LPP SA (LPPSY) Q1 2027 Earnings Call Transcript

Monika Wszeborowska

Good afternoon, Monika Wszeborowska. I would like to welcome you at the conference — LPP Conference results — on the results of the first quarter. With me here is Marcin Bojko, CFO; and Magdalena Kopaczewska, Investor Relations representative.

We presented the results from the first quarter, how they reflects the reality in our activity. We will talk about to you in a moment. We would like to present to you our plans for this year, but also we would like to refer to our plans for the next three years regarding our development, development of our stationary network.

During this meeting, we would like to present to you our financial goals for 2026 and ’27 and the entire meeting will end with Q&A. You can ask questions via chat that is visible on your screens. It’s already active, and it will be active till the end of today’s conference. After the conference, if you have any additional issues or questions, please contact our Investor Relations Department and lpp.investor.relations@lpp.com or via our media@lpp.com.

So let’s move on to the results from the first quarter. Thank you. Traditionally, the summary of the first quarter, let’s start with most important operational events. In the first quarter of ’26, we opened 121 new stores, 102 in Sinsay brand according to our plans for this time. At the same time, we spent already PLN 600 million (sic) [ PLN 562 million ] for investment within the first quarter. Close to PLN 3 million (sic) [ PLN 300 million ] was allocated for logistics.

This year is not going to be a record-breaking year, but constantly, we’ve been investing