CCC footwear targets 40pct y/y net profit growth this year
February 21, 2013
Footwear producer and retailer CCC (formerly NG2) wants to increase its net profit by 40% year on year in 2013 and record PLN 1.7 billion in revenues, company officials said at a press conference.
"Our goal for this year is to improve net profit by over 40%," deputy CEO Piotr Nowjalis said.
On the revenue side, the group targets PLN 1.7 billion versus PLN 1.32 billion in 2012 as it expects to increase retail space by 60,000 square meters and targets a 5% LfL sales increase, CEO Dariusz Milek said.
"We want to reach PLN 1.7 billion revenues this year," he said. "Next year, revenues may increase to PLN 2 billion and reach PLN 2.5 billion in 2015," Milek added.
Retail space increase will entail opening at least 150 new stores, according to the CEO. That figure includes 50 new shops in Poland, 30 in the Czech Republic and Slovakia, 30 in Hungary and 20 in Romania, company officials said. CCC will also open trial shops in Austria, Slovenia, Croatia and Turkey, Nowjalis said.
At the end of 2012, CCC had 709 own and franchise shops.