Strong plunge in CCC share prices

Strong plunge in CCC share prices

Since the beginning of the year, CCC share prices on the Warsaw Stock Exchange have fallen by 43 per cent. They are the lowest since November 2020.

This is a result of the company’s poor results for the last quarter of last year, which disappointed investors. Admittedly, the company recorded over PLN 2 billion in revenues, but its operating loss is at the level of PLN 113 million. Net debt was 26 per cent higher than a year earlier. According to Tomasz Sokołowski, analyst from Santander Bank Polska, if CCC investments do not bring good effects, the company’s situation may be very difficult. The clothing and footwear tycoon may be one of the biggest losers of the increase in financing costs. It is connected with interest rate rises.

Source: https://businessinsider.com.pl/finanse/akcje-ccc-nie-moga-znalezc-dolka-trwa-wyprzedaz-zapoczatkowana-przez-slabe-wyniki/7w393s1

 

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