February 4, 2020 / 8:44 AM / in 20 days

BRIEF-Poland's LPP Plans To Increase Revenue, Expects Capex At About 1.12 Bln Zlotys In 2020/21

Feb 4 (Reuters) - LPP SA:

* SAYS IT SEES ITS RETAIL SPACE GROWING 16% IN 2020/2021 TO 1,431.7 STORES

* PLANS CAPEX AT ABOUT 1.12 BILLION ZLOTYS ($288.48 MILLION)

* PLANS TO OPEN STORES IN NORTH MACEDONIA IN H2 2020

* SAYS AIMS AT DOUBLE-DIGIT REVENUE GROWTH AND IMPROVEMENT OF OPERATING MARGIN IN 2020/2021

* PLANS FURTHER E-COMMERCE GROWTH ON NEW MARKETS

Source text: bit.ly/2ShavAg

Further company coverage: ($1 = 3.8824 zlotys) (Gdansk Newsroom)

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