HalfPrice stores new CCC Group results in 2022

According to CCC Group estimates, Gross margin on sales in the first quarter increased by 5.9pp. y/y at 49.2 percent This is the company’s second highest quarterly gross margin in the past 3 years.

The company said the group’s margin increase was mainly due to its y/y improvement of almost 10pp. in the CCC segment.

CCC informed that its first quarter sales were strongly influenced by external factors such as the pandemic, the unfavorable macroeconomic environment for the consumer and the war in Ukraine.

April is much better for the CCC group than February and March

– The last quarter has shown that even in a very difficult economic environment, we are able to generate growth and react quickly to changes in the external environment. Of course, we are counting on an easing of the market situation and a greater stimulation of demand. April was a much stronger month in this respect than the first half of the quarter and we expect this trend to continue. – said CCC President Marcin Czyczerski, quoted in the statement.

The share of e-commerce in group revenues fell to 55%. from 62% a year earlier.

In the CCC segment, sales increased by 40%. up to 790 million PLN. Sales this year are up 3 percent. higher than the revenues generated by this brand in the corresponding quarter of 2019 (i.e. not burdened by the pandemic), despite being down more than 3%. Commercial space.

The youngest concept of the group, HalfPrice generated revenues of PLN 118 million in the first quarter of 2022. DeeZee’s turnover in the first quarter was similar to that of last year and amounted to 26 million PLN.

The group’s gross profit on sales amounted to almost PLN 928 million (50% more than the previous year). Cost dynamics over the past period were similar to the revenue growth rate.

In the first quarter of 2022, CCC Group ended with an EBITDA margin of 5.8%, an increase of 3.4pp. yy.

– Along with strategic development investments, we are successively rebuilding operational profitability after the pandemic. Despite the unfavorable market environment, we improved our operating result by PLN 56 million year-on-year. In the following quarters, we will continue to generate increases steadily – said Vice President Kryspin Derejczyk.

Decline in Modivo group profit

Modivo Group generated a gross margin of 43.5%, an increase of 0.4 percentage points. yy. SG&A expenses (sales, general and administrative expenses increased by 35% year-on-year, and their momentum is also the result of the implementation of development projects – expansion of logistics, sales support systems, as well as of activities related to setting up the marketplace percentage

The Modivo Group generated an EBITDA of 59 million PLN, with a margin of 6.4%.

By the end of the year. 100 HalfPrice stores

The number of CCC stores increased from 927 to 850 over one year, and their total retail area – by 10%. up to 553.9 thousand. square meters. Five eobuwie stores were opened during the year.

However, developed since the spring of last year. the HalfPrice channel at the end of April this year. already had 66 stores with a total area of ​​106.5 thousand. square meters.

CCC Group’s strategy assumes opening around 250 stores in the network by 2025, and by the end of the year we want our network to already have 100 stores. We are on track to achieve this goal, said Adam Holewa, CEO of HalfPrice, quoted in the press release.

The company said that during the year, HalfPrice fixed stores were visited by 16.2 million customers and nearly 50,000 were placed in the online store launched in December. orders.

HalfPrice is present in six European countries outside Poland – in Austria, the Czech Republic, Croatia and Slovenia, as well as in Hungary and Slovakia.

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