Esotiq & Henderson had a net profit of PLN 17.57 million, and EBITDA of PLN 37.4 million in 2021

Esotiq & Henderson recorded PLN 17.57 million of consolidated net profit attributable to shareholders of the parent company in 2021, compared to PLN 5.5 million a year earlier, the company said in the report.

The operating profit amounted to PLN 22.73 million versus PLN 7.82 million profit a year earlier.

Consolidated sales revenues reached PLN 205.85 million in 2021 compared to PLN 173.74 million a year earlier.

“The Polish manufacturer of exclusive women's underwear recorded the best financial results in its history in 2021. Consolidated sales revenues increased by 18.5% y / y to PLN 205.9 million, EBITDA was PLN 37.4 million (an increase by 64.6% y / y), and net profit was PLN 16.3 million (an increase by 325 % y / y). The group also managed to stay high at 65%. the gross margin on sales ”- we read in the release.

“We have stopped selling in Russia, where we have one store, and we have suspended 8 out of 23 stores in Ukraine. However, this will not have a major impact on our sales, as these markets account for less than 2% of our volume. We want to open new stores, but we are very careful about it. This year, the most important thing for us will be profitability. We expect further dynamic sales growth and the development of the showroom network, but we will focus on the most promising locations. We definitely prefer quality over quantity. We plan to expand the Esotiq chain in Poland by 10 stores, incl. in: Manufaktura in Łódź, CH Forum Gliwice, Pasaż Grunwaldzki in Wrocław, Wołomin, Bielsko Biała and Tarnów, and 5 stores abroad. In addition, we are in advanced talks on the opening of Esotiq stores with partners from the Arab Emirates, Kuwait and Saudi Arabia who want to become our master franchisees, "said President Adam Skrzypek, quoted in the release.

On a standalone basis, the net profit in 2021 amounted to PLN 17.38 million compared to PLN 1.47 million profit a year earlier.

Esotiq & Henderson is a company that designs, manufactures and sells clothing and cosmetic products. In July 2015, the company moved to the main market of the WSE from NewConnect, where it was listed since June 2011.

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