In the message eobuwie.pIt was reported that on Tuesday Damian Zapłat was appointed to the supervisory board of the company, and on Wednesday he was delegated to act as the president. It was announced that Zappa’s main goal will be to strengthen the strategic development of the company, including projects on foreign markets.
– Damian is a very experienced manager, in recent years successfully managing the largest e-commerce technology companies in Poland. We are convinced that it will strengthen eobuwie.pl both in the area of management, implementation of further strategic projects and an ambitious growth plan abroad – explains Dariusz Miłek, chairman of the supervisory board of eObuwie.pl and the main shareholder CCC.
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– eobuwie.pl is a unique company that has achieved great success not only in Poland, but also internationally. With the support of our shareholders, the CCC Group, Polsat, A&R and the global technology fund Softbank, we will continue the strategy of dynamic growth of the company and invest in its international development – announces Damian Zapłat.
– We will focus on expanding and making the offer more attractive to our clients, incl. through the development of the Modivo brand. Our priority is also to strengthen the resources and technology team, and to develop fast and cost-effective logistics, which are the most important links in e-commerce. Later this year, we are launching a logistics center in Bucharest, he says.
Damian Zapłat moves to eObuwie.pl from Allegro.pl
Previously, for almost four years, Damian Zapłat was a board member and chief commercial officer in Allegro.plquit this company last week. There, he was responsible for the day-to-day management and strategy development for the commercial area, focusing on providing the best possible offers and shaping a positive shopping experience for the platform’s customers.
Previously, for almost three years, Damian Zapłat was the president of First Data Polska, which owns the Polcard brand. Before that, he was the managing director of Loyalty Partner Polska, responsible, inter alia, for the development of the Payback loyalty program.
In 2008-2010, he was a partner at McKinsey & Company, specializing in the financial services market, private equity, FMCG and retail companies. Zapłat is a graduate of Europa Universitaet Viadrina in Germany, he also completed MBA studies at INSEAD in France and Singapore.
Formerly the president of eobuwie.pl Marcin Grzymkowski
In the second half of July, Marcin Grzymkowski resigned from the position of the president of eobuwie.pl, he announced that he would join the company’s supervisory board. Grzymkowski is its founder and first owner, he served as president for 16 years.
At the end of March this year. CCC group signed with Cyfrowy Polsat and the company A&R Investments Limited controlled by Rafał Brzoska, a contract for the sale of 20 percent. eobuwia shares for a total of PLN 1 billion. At the same time, it agreed that it would buy another 20 percent from the company of its founder, Marcin Grzymkowski. shares for PLN 720 million.
It was announced that in the next six months, the management board of eobuwie.pl will be joined, among others, by e-commerce director in the company Mikołaj Wezdecki and purchasing and sales director Szymon Dąbrowski.
In a statement from mid-March, Cyfrowy Polsat indicated that the purchase of eobuwie.pl shares was treated as a financial investment. – With a strictly defined method and moment of possible exit from the investment, which, in accordance with the intention of the parties, would be the initial public offering of eobuwie.pl (IPO), planned for 2022 or 2023, depending on market conditions and other important factors – it was noted.
The company of Zygmunt Solorz also counts on “gaining experience in the prospective e-commerce area”. – The management board of the company believes that the possible investment has a chance to generate an attractive rate of return, while allowing the companies from the company’s capital group to acquire competences in building and developing activities in the area of e-commerce, which is a natural path for the development of the company’s capital group after the acquisition of the Interia.pl Group – added.
In early July it was established that SVF II Motion Subco, a company from the Japanese Softbank capital group, will take up unsecured bonds convertible into eobuwie.pl shares worth PLN 500 million. Softbank estimated the value of eobuwie.pl (equity value) at PLN 6 billion.
The revenues of eobuwie.pl 56 percent. up
In the second quarter of the current financial year, i.e. from May to July this year, according to preliminary data, the sales of the eobuwie group increased by 56 percent. yoy to PLN 811 million, and EBITDA amounted to PLN 59 million (a decrease by 8% y-o-y). The EBITDA margin was 7.3 percent. (decrease by 5 pp).
The gross margin fell by 2.4 pp to 43.4 percent. The company announced that the revenues of eobuwie .pl increased by 53 percent. to PLN 707 million, and Modivo by 88 percent. up to PLN 92 million. The increase in revenues of the eobuwie group in the Western Europe region amounted to 94%, and in Central and Eastern Europe – 53%.
In Poland, sales increased by 41 percent. up to PLN 300 million. The high dynamics of revenues was recorded by the group on the Greek market (an increase of 124%), Germany (+96%) and Italy (+75%).
The entire CCC capital group in the last financial quarter, it had PLN 2.036 billion in revenues (an increase of 40% year-on-year). and PLN 250 million EBITDA (according to IFRS16).
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