LPP has reported that its March 2007 revenues came in at PLN 106m, up 108% y/y. As a result the 1Q07 revenues came in at PLN 265m, up 74% y/y.
Our view: We believe the news should have a strong positive trading impact. The revenue figures are higher than our expectations. The growths point to very good reception of Reserved's collection with a broad appeal and should allow LPP to record strong margins.