CCC recorded PLN 223.4 million of consolidated net loss attributable to shareholders of the parent company in 2021 compared to PLN 1,219.9 million loss a year earlier, the company said in its report.
The operating profit amounted to PLN 3.9 million against PLN 579.1 million loss a year earlier. The EBITDA profit amounted to PLN 581.2 million (EBITDA margin was 7.7%, an increase by 7.9 percentage points y / y), improving the result y / y by PLN 593.6 million.
Consolidated sales revenues amounted to PLN 7 591.5 million in 2021 compared to PLN 5 247 million a year earlier.
The revenues of Modivo grew the fastest, which in the analyzed period reached the level of PLN 540 million, which translates into an increase by as much as 125% y / y. The second sign from the Modivo capital group – eobuwie.pl – generated an income of almost 2.9 PLN billion (+ 41% y / y). CCC’s turnover grew at a rate of 37% y / y, and the revenues of this signboard amounted to PLN 3.6 billion in 2021. The HalfPrice concept, which debuted in May 2021, achieved sales At the level of PLN 237 million. It is also worth emphasizing that DeeZee for the first time in history exceeded the threshold of PLN 100 million in revenues per year, growing by 55% y / y.
More than half of the revenue (51%) was from e-commerce, it was also reported.
Last year, the gross margin of the group increased by 3.4 percentage points. y / y to 47.1%. In nominal terms, it corresponds to the amount of nearly PLN 3.6 billion. The highest gross margin in the group is recorded in the CCC segment – 53% (an increase by 3.8 pp y / y) and DeeZee – 52.2% (an increase by 1.9 pp y / y), the company said.
“The clear improvement in the margin, mainly in the CCC segment, is primarily the result of the new pricing and discount policy. We also significantly optimized the structure of the inventory and its level, reducing the pressure on mid-season sales. Thanks to the implemented logistics investments, we also improved the rotation of goods in stores, thanks to which more products were we sell at prime prices,” said the vice-president of the CCC Group for finance and accounting, Kryspin Derejczyk.
On a standalone basis, the net profit in 2021 amounted to PLN 442.28 million compared to PLN 657.5 million loss a year earlier.
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.
Source: CCC and ISBnews
