LPP SA Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2021
December 09, 2021 at 03:02 pm EST
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LPP SA reported earnings results for the third quarter and nine months ended October 31, 2021. For the third quarter, the company reported sales was PLN 3,913.42 million compared to PLN 2,445.72 million a year ago. Net income was PLN 627.58 million compared to PLN 246.87 million a year ago. Basic earnings per share from continuing operations was PLN 341.44 compared to PLN 134.58 a year ago. Diluted earnings per share from continuing operations was PLN 341.1 compared to PLN 134.58 a year ago.
For the nine months, sales was PLN 9,906.9 million compared to PLN 5,753.66 million a year ago. Net income was PLN 1,108.22 million compared to net loss of PLN 145.76 million a year ago. Basic earnings per share from continuing operations was PLN 602.93 compared to basic loss per share from continuing operations of PLN 79.46 a year ago. Diluted earnings per share from continuing operations was PLN 602.33 compared to diluted loss per share from continuing operations of PLN 79.46 a year ago.
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 
