The CCC Group reports a three-fold increase in operating profit and industry-leading EBITDA margin for its CCC business line in the second quarter of 2024
In the second quarter of 2024 (May–July 2024), the CCC Group reported an over three-fold increase in operating profit and a sharp improvement in its EBITDA margin. Revenue rose by 6%, with sales growth across CCC, HalfPrice, and the Modivo Group. This quarter again saw sharp gross margin improvements in HalfPrice (up by 13pp) and CCC (up by 5pp). Each business line reported a lower cost-to-revenue ratio year on year, thanks to continued tight cost discipline. In July, the Group successfully completed the refinancing of its CCC Business Unit, which is expected to lower financing costs and unlock further growth potential for its most profitable and proven business formats in the coming quarters.