 million and was lower by 1,008.7 PLN million than in the corresponding period of 2019/20.
On a standalone basis, the net loss in 2021 amounted to PLN 657.5 million compared to PLN 56.4 million loss a year earlier.
“In the face of the pandemic and restrictions imposed on retail trade, in 2020 the e-commerce segment gained particular importance, whose share in the revenues of the CCC Group amounted to as much as 48%, and the sales dynamics exceeded 70%. The development of the online channel remained our priority, both in with regard to the launch and scaling of new sales platforms, as well as the development of e-commerce logistics.At the end of 2020/21, the CCC Group had 70 online sales platforms operating in 17 countries. As many as 16 websites debuted last year, including m .in. launching ccc.eu and DeeZee in new markets. One of the most important projects related to the development of e-commerce was the launch of a new logistics center in Zielona Góra and its further expansion, which multiplied the existing shipping capacity and storage capacity,” according to President Marcin Czyczerski in a letter to shareholders.
He added that special attention in the e-commerce segment should be paid to the eobuwie.pl group, which in 2020 generated PLN 2.4 billion in revenues.
“This means their dynamic growth by 54%, while maintaining a very high EBITDA profitability of 8%, which stands out from the competition. Modivo is playing an increasingly important role in the eobuwie.pl group, offering customers premium brand fashion. Its share in eobuwie.pl’s revenues. .pl has already reached 10%, and the sales dynamics exceeded 300%. As a result of the actions initiated in 2020, significant ownership changes are taking place in eobuwie.pl. The shareholding structure will be strengthened by two new minority investors – Cyfrowy Polsat and the A&R Investment fund, and CCC has undertaken decision to take over 20% of shares from the founder of eobuwie.pl, Mr. Marcin Grzymkowski. The eobuwie.pl Group will continue its dynamic development, scaling its presence on existing markets, debuting on new ones, and developing new services, including marketplace,” he also added .
The CCC Group is the leader of the Polish footwear retail market and one of the largest footwear manufacturers in Poland. The company has been listed on the Warsaw Stock Exchange since 2004. Its consolidated sales revenues reached PLN 5,844.7 million in 2019.
