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Tuesday | October 20 | 2020

CCC revenues recovered after the coronavirus pandemic lockdown

CCC reported a revenue increase for Q2 and Q3 2020 of 82% and 60% year on year, respectively.

CCC’s LFL sales surged quarter on quarter, from -48% in Q2 to -16% in Q3, driven by a steady increase in foot traffic at the CCC stores, significant conversion levels, and purchase baskets.

The share of e-commerce sales (carried out through 64 online platforms) in the group’s revenue in Q2 2020 was close to 50%, compared with 23% a year earlier, and in Q3 2020 it was 38% (preliminary data), relative to 25% a year earlier.

In Q2 and Q3, CCC significantly developed its online points of contact with the customer by launching 12 new desktop platforms and applications on new foreign markets.

In Q2, the e-commerce revenue from platforms other than eobuwie reached PLN 156m (25% of the e-commerce segment’s sales).

Eobuwie posted revenues of PLN 538m (up 54% year on year) for Q2 2020 and almost tripled its EBITDA margin, up 9.1pp year on year (to 14.1%).

At the end of Q2 2020, the total area of the CCC sales network was 762,000 m2 (including KVAG 74,000 m2). At the end of September 2020, the CCC Group was present in 29 countries.

In 22 of them CCC operated more than 1.209 traditional stores (including 156 KVAG stores), and had an online presence in 17 countries.

The group operates a total of 66 online platforms across Europe, including eobuwie.pl, ccc.eu, MODIVO, DeeZee, and Gino Rossi.

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