LPP generated PLN 2.1 bn revenues from May to July 2020

In the period from May to July, LPP generated PLN 2.1 bn revenues and operating profit of PLN 32.3 m. Revenues were lower than in the comparable period last year by 9%.

The pick-up in revenues in that period was due to lifting the economic lockdown restrictions and record e-commerce turnover, which translated into PLN 3.3 bn of total revenues in H1, a fall YoY by 20.6%.

Three-digit dynamics in the online channel, which reached 125% YoY, provided LPP with revenues exceeding PLN 621 m. Thus, online sales in Q2 accounted for 29.2% of the Group’s turnover and 30.9% from Poland, which accounted for approximately 48% of the total online revenues.

Despite the continuing difficult situation in all markets, Q2 of 2020/21 turned out to be another one for LPP withe foreign revenues exceeding the domestic ones. In the period from May to July, they accounted for nearly 55% of total revenues.

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