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CCC SA (CCCP.WA)

CCCP.WA on Warsaw Stock Exchange

59.40PLN
23 Nov 2020
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0.68zł (+1.16%)
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Latest Key Developments (Source: Significant Developments)

CCC Signs Loan Agreement For Up To 250.0 Mln Zlotys In Total
Friday, 6 Nov 2020 

Nov 6 (Reuters) - CCC SA ::SAID ON THURSDAY THE COMPANY HAS SIGNED JOINT FINANCING AGREEMENT WITH BANKS FOR 2-YEAR-LONG REVOLVING LOANS FOR UP TO 250.0 MILLION ZLOTYS IN TOTAL.THE AGREEMENT IS PART OF A FINANCIAL STABILISATION PLAN WHICH IS BEING IMPLEMENTED BY THE COMPANY DUE TO NEGATIVE EFFECTS OF THE COVID-19 PANDEMIC.  Full Article

CCC Prelim Q2 EBITDA At 40 Mln Zlotys
Wednesday, 1 Jul 2020 

July 2 (Reuters) - CCC SA ::REPORTED ON WEDNESDAY PRELIM Q2 SALES INCLUDING PROVISIONS 1.29 BILLION ZLOTYS VERSUS 1.64 BILLION ZLOTYS YEAR AGO.PRELIM Q2 EBITDA INCLUDING PROVISIONS 40 MILLION ZLOTYS VERSUS 321 MILLION ZLOTYS YEAR AGO.PRELIM Q2 OPERATING LOSS INCLUDING PROVISIONS 112 MLN ZLOTYS VERSUS PROFIT OF 138 MILLION ZLOTYS YEAR AGO.PRELIM Q2 GROSS MARGIN INCLUDING PROVISIONS 48.0% VERSUS 51.2% YEAR AGO.PRELIM Q2 LFL SALES -49% VERSUS -3% YEAR AGO.THE RETAIL SPACE HAS INCREASED BY 2,000 SQM SINCE THE BEGINNING OF THE YEAR.THE COMPANY WILL LIMIT THE OPENING PLAN LATER THIS YEAR DUE TO CORONAVIRUS EPIDEMIC.THE COMPANY RECOGNISED IN Q2 PROVISIONS IN AMOUNT OF 147 MLN ZLOTYS RELATED TO RESTRUCTURING ON THE SWISS MARKET, ACTIVITIES RELATED TO CLOSURES OF SELECTED STORES ON THE GERMAN MARKET, CLOSING SPORT SPONSORSHIP ACTIVITY AND ONE-OFF COSTS RELATED TO REFINANCING OF CCC GROUP .  Full Article

Ultro Ups Stake In CCC To 31.12%
Wednesday, 20 May 2020 

May 20 (Reuters) - CCC SA ::ULTRO UPS STAKE IN CO TO 31.12% FROM 24.84%.  Full Article

Dariusz Milek Lowers His Indirect Stake In CCC To 24.84%
Thursday, 14 May 2020 

May 14(Reuters) - CCC SA ::SAYS DARIUSZ MILEK LOWERS HIS INDIRECT STAKE IN COMPANY VIA ULTRO AND ULTRO HOLDING TO 24.84% FROM 29.85%.  Full Article

CCC Raises 506.9 Mln Zlotys In New Share Issue
Thursday, 30 Apr 2020 

April 30 (Reuters) - CCC SA ::SAYS THE COMPANY HAS PLACED 1.7 MILLION SHARES UNDER NEW ISSUE.THE PROCEEDS FROM THE SHARE ISSUE AMOUNT TO 506.9 MILLION ZLOTYS.THE PROCEEDS WILL BE USED TO BOOST REVOLVING CAPITAL, INCLUDING PURCHASE OF FALL-WINTER 2020 PRODUCTS.  Full Article

CCC Starts Book Building Process
Monday, 27 Apr 2020 

April 27 (Reuters) - CCC SA ::STARTS BOOK-BUILDING PROCESS VIA PRIVATE SUBSCRIPTION OF NO MORE THAN 6.850.000 ORDINARY I SERIES SHARES.BOOK-BUILDING PROCESS ALSO INCLUDES NO MORE THAN 6.850.000 OF ORDINARY J SERIES SHARES.AIM IS TO INCREASE OPPORTUNITIES OF CO'S LIQUID SHARES TO BE ACQUIRED BY INVESTORS.INTENTION OF ULTRO IS SUBSCRIBING FOR UP TO 6.850.000 J SERIES SHARES.ISSUE PRICE OF SHARES FROM NEW ISSUE CANNOT BE LOWER THAN 30 ZLOTYS PER SHARE AND SALE PRICE WILL BE EQUAL TO ISSUE PRICE.  Full Article

CCC Q1 Net Loss Widens To 339.9 Mln Zlotys
Friday, 24 Apr 2020 

April 24 (Reuters) - CCC SA ::REPORTS Q1 NET LOSS 339.9 MILLION ZLOTYS VERSUS LOSS 152.6 MILLION ZLOTYS YEAR AGO.Q1 REVENUE 965.1 MILLION ZLOTYS VERSUS 1.04 BILLION ZLOTYS YEAR AGO.Q1 OPERATING LOSS 309.8 MILLION ZLOTYS VERSUS LOSS 148.6 MILLION ZLOTYS YEAR AGO.Q1 CONSOLIDATED GROSS MARGIN FROM SALES 42.8% VERSUS 47.4% YEAR AGO.AT END-MARCH GROUP'S SALES NETWORK INCLUDED 1,211 CCC NETWORK STORES.AS OF REPORT PUBLICATION GROUP HAS SECURED MERCHANDISE FOR SALE IN SPRING-SUMMER 2020.REGARDING CAPEX THE COMPANY ASSUMES LIMITATIONS AND SHIFTS, UPHOLDS ASSUMPTIONS OF GO.22 STRATEGY.IN MID AND LONG TERM GROUP SEES SIGNIFICANT DROP IN SHOE MARKET VALUE IN 2020 AND ITS RESTORATION 2021, ASSUMING LACK OF ADMINISTRATIVE CLOSURE OF STORES IN 2021.AT END-MARCH GROUP'S RETAIL SPACE AMOUNTED TO 753,900 m2, DOWN 6.1 tys. m2 VERSUS END-2019.THE COMPANY IS CONSIDERING BOOKING A PROVISION IN Q2 TO COVER RESTRUCTURING COSTS.  Full Article

CCC Agrees On Settlements With Financing Institutions
Friday, 24 Apr 2020 

April 24 (Reuters) - CCC SA ::SAYS CREDITOR CREDIT COMMITTEES HAVE AGREED TO CONCLUDE DEALS WITH THE COMPANY AND THE GROUP'S SELECTED UNITS (DEBTORS) ON SPECIFIC TERMS OF MAINTAINING FINANCING CONCERNING THE COMPANY'S AND GROUP'S TOTAL FINANCIAL LIABILITIES.CREDITORS UNDER AGREEMENT ARE BNP PARIBAS BANK POLSKA, BANK HANDLOWY, BANK MILLENIUM, PEKAO, MBANK, PKO BP, SANTANDER BANK POLSKA AND SANTANDER FACTORING.EOBUWIE.PL AND ITS UNIT ARE NOT PART OF THE DEAL.THE DEAL AFTER ITS CONCLUSION WILL REMAIN IN FORCE TILL APRIL 30, 2021.EACH OF THE CREDITORS WILL CONDUCT CREDIT ANALYSIS REGARDING GRANTING THE COMPANY ADDITIONAL FINANCING SECURED BY A 200 MILLION ZLOTY GUARANTEE FROM BANK GOSPODARSTWA KRAJOWEGO (BGK).THE COMPANY'S APRIL 16 APPLICATION FOR A 250 MILLION ZLOTY LOAN TO THE GROUP FROM PKO BP, WHICH WILL ACT AS CREDITORS COORDINATOR, IS IN THE PROCESS OF CREDIT PROCEDURE AND CONFIRMATION FROM BGK OF THE TERMS OF THE SURETY.THE DEAL PROVIDES FOR MAINTAINING AVAILABILITY OF FINANCIAL PRODUCTS, ENSURING AVAILABILITY ON EXISTING TERMS AND CONDITIONS OF LIMITS GRANTED ON THE BASIS OF APPLICABLE DOCUMENTS AND EXTENDING AVAILABILITY PERIOD OF FINANCIAL INSTRUMENTS, INCLUDING AVAILABILITY PERIODS: CREDITS, FACTORING, GUARANTEE LIMITS AND LIMITS FOR FORWARD TRANSACTIONS, GRANTED, DELIVERED OR ISSUED BY THE CREDITORS TO THE COMPANY AND LIABILITIES UNTIL 30 APRIL 2021.TOTAL AMOUNT OF FUNDING AVAILABLE AT 31 MARCH 2020 WILL REMAIN AVAILABLE FOR THE PERIOD UNTIL 30 APRIL 2021.  Full Article

CCC To Run Strategic Options Review For Unit Karl Voegele
Wednesday, 22 Apr 2020 

April 22 - CCC SA ::SAID ON TUESDAY THE COMPANY HAS RESOLVED TO RUN STRATEGIC OPTIONS REVIEW FOR ITS SWITZERLAND-BASED UNIT KARL VOEGELE .THE PLANNED REVIEW WILL CONCERN ESPECIALLY THE ANALYSIS OF POSSIBILITIES OF KARL VOEGELE IN A BUSINESS MODEL BASED ON A SIGNIFICANTLY SMALLER NUMBER OF SHOPS AND/OR THE POSSIBILITY OF SELLING ASSETS OR FINDING A NEW INVESTOR FOR THE COMPANY.  Full Article

CCC Opens E-Commerce Channels To Customers In Austria And Hungary
Tuesday, 14 Apr 2020 

April 14 (Reuters) - CCC SA ::SAYS OPENS E-COMMERCE CHANNELS TO CUSTOMERS IN AUSTRIA AND HUNGARY.CEO JAKUB JASINSKI EXPECTS IMPORTANCE OF E-COMMERCE TO GROW SIGNIFICANTLY DUE TO CHANGES IN CUSTOMER BEHAVIOUR PATTERNS.IN Q1 E-COMMERCE REVENUE INCREASED TO 43% OF GROUP'S SALES VERSUS 28% YEAR AGO.AT END OF MARCH GROUP WAS PRESENT IN 29 COUNTRIES, WITH RETAIL STORES IN 23 AND THROUGH ONLINE CHANNEL IN 15.  Full Article

FOCUS-Polish retailers seek profits closer to home as coronavirus bites

* Retailers LPP and CCC set to add stores in east, central Europe