Duyuru • Jan 15
LPP SA to Report Fiscal Year 2026 Results on Mar 26, 2026 LPP SA announced that they will report fiscal year 2026 results on Mar 26, 2026 Duyuru • Jun 18
LPP SA, Annual General Meeting, Jul 11, 2025 LPP SA, Annual General Meeting, Jul 11, 2025, at 10:00 Central European Standard Time. Upcoming Dividend • Oct 03
Upcoming dividend of zł325 per share Eligible shareholders must have bought the stock before 10 October 2024. Payment date: 30 October 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (0.7%). Reported Earnings • Sep 26
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł5.01b (up 9.4% from 2Q 2024). Net income: zł444.0m (up 1.2% from 2Q 2024). Profit margin: 8.9% (in line with 2Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe. Duyuru • Jul 12
LPP SA Declares Dividend, Payable on October 30 Listed fashion group LPP's ordinary general meeting has decided to allocate a total of PLN 1.13 billion (EUR 265 mln) to dividend payments, according to resolutions passed on Friday. The previously paid advance will reduce the amount of the dividend to be paid to shareholders. The dividend date is October 11, and the payment will be made on October 30. Duyuru • Jun 18
LPP SA, Annual General Meeting, Jul 12, 2024 LPP SA, Annual General Meeting, Jul 12, 2024. Reported Earnings • Jun 14
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł4.31b (up 18% from 1Q 2024). Net income: zł276.0m (up 152% from 1Q 2024). Profit margin: 6.4% (up from 3.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Upcoming Dividend • Apr 15
Upcoming dividend of zł285 per share Eligible shareholders must have bought the stock before 22 April 2024. Payment date: 30 April 2024. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.8%). Reported Earnings • Mar 29
Full year 2024 earnings released: EPS: zł866 (vs zł618 in FY 2023) Full year 2024 results: EPS: zł866 (up from zł618 in FY 2023). Revenue: zł17.4b (up 9.3% from FY 2023). Net income: zł1.61b (up 40% from FY 2023). Profit margin: 9.2% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to €2,900, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Luxury industry in Europe. Total returns to shareholders of 80% over the past three years. Duyuru • Feb 01
Lpp Fashion to Pay Advance Dividend for Fiscal Year 2023/2024 LPP SA to pay shareholders an advance dividend of PLN 285 (EUR 65.61) per share for the financial year running from February 1, 2023 to January 31, 2024, the company said in a market filing. The management board intends to submit a motion to the annual general meeting of shareholders to pay a total dividend for Fiscal Year 2023/2024 of at least PLN 570 (EUR 131.21) per share and to set the dividend payment date for October 30, 2024. Duyuru • Jan 19
LPP SA to Report Q3, 2024 Results on Dec 11, 2024 LPP SA announced that they will report Q3, 2024 results on Dec 11, 2024 Reported Earnings • Dec 15
Third quarter 2024 earnings released: EPS: zł310 (vs zł215 in 3Q 2023) Third quarter 2024 results: EPS: zł310 (up from zł215 in 3Q 2023). Revenue: zł4.35b (flat on 3Q 2023). Net income: zł575.6m (up 46% from 3Q 2023). Profit margin: 13% (up from 9.1% in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 19
LPP SA Appoints Mikolaj Wezdecki as New Deputy CEO LPP SA announced the appointed of Mikolaj Wezdecki as a new vice chairman of the group's management board, the company said in a market filing. Wezdecki has been working for LPP since June 2022 as a director responsible for developing e-commerce platforms for Reserved and Sinsay brands. Previously, he was a member of the management group Modivo and director in charge of e-commerce. New Risk • Sep 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Sep 23
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł4.58b (up 5.4% from 2Q 2023). Net income: zł438.8m (down 18% from 2Q 2023). Profit margin: 9.6% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 4 years, compared to a 7.3% growth forecast for the Luxury industry in Germany. Duyuru • Sep 23
LPP SA Provides Earnings Guidance for the Second Half and Year 2023 LPP SA announced that the company is optimistic about consumer behavior in second half and hopes to see a significant improvement in sales.The company also reported that the goals company announced previously are safe, the financial goals for company are safe, increasing profitability is the priority for this year 2023. They also maintain the group revenue should increase by -- to PLN 18 billion. Buying Opportunity • Sep 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.2%. The fair value is estimated to be €3,497, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Buying Opportunity • Sep 05
Now 20% undervalued Over the last 90 days, the stock is up 3.1%. The fair value is estimated to be €3,791, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Upcoming Dividend • Jun 30
Upcoming dividend of zł430 per share at 3.1% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 10 October 2023. Payout ratio and cash payout ratio are on the higher end at 81% and 76% respectively. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.8%). Reported Earnings • Jun 16
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł3.64b (up 20% from 1Q 2023). Net income: zł109.5m (down 59% from 1Q 2023). Profit margin: 3.0% (down from 8.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 4 years, compared to a 6.3% growth forecast for the Luxury industry in Germany. Duyuru • Jun 15
LPP Provides Sales Guidance for the Fiscal Year 2023/24 LPP provided sales guidance for the fiscal year 2023/24. for the year, the company expects to grow by ca. 20% y/y to over PLN 18 billion. Duyuru • Jun 03
LPP SA, Annual General Meeting, Jun 30, 2023 LPP SA, Annual General Meeting, Jun 30, 2023, at 10:00 Central European Standard Time. Location: UL. LAKOWA 39/44 Gdañsk Poland Duyuru • Jun 01
LPP Recommends Dividend Payouts of At Least 50% of Net Profits - Dividend Policy for 2023-26 LPP will recommend dividend payouts of at least 50% of net profits plus unallocated profits from previous years, with the payout capped at 70% of profits, the company said in a market filing on a dividend policy for 2023-26. The company may also consider offering advance dividends. Advance payments would preferably be offered in April-May, final dividends in October-November. Particular dividends will depend on financial and liquidity situation of the group, economic environment and investment needs. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €2,608, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Luxury industry in Europe. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2,247 per share. Reported Earnings • Apr 28
Full year 2023 earnings released Full year 2023 results: Revenue: zł15.9b (up 14% from FY 2022). Net income: zł1.15b (up 20% from FY 2022). Profit margin: 7.2% (up from 6.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 4 years, compared to a 5.9% growth forecast for the Luxury industry in Germany. Reported Earnings • Dec 15
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł4.37b (up 12% from 3Q 2022). Net income: zł395.5m (down 37% from 3Q 2022). Profit margin: 9.1% (down from 16% in 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 4 years, compared to a 6.9% growth forecast for the Luxury industry in Germany. Buying Opportunity • Nov 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.7%. The fair value is estimated to be €2,420, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Duyuru • Nov 11
FES Retail acquired 50 stores in Russia from LPP SA (WSE:LPP). FES Retail acquired 50 stores in Russia from LPP SA (WSE:LPP) in May 2022.
FES Retail completed the acquisition of 50 stores in Russia from LPP SA (WSE:LPP) in May 2022. Reported Earnings • Oct 08
Second quarter 2023 earnings released: EPS: zł292 (vs zł125 in 2Q 2022) Second quarter 2023 results: EPS: zł292 (up from zł125 in 2Q 2022). Revenue: zł4.34b (up 45% from 2Q 2022). Net income: zł537.5m (up 134% from 2Q 2022). Profit margin: 12% (up from 7.7% in 2Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 5 years, compared to a 7.7% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 15
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł3.03b (up 29% from 1Q 2022). Net income: zł268.0m (up zł246.4m from 1Q 2022). Profit margin: 8.8% (up from 0.9% in 1Q 2022). Over the next year, revenue is expected to shrink by 4.8% compared to a 14% growth forecast for the industry in Germany. Upcoming Dividend • May 20
Upcoming dividend of zł350 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 30 August 2022. The company last paid an ordinary dividend in February 2012. The average dividend yield among industry peers is 1.7%. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 15% share price gain to €2,096, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 19x in the Luxury industry in Europe. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3,154 per share. Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: zł519 (vs zł103 loss in FY 2021) Full year 2022 results: EPS: zł519 (up from zł103 loss in FY 2021). Revenue: zł14.0b (up 79% from FY 2021). Net income: zł953.5m (up zł1.14b from FY 2021). Profit margin: 6.8% (up from net loss in FY 2021). Over the next year, revenue is expected to shrink by 32% compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 23
LPP SA, Annual General Meeting, May 20, 2022 LPP SA, Annual General Meeting, May 20, 2022, at 10:00 Central European Standard Time. Location: UL. LAKOWA 39/44 Gdansk Poland Duyuru • Apr 21
LPP Provides Revenue Guidance for the Fiscal Year 2022-2023 LPP provided revenue guidance for the fiscal year 2022-2023. For the year, the company eyes PLN 16 billion in sales in fiscal year 2022/23, up by 13% y/y, with online sales hitting PLN 5 billion. Duyuru • Apr 20
Lpp Fashion Recommends Dividend , Payable on June 6, 2022 and August 30,2022 LPP recommended that shareholders take PLN 350 DPS from the Fiscal Year 2021/22 net profit in two tranches of PLN 175 DPS each, the company said in a market filing. Rights would be set on May 30. The first tranche would be paid on June 6, with the second tranche payout to follow on August 30. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 33% share price gain to €2,054, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Luxury industry in Europe. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 36% share price decline to €2,194, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 20x in the Luxury industry in Europe. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 29% share price gain to €3,736, the stock trades at a forward P/E ratio of 71x. Average forward P/E is 23x in the Luxury industry in Europe. Total returns to shareholders of 114% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4,195 per share. Reported Earnings • Dec 11
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: zł341 (up from zł24.00 loss in 3Q 2021). Revenue: zł3.91b (up 87% from 3Q 2021). Net income: zł627.6m (up zł672.0m from 3Q 2021). Profit margin: 16% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 14% compared to a 4.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improved over the past week After last week's 16% share price gain to €3,006, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 24x in the Luxury industry in Europe. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3,483 per share. Upcoming Dividend • Jun 28
Inaugural dividend of zł450 per share Eligible shareholders must have bought the stock before 05 July 2021. Payment date: 06 October 2021. The company last paid an ordinary dividend in April 2019. The average dividend yield among industry peers is 0.9%. Reported Earnings • May 04
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: zł7.85b (down 14% from FY 2020). Net loss: zł190.1m (down 149% from profit in FY 2020). Is New 90 Day High Low • Dec 30
New 90-day high: €1,721 The company is up 22% from its price of €1,413 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1,701 per share. Analyst Estimate Surprise Post Earnings • Dec 23
Revenue beats expectations Revenue exceeded analyst estimates by 7.2%. Over the next year, revenue is expected to shrink by 12% compared to a 11% growth forecast for the Luxury industry in Germany. Is New 90 Day High Low • Nov 12
New 90-day high: €1,651 The company is up 2.0% from its price of €1,619 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1,545 per share. Valuation Update With 7 Day Price Move • Nov 07
Market bids up stock over the past week After last week's 23% share price gain to zł1,399, the stock is trading at a trailing P/E ratio of 30.6x, up from the previous P/E ratio of 24.9x. This compares to an average P/E of 113x in the Luxury industry in Germany. Total return to shareholders over the past year is a loss of 29%. Is New 90 Day High Low • Oct 17
New 90-day low: €1,282 The company is down 8.0% from its price of €1,390 on 17 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1,507 per share.