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CCC consolidates revenue growth while focusing on international expansion

Sep 26, 2014 Poland
CCC consolidates revenue growth while focusing on international expansion
Two digits growth continues to characterize the performance of the Polish footwear company, which added a new store in Romania to its distribution network
CCC SA, one of the largest distributor and manufacturer of footwear in Poland, announced consolidated revenues for the month of August reached 37.30 million euros, an amount higher by 57.5% compared to August 2013. Total revenue for the period January / August 2014 amounted to 276.72 million euros, a 34.9% growth from similar period in 2013.

Revenue from retail sales for August amounted to 35.0 million euros, up by 63.2% compared to similar period last year. Accrued revenue for the first eight months of the year amounted to 264.9 million euros, increasing by 36.1% from revenue reached in the analogous period in 2013.

The company strategic objective is to “become a leader in the footwear market in the Central and Eastern Europe”, and to achieve that CCC has planned a development of its network sales, especially in their own retail outlets, leading to “increase of the market share and strengthening the leadership in the domestic footwear market as well as gaining the position of the biggest player in other countries of Middle Europe – in the Czech Republic, Slovakia and Hungary.”

The company closed financial 2013 with a very dynamic growth as in the fourth quarter net revenue from sales increased at a 33.7% rate and net profit was 1.8 higher than in similar period in 2012, a 77.7% growth.

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