CCC excels in this year gross profit of approx. 300 million zł – Onet.pl

“We aim this year in profit before tax at a level close to 300 million zł” – said Nowjalis at a meeting with investors.

With consensus estimates indicate that the market expects zł 292 million in gross profit in 2015.

After the first quarter, the CCC group has zł 432 million in revenues, 10.4 million zł operating profit of 0.9 million zł gross profit and 6, 4 million zł net profit.

Gross margin was 51.6 percent. to 52.3 per cent. a year earlier.

Vice President explained that the level of margins in the first quarter was influenced by foreign activities.

“Abroad, our products are priced more expensive than in Poland by 10-20 percent. With the participation of foreign sales at 34 per cent., it had to have an impact on margins, “- said Nowjalis.

In the second half of the year obtained the company’s margins should be higher.

“We expect that margins in the second half of the year will be higher than the first due to the modification of prices for products in the autumn-winter season and large product inventory from the previous year “- said Nowjalis.

He added that the company has approx. 3 million pairs of shoes that were on last season autumn-winter, of which 1.5 million did not have left the warehouse.

“About as much less of the goods ordered for this year’s season,” – said Nowjalis.

He also said that because of smaller orders in China should expect “decent” cash flow in the third quarter.

CCC is satisfied with the sales of the second quarter.

“We are in good spirits after April. In May, we expect a fairly high dynamics of sales and certainly positive LFL “- said vice-president.

recalled, that the company assumed LFL sales growth of 3 per cent. in the first half of the year in the CCC in Poland and about 6 per cent. in the second half of the year.

“After the first days of May we LFL growth of 2.8 percent. in Poland. We go according to plan, “- he said.

He added that in the Czech Republic and Slovakia are comparable sales increase double-digit.

He noted that the current season is characterized by a “normal weather.”

“In April we sold shoes and shoes spring, in May, we sell shoes of summer” – said Nowjalis.

Vice President of estimated deferred tax impact on this year’s net profit of 13 million zł every quarter.