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Wittchen (WTN) investor relations material

Wittchen Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary20 Nov, 2025

Executive summary

  • Sales and profitability remain under pressure from strong competition, with ongoing reviews of e-commerce and offline processes and a focus on cost efficiency to return to growth.

  • Product offering is evolving, including expansion into eco-friendly clothing and accessories.

  • Net sales for the nine months ended September 30, 2025, reached 325.7 million PLN, up 1.4% year-over-year.

  • Net profit for the period was 18.6 million PLN, a decrease from 25.4 million PLN in the prior year.

  • Online sales accounted for 54% of total revenue, with a notable 18% year-over-year increase in Q3 online sales.

Financial highlights

  • Revenue for 3Q25 was PLN 119.8m, up 3.9% year-over-year; 9M25 revenue reached PLN 325.7m, up 1.4% year-over-year.

  • Gross margin improved to 62.4% in 3Q25 (up 2.3 p.p. year-over-year); 9M25 gross margin stable at 61.8%.

  • EBITDA rose 10% year-over-year in 3Q25 to PLN 21.3m; net profit increased 2% to PLN 8.9m.

  • Operating profit for 3Q25 was PLN 13.1m (up 13.9% year-over-year); 9M25 operating profit fell 24.2% to PLN 26.5m.

  • Earnings per share for the period were 1.01 PLN, compared to 1.38 PLN in the previous year.

Outlook and guidance

  • The company aims to restore growth through cost efficiency, product innovation, and process optimization in both online and offline channels.

  • The group plans to grow across all sales channels, with a focus on increasing foreign and online sales.

  • Key goals for Q4 2025 and H1 2026 include positive sales dynamics, inventory reduction, margin control, and cost management.

  • Planned investments in 2026 include logistics center expansion, IT infrastructure, and store modernization.

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Frequently asked questions

Wittchen S.A. is a Poland-based company that specializes in the design, manufacture, and sale of luxury leather products and accessories. The company offers a wide range of items including women's bags, briefcases, travel luggage, belts, purses, gloves, umbrellas, shawls, ties, scarves, overcoats, jackets, and sheepskin products. It also sells shoes and fragrances. The company operates both through physical showrooms across Europe and an online store. The company is headquartered in Nowy Dwór Mazowiecki, Poland, and its shares are listed on the Warsaw Stock Exchange.

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