The Modivo Group, overseen by Polish billionaire Dariusz Miłek, has released financial data for the second quarter of 2026, revealing record revenues. The company has also improved its gross margin and EBITDA.
Additionally, the fashion retail chain LPP has seen a notable acceleration in its performance, with the best results in a year.
Positive Results for CCC, HalfPrice, and Modivo
The group achieved an increase in gross margin by over 1 percentage point year-on-year, primarily due to a growing share of licensed brands across all its labels. Adjusted EBITDA rose by 2% year-on-year, and cost dynamics, mainly related to expansion, were significantly lower than the pace of retail space growth, according to the report.
Among the brands, HalfPrice recorded the most substantial growth, with revenues increasing by 54% compared to the same period last year. EBITDA rose to 129 million PLN, with gross margin improvements attributed to a higher share of high-margin licensed products.
Meanwhile, revenues for the CCC segment reached nearly 1.3 billion PLN, reflecting a 13% year-on-year increase. Comparable sales rose by 4%, and inventory levels at CCC were reduced by 16% year-on-year, amounting to more than 300 million PLN less.
Modivo.com reported revenues of 806 million PLN. The report notes that sales dynamics in this segment are temporarily affected by an ongoing change in the business model, which is shifting towards a higher share of high-margin private and licensed brands. Performance marketing expenses are being decreased and replaced with organic traffic generation, largely through the expanding MODIVOclub loyalty program.
