Intersport Polska recorded a net loss of PLN 26.41 million in the financial year 2020/2021 (which lasted from April 1, 2020 to March 31, 2021) compared to a loss of PLN 6.17 million a year earlier, the company said in the report.
The operating loss amounted to PLN 26.54 million compared to PLN 5.75 million loss a year earlier.
Sales revenues reached PLN 156.32 million in 2020/2021 compared to PLN 208.7 million a year earlier.
“The net revenues from sales in the financial year 2020/2021 amounted to 156 million PLN and were 25.1% lower than the same 2019/2020 period, mainly due to the drastic decrease in turnover related to the development of the COVID-19 pandemic in Poland, and thus the closure of stores, which resulted in a total lack of sales in the offline channel for a total of 3 months (74 working days less than in the previous year ). The company achieved results in individual channels: stationary stores – net sales amounted to 84 million PLN and were 43.3% lower than in the same period; In the e-commerce channel, net sales amounted to 19 million PLN and were 63.9% higher than in the same period. Net sales in the wholesale channel amounted to 52 million PLN and were 11.9% higher compared to the same period, ”wrote President Marek Kaczmarek.