Q1 2019 LPP SA Earnings Presentation Transcript

May 28, 2019 / 10:30AM GMT
Presentation
May 28, 2019 / 10:30AM GMT

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Corporate Participants
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* Marek Piechocki
LPP SA Capital Group - President of the Management Board
* Przemyslaw Lutkiewicz
LPP SA Capital Group - VP of the Management Board & Financial Controller

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Przemyslaw Lutkiewicz - LPP SA Capital Group - VP of the Management Board & Financial Controller

Good afternoon, ladies and gentlemen. Welcome. Welcome to the conference dedicated to LPP results after the first quarter 2019.

The first quarter has already ended. But remember, it is always the first -- the most difficult quarter in our industry because January and February are sales months, and we introduced new collections, Spring collection in March with a full price and margin. The same happened this year, but we are very happy about the sales results, over 15% growth of sales year-on-year with the whole capital group. And LFLs grew quite fine by 11% -- over 11%. And also, e-commerce grew, and the sale here grew almost by

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