World Footwear

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CCC with 21.5% revenue growth

Aug 31, 2015 Poland
CCC with 21.5% revenue growth
The Poland-based company has announced the results for the first semester of the year marked by dynamic revenue’s performance
By the end of the first semester the Poland- based group had a total number of 735 outlets, of which 676 are own stores or agencies, and the remaining 59 are franchised points of sales. Poland, the home country of the brand, concentrates most of the stores (426 own and agency and 6 franchise stores).

Revenue in the first semester of the year reached 245 million euros, up by 21.5% from similar period in 2014. Net profit for the period totaled 26.3 million euros, up by 59.0% from the first semester in 2014 (16.5 million euros million euros)

In terms of the geographic structure of sales in the first half of the year, it remained broadly in line with similar period in 2014. 65.9% from the global first semester total sales where generated in Poland, which compares to 71.7% in similar period last year. This is followed at distance, by Czech Republic with a share of 8.7% (8.2%), Hungary with 6.1% (6.4%) and Slovakia with 5.1% (4.6% last year).

Women’s footwear is still the major category of products, generating 53.4% of total sales (compares to 51.2% in the first semester of 2014). Men’s footwear follows with a 23.6% share (compares to 23.5% in similar period last year), and kids footwear with 14.3% (14.9% last year). Bags, Shoe care products, and other types of producst all have residual shares below 5%.

2015 for CCC marks the last year of the three year strategy of foreign expansion announced back in August 2012. The strategy is to be continued in 2016-2017, while the main base of growth in Europe is to remain in CEE, SE and Baltic regions.

Strategy of dynamic foreign expansion is being continued throughout 2015, with the base of growth remaining in a group of four countries - Poland, Czech Republic, Slovakia and Hungary. Outside this area significant investments are being conducted in Western Europe’s markets, such as Germany and Austria.

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