The Friday session on the Warsaw Stock Exchange until noon brought most investors profits from shares. One of the most outstanding companies was Modivo (formerly CCC). No other company in WIG20 can boast of such growth.
The largest Polish shoe manufacturer approx. 11 could boast increase in share prices by approximately 10%.. Just a day earlier they could be bought for approximately PLN 77. On Friday, by noon, the rate was as high as PLN 85.
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This is an even greater feat as Modivo's shares have been in a downward trend for a year. It is too early to say that the situation has reversed, but Friday's purchases of shares by investors are a significant manifestation.
Modivo publishes financial results. The former CCC is in the red
On Friday, for the first time, investors could react to the results published by Modivo after Thursday's session on the WSE. The company recorded PLN 8.1 million of consolidated net loss in the first quarter of the 2026 financial year (February-April) compared to PLN 95.4 million of profit a year earlier.
Operating profit amounted to PLN 40 million compared to PLN 215.5 million profit a year earlier. In turn, EBITDA reached PLN 254.2 million compared to PLN 377 million profit a year earlier.
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In the report, the company indicates that the regression results from, among others, from changes in the result on exchange rate differences and higher operating costs related to the development of sales channels.
Overall, sales in the Modivo group increased over the year. Sales revenues reached PLN 2,439.3 million compared to PLN 2,345.7 million previously.
