SPÓŁKA AKCYJNA
LPP
LPP Spółka Akcyjna
LPP S.A. is a Polish family-owned apparel group headquartered in Gdańsk — one of the largest fashion companies in Central-Eastern Europe. It designs and sells clothing and accessories under five brands: Sinsay, Reserved, Cropp, House and Mohito. Operating in 46 countries on three continents through a network of more than 3,748 stores. In 2025 the group delivered PLN 23.109 billion in revenue (+14.4% YoY) and PLN 2.369 billion of cleansed net profit. Sinsay accounts for 54% of group sales and is the main growth driver. LPP is a WIG20 constituent; control is held by the founding Piechocki family.
What LPP actually sells and operates.
LPP's largest and fastest-growing brand. Design & Value positioning: low prices, family fashion, home, beauty, kids and sport categories. 2,388 stores at the end of January 2026; PLN 12.589 billion in 2025 revenue (+27.5% YoY).
LPP's flagship brand, founded in 1998. Mainstream/lifestyle with offerings for women, men and children. 357 stores, PLN 6.564 billion in 2025 revenue (~28% of group). Strong recognition across Central-Eastern Europe.
Urban brand aimed at young, bold customers. Communication built on music, street art and sport. 379 stores; PLN 1.175 billion in 2025 revenue.
Casual and denim brand for young customers. Built around everyday styles, denim fits and youth fashion. 380 stores; PLN 1.347 billion in 2025 revenue.
Women's brand with elegant and occasion offerings. Built for customers seeking everyday styles and special-event fashion. 244 stores; ~PLN 1.434 billion in 2025 revenue. International expansion including Greece.
2025 revenue
PLN 23.1 bn
Cleansed net profit 2025
PLN 2.37 bn
Gross margin
55.6%
Stores
3,748
Sinsay revenue share
~54%
Recommended dividend
PLN 900/share
Market capitalisation
40.37B PLN
Ranked #7 among the largest Polish companies in WIG-POLAND.
No arrears identified in the analyzed sources
No arrears or bankruptcy proceedings identified in the analyzed sources.
Main activity
47.71.ZRetail sale of clothing in specialised stores
Other activities
General codes (divisions and groups)
General codes indicate a PKD division or group without a specific subclass.
LPPSA.COMSelected excerpts from our analysis of LPP. Full analysis on the Analysis tab.
LPP S.A. is a Polish family-owned apparel group headquartered in Gdańsk - and one of the largest fashion companies in Central-Eastern Europe. The group designs and sells clothing, accessories, footwear, cosmetics and home products under five brands: Sinsay, Reserved, Cropp,…
Read the full company profile LPPLPP is a vertically integrated fashion retailer - the group designs collections and manages brands but does not run garment manufacturing itself. Sewing is outsourced to third-party suppliers (mostly in Asia), while LPP keeps control of design, brand, sales, logistics and…
Explore the business model LPPLPP's fiscal year 2025 ran from 1 February 2025 to 31 January 2026. The company delivered an ambitious expansion plan - revenue exceeded PLN 23 billion, sales floor space rose ~25% YoY, and the network grew by 901 stores. Reported net profit fell on a one-off impairment, so…
See full financial performance LPPLargest Polish apparel group. Five recognisable brands across different positions (Sinsay, Reserved, Cropp, House, Mohito) give access to multiple demographic and price segments. Sinsay as growth engine. The brand delivers 54% of group revenue, runs 2,388 stores and is the…
Explore the strengths LPPHeavy dependence on Sinsay. Sinsay delivers 54% of group revenue. Any setback at this brand - operational, reputational or competitive - hits group results directly. A structural concentration risk. Sinsay's thin unit margin. Sinsay operates in a price segment exposed to cost…
Explore the weaknesses LPPScaling Sinsay in smaller cities and retail parks. Sinsay opens hundreds of new stores a year (+876 in 2025), capturing niches that global competitors (Inditex, H&M) do not always serve. Plenty of headroom in Poland, Czechia, Romania, Slovakia, Hungary. Expansion in Central…
Explore the opportunities LPPPrice competition in the value segment. Sinsay competes against Pepco, Primark, KiK, Action, Shein and Temu in a price-sensitive segment. Any of them can force price cuts and aggressive promotional pricing. Online competition - Shein, Temu, Zalando, About You. Low price,…
Explore the key risks LPPThe next 12–24 months will decide whether LPP can sustain Sinsay's expansion pace without losing margin and without saturating the Polish market.
Explore the outlook LPPLPP's strategy is built on scaling Sinsay, omnichannel development, logistics automation, mobile apps, AI and international expansion. The company is not creating new brands - it is concentrating on lifting the scale of the existing portfolio.
Explore the strategy LPPLPP runs a regular dividend policy. The company has consistently distributed profit to shareholders, though the scale of the payout depends on the investment cycle, expansion plans and leverage.
See the dividend policy LPPLPP is a listed company controlled by the founding family. Governance covers the Management Board, the Supervisory Board and internal committees. The Management Board is actively engaged in day-to-day operations.
Explore corporate governance LPPESG is for LPP a structural source of cost, risk and strategic leverage. The fashion industry is under continuous scrutiny from NGOs, regulators and customers regarding working conditions in the supply chain, climate footprint and responsible consumerism.
See the ESG profile LPPCredibility rating
78.1 / 100
Good credibility
Insolvency risk
Very low
Low threat
Closure risk
1
/ 100
Risk comparison - scale 0 (safe) → 100 (critical)
No instability signals - ownership, management, PKD codes and company name remain relatively stable.
Shareholder changes
0
0/25 yrs
Board changes
12
12/25 yrs
PKD changes
4
4/25 yrs
Name changes
0
0/25 yrs
Data from 25 years of registry activity.
Payment reliability score from 2004–2018
Current: B (78/100)
Trend: improving (+7.6 pts/year)
High payment credibility - the company's financial condition is good and the risk of cooperating with it is low.
Standard limit from 2004–2018
Current: 517.3 M PLN
Safe: 336.3 M PLN
Difference between risk models
Closure - probability of ceasing operations (operational continuity). Insolvency - probability of formal bankruptcy / restructuring. The models use different data - results can diverge significantly when balance-sheet data is incomplete.
Listed on the Warsaw Stock Exchange
LPPISIN: PLLPP0000011Główny Rynek
Ranked #7 in WIG-Poland
Founded
February 14, 2001
25 years in operation
Legal form
SPÓŁKA AKCYJNA
Registry: RejP
Headquarters
GDAŃSK
POMORSKIE
Primary PKD
47.71.Z
Retail sale of clothing in specialised stores
Share capital
3.7 M PLN
Shareholders
N/A
Board
5 people
Sup. board: 5
Filed years
15 years
2004–2018
Registry entries
125
latest: April 15, 2026
Revenue
8.0 B PLN
2018
Net profit
505.2 M PLN
2018
Assets
5.4 B PLN
2018
Equity
2.9 B PLN
2018
EBITDA
1.1 B PLN
2018
Listing data for LPP on the Warsaw Stock Exchange (GPW) - share price, session change, market segment, industry sector, ISIN code and stock-index membership.
Quotes, shareholders, announcements
LPP
ISIN: PLLPP0000011
Global Legal Entity Identifier (LEI) for LPP from the GLEIF database - code, status, BIC, registered address and registration details.
LEI code
259400NUS7MKGPJL4752
Legal name
LPP SPÓŁKA AKCYJNA
Registry number
0000000778
Jurisdiction
PL
Registered address
Gdańsk Łąkowa 39/4480-769 GdańskPLHeadquarters
Same as registered address.
GLEIF data, retrieved 2026-05-19.
View 259400NUS7MKGPJL4752 on GLEIFRate business credibility - LPP.
Consumer brands owned by this company.
Explainer
Every Polish corporate entity publishes two documents each year in the KRS register: a balance sheet (what it owns and how it financed it) and an income statement (what it earned and spent). Together they hold 60–80 line items, but 5 simple ratios calculated from them are usually enough to judge a company's health in 15 minutes. A practical guide with real numbers from the Polish retail sector.
News
The LPP SA management board recommended a dividend of PLN 210 per share from 2025/26 fiscal-year profits - around PLN 388 m in total. At the current share price of PLN 21,880 the yield is just 1%, reflecting the growth-first strategy of a company controlled by the family of Marek Piechocki. Final dates will be set by the AGM in June 2026.
Ranking
Composition of WIG20 at the end of April 2026: the 20 largest and most liquid companies on the Warsaw Stock Exchange. The State Treasury controls eight constituents; foreign capital dominates three more. LPP's share price hits a record PLN 21,880 - over 2,300 times higher than the cheapest WIG20 share, Tauron at PLN 9.47.
News
Warsaw-based Ambra S.A. (KRS 0000041726, ul. Puławska 336) closed H1 of fiscal 2025/2026 with PLN 556.8 m of revenue and PLN 49.0 m of net profit, while raising capex by 212% to PLN 48.1 m - mainly for the soft-drinks line in Wola Duża and the PLN 11.9 m acquisition of a Romanian company. Despite the aggressive investment cycle the board keeps a PLN 1.10 dividend per share for the third year running (~5.9% yield).
Average annual headcount for LPP and its capital group by year - figures disclosed in the issuer's annual reports.
Number of employees hired directly by the company.
As of 2024
3,023
| Year | Headcount | YoY change |
|---|---|---|
| 2024 | 3,023 | +231 (+8.3%) |
| 2023 | 2,792 | +32 (+1.2%) |
| 2022 | 2,760 | +309 (+12.6%) |
| 2021 | 2,451 | -132 (-5.1%) |
| 2020 | 2,583 | +42 (+1.7%) |
| 2019 | 2,541 | +232 (+10%) |
| 2018 | 2,309 | +339 (+17.2%) |
| 2017 | 1,970 | +270 (+15.9%) |
| 2016 | 1,700 | +1,138 (+202.5%) |
| 2004 | 562 | -136 (-19.5%) |
| 2003 | 698 | +312 (+80.8%) |
| 2002 | 386 | +77 (+24.9%) |
| 2001 | 309 | +82 (+36.1%) |
| 1999 | 227 | +88 (+63.3%) |
| 1998 | 139 | -52 (-27.2%) |
| 1997 | 191 |
Consolidated headcount across the capital group.
As of 2024
22,821
| Year | Headcount | YoY change |
|---|---|---|
| 2024 | 22,821 | +1,332 (+6.2%) |
| 2023 | 21,489 | +1,627 (+8.2%) |
| 2022 | 19,862 | -3,198 (-13.9%) |
| 2021 | 23,060 | +4,162 (+22%) |
| 2020 | 18,898 | +1,041 (+5.8%) |
| 2019 | 17,857 | +736 (+4.3%) |
| 2018 | 17,121 | +713 (+4.3%) |
| 2017 | 16,408 | +6,826 (+71.2%) |
| 2016 | 9,582 | -5,418 (-36.1%) |
| 2012 | 15,000 | +14,007 (+1,410.6%) |
| 2004 | 993 |
GPW data, retrieved June 4, 2026.
Latest reporting year
2025
Available years
24
Filing entries
0
Registered shareholders of LPP, the chain leading to the ultimate owner, and the geographic origin of the capital.
Share capital
3.7 M PLN
Competing companies or those operating in the same market segment as LPP (in Gdańsk, industry: Retail trade).
GDAŃSK· Retail trade
Revenue 2024: 103.0 M PLN
CHMIELNO· Retail trade
Revenue 2024: 63.0 M PLN
CHOJNICE· Retail trade
Revenue 2024: 55.6 M PLN
GDAŃSK· Retail trade
Revenue 2024: 26.0 M PLN
GDYNIA· Retail trade
Revenue 2023: 12.4 M PLN
GDYNIA· Retail trade
Revenue 2024: 12.1 M PLN
Natural persons exercising effective control over LPP and authorised representatives - data from the Polish Central Register of Beneficial Owners (CRBR) maintained by the Ministry of Finance.
Natural persons who, directly or indirectly, exercise control over the company.
Full name
ŁUKASZ KŁAK
Date of birth: January 1, 1981 (45 years old)
Sex: male
Full name
DONATA JUSTYNA KŁAK
Date of birth: January 28, 1980 (46 years old)
Sex: female
CRBR data (Polish Ministry of Finance), retrieved April 23, 2026.
Answers to questions about the company's activity, registered office, identifiers, financial data, capital and control.
Three variables explain most of LPP's mid-term price moves. First, Sinsay's like-for-like sales growth pace — the cleanest indicator of whether expansion is generating sales or just opening locations. Second, group gross margin — it rose to 55.6% in 2025, but Sinsay's rising share (a lower-margin segment) creates continuous pressure risk. Third, capex and openings execution — 1,000 new stores in 2026 is an ambitious pace; delays, rent costs or mis-targeted locations reduce return on invested capital. Secondary but material drivers: USD/PLN and EUR/PLN rates, ocean freight costs, Shein and Temu competition, the founding family's dividend policy and the CEE consumer cycle. An analyst's first glance is at Sinsay momentum and gross margin — these two explain most of LPP's mid-term price moves.
SPÓŁKA AKCYJNA
Listed on the Warsaw Stock ExchangeLPP Spółka Akcyjna
20 historical registry entries for LPP
Board change, Articles of association amended
GD.VII NS-REJ.KRS/23063/24/370
Change in Section 1 (basic data)
GD.VII NS-REJ.KRS/23063/24/370/ADE
Filing documents submitted (8 documents)
Articles of association amended, Primary PKD code change, Secondary PKD code change
GD.VII NS-REJ.KRS/23942/25/239
Share capital change, Articles of association amended, Change in Section 1 (basic data)
GD.VII NS-REJ.KRS/9425/26/710
Capital origin
kapitał krajowy
Ownership chain
Share capital
3,717,416.00 PLN
Shares outstanding
1,858,708
| Shareholder | Shares | Capital share | Votes | Vote share |
|---|---|---|---|---|
| Fundacja Semper Simul | 578,889 | 31.14% | 1,978,889 | 60.73% |
| Other minor shareholders | 1,279,819 | 68.86% | - | - |
* z podmiotami zależnymi
Source: GPW (shareholders with ≥5% of capital or votes). Other minor shareholders are the public float.
Trademarks filed or registered by LPP in the Polish Patent Office (UPRP) - filing dates, status, Nice classes and graphical marks.
3 most recent trademarks
Zawsze w swoim STYLU
Filing date: 2022-09-20
expired
HOUSE
Filing date: 2022-08-29
active
sinsay HOME
Filing date: 2022-03-29
active
