- Intersport recorded a net loss of PLN 39.58 million in the financial year from April 2023 to March 2024, compared to a loss of PLN 13.11 million a year earlier. The operating loss amounted to PLN 45.25 million, compared to a loss of PLN 10.04 million a year earlier.
- Revenues in the previous financial year amounted to PLN 189.08 million compared to PLN 239.46 million in the same period a year earlier.
- In 2023, the majority stake in Intersport was acquired by Gereg Epicentr, owned by Ukrainian billionaire Galyna Fyodorovna, and Cypriot Paravita Holding Limited.
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What's next for Intersport?
It seems that Intersport's future is in the hands of its shareholders.
and new investors. This is not the first general meeting with such an item on the agenda – also in March this year Intersport asked shareholders about the prospects for the company.
In September this year, shareholders will also consider the financial report, vote on granting discharge to the management board and supervisory board, and decide how to cover the loss for the financial year from April 1, 2023 and ending March 31, 2024.
The company's president does not lose optimism.
With the support of strategic investors and a comprehensive development plan, Intersport Polska is well-positioned for dynamic growth in the coming years. Our strategic initiatives, combined with the resilience and commitment of our team, provide a solid foundation for lasting success. We remain optimistic about our growth and development potential, supported by our partnerships with leading brands in the industry, a supportive strategic investor and our solid plans for the future – wrote Aivars Bunde, CEO, in a letter to shareholders.
Intersport has over 30 stores in Poland. The company has been listed on the Warsaw Stock Exchange since 2006. Over 51% of shares are controlled by Paravita Holding, the second largest shareholder, with a package of over 14% of shares, is OTCF, the owner of the 4F brand.
