CCC financial results IVQ 2014 press release
CCC S.A., the largest distributor and manufacturer of footwear in Poland, developed in IVQ 2014, 312,3 million PLN net profit at 682,0 million PLN revenue from sales. The operating profit amounted to 102,9 million PLN and EBITDA was 124,1 million PLN.
In IVQ the CCC Group continued the plans of expanding the own sales network which on 31.12.2014 was 278,3 thousand square meters. Total sales area, including franchise stores in the country and abroad, amounts 305,3 thousand square meters.
According to strategic objective of the CCC Group for 2013-2015, which is becoming a leader in the footwear market in the Central and Eastern Europe, the Group continued expansion in Poland, Czech Republic, Slovakia and Hungary. Moreover, the CCC Group started expansion in Austria, Slovenia, Croatia, Turkey and Germany. In Romania, Baltic countries, Russia, Kazakhstan and Ukraine the CCC intends to expand the network of franchise stores.
FINANCIAL RESULTS OF CCC GROUP AFTER FOURTH QUARTER OF 2014
Detailed financial data of CCC are as follows:
| In thousands of PLN | Q4 2014 | Q4 2013 | change (value) | change (%) |
| Net revenues of sales | 682 030 | 583 404 | 98 626 | 16,9% |
| Operating profit | 102 876 | 94 972 | 7 904 | 8,3% |
| Net profit | 312 342 | 70 419 | 241 923 | 343,5% |
FOREIGN EXPANSION
Sales network abroad at the end of December 2014 included 275 own stores, inter alia: 79 in Czech Republic, 57 in Hungary, 30 in Slovakia, 31 in Romania, 17 in Austria, 27 in Germany, 8 in Croatia, 6 in Slovenia, 3 in Turkey.
Main strategic objective remains a further development of network sales, especially of own retail outlets, which will lead to the increase of the market share and strengthening the leadership in the domestic footwear market and abroad. Till the end of 2015 CCC means to gain the position of the leader also in the Czech Republic, Slovakia and Hungary.
In the years 2013-2015 we plan to double the sales network, around 200 thousand square meters.
Number of stores of CCC Group
| Number of stores | Condition on 31.12.2013 | Condtition on 31.12.2014 |
| CCC Poland - own stores | 342 | 366 |
| CCC Poland - agency | 37 | 39 |
| CCC Poland - franchise | 8 | - |
| CCC Russia/Latvia/Kazakhstan/Ukraine - franchise | 15 | 17 |
| CCC Romania - franchise | 19 | 31 |
| CCC Czech Republic | 73 | 79 |
| CCC Slovakia | 25 | 30 |
| CCC Hungary | 50 | 57 |
| CCC Austria | 6 | 17 |
| CCC Slovenia | 2 | 6 |
| CCC Croatia | 3 | 8 |
| CCC Turkey | 2 | 3 |
| CCC Germany | 4 | 27 |
| LASOCKI | 20 | 8 |
| BOTI - own stores | 72 | 34 |
| BOTI - franchise | 34 | 7 |
| Total number of unites | 712 | 729 |
Piotr Nowjalis, the Vice President of the Management Board:
"The fourth quarter is characterized by a high gross sales profit margin resulting in improved profitability at all levels of financial results. The fourth quarter was also characterized by the restructuring of the CCC Group's business related to the separation of the ORGANIZED PART OF AN ENTERPRISE (Purchase Group), which took on itself all the functions of purchasing, marketing and price and sales management. The tax asset created deferred from this increased the consolidated net profit of about 230 million PLN. The result adjusted by the effect of business restructuring is estimated by the Company at approx. 220 million PLN. "
For further information:
Piotr Nowjalis
The Vice President of the Management Board, a CFO
Tel. (76) 84 58 420
e-mail: [email protected]
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The Group CCC is a leader in the Polish retail footwear market and the largest manufacturer in Poland.The Capital Group of CCC consists of CCC S.A. - The company managing the network sales, CCC Factory Ltd., dealing with the production of footwear, NG2 Suisse S.a.r.l., the company managing the company trademarks, companies managing sales on foreign markets; CCC Czech s.r.o., CCC Slovakia s.r.o., CCC Hungary Shoes Kft, CCC Austria Ges.m.b.H., CCC Germany G.m.b.H., CCC Hrvatska d.o.o., CCC Obutev d.o.o., CCC Shoes Turkiye. Sales of a collection is run in total in more than 700 outlets under the brands of CCC, BOTI and Lasocki. Suppliers of shoes for the Company are both foreign manufacturers (especially sewing on behalf of the CCC, Chinese producers), domestic ones as well as our own production facilities. The CCC Group's share in the highly fragmented market of footwear is estimated at 19 -20%.
