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Cumulatively, from January to March 2016 INTERSPORT Polska S.A. gained EBITDA on the level of PLN 3,361 k, i.e. by 13.1 % more in comparison to the same period in the last year (then: PLN 2,972 k), and EBIT on the level of PLN 1,673 k, i.e. by 32.3% better than in the first quarter of 2015 (then: PLN 1,265 k)
In Q1 2016 INTERSPORT Polska Company earned net revenue on sale lower by 1.4% (then: PLN 56,012 k, Now: PLN 55,227 k). Despite a lower revenue, the

Company earned gross profit on the level of PLN 1,085 k and net profit on the level of PLN 850 k, that is comparable to the same period in the previous year (Then: gross profit PLN 1,076 k, net profit PLN 858 k) and improved the sale margin by 0.3 p.p.

As at 31 March 2016 the Company decreased winter merchandising stock by 33% YoY which will improve the rotation cycle in the whole year.

From January to March 2016 the Company reduced its operational costs by 3,9% as compared to the same period in the previous year. It needs emphasizing that the costs of closure of two unprofitable stores: 1) the store in CH Plejada Bytom and 2) the store in CH M1 in Poznań were settled in Q1 2016 which will have a positive impact on the total result in 2016.

A big success in the recent time is awarding the Company with two important awards in the industry. INTERSPORT Polska S.A. was recognized the best network among sport stores according to Daymakerindex 2016, an independent survey of the level of client service held among 152 trading networks and the flag Warsaw store - INTERSPORT ARKADIA won the second position the ninth edition of Retail Marketing Awards, a competition for the best shop in Poland.

Management Board