LPP SA Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2023
December 13, 2023 at 11:07 am EST
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LPP SA reported earnings results for the third quarter and nine months ended October 31, 2023. For the third quarter, the company reported sales was PLN 4,350.5 million compared to PLN 4,366.8 million a year ago. Net income was PLN 575.6 million compared to PLN 395.5 million a year ago. Basic earnings per share from continuing operations was PLN 310.32 compared to PLN 215.08 a year ago. Diluted earnings per share from continuing operations was PLN 310.11 compared to PLN 215.08 a year ago.
For the nine months, sales was PLN 12,565.3 million compared to PLN 11,741.6 million a year ago. Net income was PLN 1,123.9 million compared to PLN 301.2 million a year ago. Basic earnings per share from continuing operations was PLN 605.93. Diluted earnings per share from continuing operations was PLN 605.52.
LPP SA specializes in creating, manufacturing and marketing clothes for men, women and children. Products are sold under the Reserved, Cropp, House, Mohito and Sinsay brands. The group's activity is organized around 3 families of products:
- clothes: jackets, coats, pullovers, sweaters, pants, dresses, shirts, etc.;
- underwear;
- accessories: hats, scarves, gloves, etc.
At the end of 2021, products are marketed through a network of 2,244 stores worldwide.
Net sales break down geographically as follows: Poland (39.3%), Eastern Europe (27.8%), Europe (32.7%) and Middle East (0.2%).
LPP SA 
