LPP SA (WAR:LPP)

zł 17400 -50 (-0.29%) Market Cap: 32.28 Bil Enterprise Value: 35.09 Bil PE Ratio: 20.09 PB Ratio: 6.84 GF Score: 94/100

Half Year 2022 LPP SA Earnings Call Transcript

Oct 06, 2022 / 09:00AM GMT

Release Date Price: zł8275 (+3.05%)

Transcript

Magdalena Kopaczewska

LPP SA - IR & Sustainable Reporting Manager

Hello. Welcome, Magdalena Kopaczewska, Investor Relations, LPP; and Przemyslaw Lutkiewicz, Vice President of the Management Board. Welcome.

I would like to welcome you to our results conference for the second quarter where we will tell you about key interesting events since our last meeting. We will also discuss our financial results for the second quarter and tell you more about our plans for the future. At the end as usual, there will be a Q&A session for you.

Let's start with the key corporate events. In July, we opened another Reserved store in Israel. It's fourth store of our flagship brand in that country. It is dedicated to the ladies collection, and it's placed in a shopping mall in a very great location in Tel Aviv, often frequented by tourists and residents alike. What's worth emphasizing is that Israel is a country where we have the biggest number of stores of Reserved brand from among the Middle East countries.

Simultaneously to the development of our flagship Reserved brand, recently, we

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