Wittchen had PLN 42.24 million in net profit, and PLN 53.65 million in EBIT in 2021

Wittchen recorded PLN 42.24 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 13.27 million of profit a year earlier, the company said in the report.

The operating profit amounted to PLN 53.65 million versus PLN 18.44 million profit a year earlier.

Consolidated sales revenues amounted to PLN 277.74 million in 2021 compared to PLN 211.04 million a year earlier.

“Despite the ongoing COVID-19 epidemic, but also as a result of the above-mentioned activities, the group generated 32% more revenue in the 12 months ended December 31, 2021 compared to 2020. At the same time, it should be noted that the level of sales achieved by the online stores owned in Poland and abroad, together with the revenues from marketplace platforms, constitutes 53% of the total revenues of the group for 2021. In 2020, this share was 51%, ”reads the management's report.

On a standalone basis, the net profit in 2021 amounted to PLN 41.47 million, compared to PLN 8.34 million profit a year earlier.

Wittchen is a seller of leather accessories and accessories. It also sells leather footwear and clothing as well as travel accessories. The company has been listed on the WSE since 2015.

Source