The Polish clothing group LPP SA was able to achieve strong growth in sales and profits in the first quarter of the 2025/26 financial year. This emerges from an interim report that the parent company of the brands Sinsay, Reserved, Cropp, House and Mohito published on Thursday. Due to the development in the past few weeks, management reduced its sales forecast for the year as a whole.
In the first quarter, which ended on April 30, the group sales were 4.95 billion złoty (1.18 billion euros). In doing so, he exceeded the level of the same period of the previous year by 15.0 percent. Last but not least, the group of companies owed strong growth to its two main brands: Sinsay’s proceeds rose 30.8 percent to 2.75 billion złoty, reserved achieved an increase from 22.0 percent to 1.39 billion złoty.
Management lowers sales forecast for the current year
The operational result reached a height of 464 million złoty, which corresponded to an increase of 12.9 percent compared to the previous year. The net profit, which is due to the shareholders, grew by 21.0 percent to 334 million złoty (79 million euros).
However, management reduced its sales forecast for the current financial year, which had previously been 25 to 26 billion złoty, to 23 to 24 billion złoty. The decision was justified with business development in the first weeks of the second quarter. “Exceptionally low temperatures” in Poland and in the rest of Europe, the demand for spring/summer collections would have subdued, the company said.