CCC upholds the plan to carry out the IPO Modivo in 2022-2023

The management board of CCC upholds the IPO plan of Modivo (formerly eobuwie.pl) in 2022 or 2023, the president, Marcin Czyczerski, informed.

“We maintain the framework for the year 2022-2023 and at the moment we are not changing our plans in this regard. We see a cooling down of the economy around. We know what assets we have in the group and what potentials are still ahead of him, ”said Czyczerski during the press conference.

Vice-president Kryspin Derejczyk reminded that the strategy included a long-term goal of 8-10% of Modivo's EBITDA margin. According to his words, it will be lower for the time being due to the planned investments.

Modivo is a European e-commerce leader in the sale of clothing, footwear and accessories, which combines the offer of eobuwie.pl and Modivo. The company's sales platforms are available in several European countries. The company also conducts stationary sales in the largest Polish agglomerations.

The CCC Group is the leader of the Polish footwear retail market and one of the largest footwear manufacturers in Poland. The company has been listed on the Warsaw Stock Exchange since 2004.

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