In the third quarter of 2015 INTERSPORT Polska Network, in effect of reducing expenses on comparable stores and maintaining the growing margin tendency improved its YOY financial result.
In the period from July to September 2015 the Company worked out total net revenue on sales of PLN 53,262 thousand, i.e. 5.7% higher as compared to the same period in the previous year (was: PLN 50,412 thousand).
Due to consistent policy of reducing costs on comparable stores and maintaining a growing margin tendency, INTERSPORT Polska S.A. Network in the third quarter of 2015 improved its financial result by 67% - gross loss amounted to PLN 647 thousand, i.e. PLN 1,317 thousand less as compared to the same period in the previous year (compare to gross loss of PLN 1,964 thousand).
Additionally, in the third quarter of 2015 the Company extended for further 10 years two rental agreements of significant, from the trading point of view, locations. The first one pertains to a 869 m2 store located in Galeria Krakowska, in operation since 2006 and the other one to a store of the area of 1027 m2 operating since 2005 in Silesia Center in Katowice.
Increasingly, after three quarters of 2015 INTERSPORT Polska S.A. Network gained a net revenue on sales of PLN 164,526 thousand, i.e. 0.6% lower as compared to the same period in 2014 (was: PLN 165,551 thousand).
THE MANAGEMENT BOARD OF INTERSPORT Polska S.A.
Cholerzyn, 10 November 2015
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