Kepler Cheuvreux upgrades LPP stock to a Buy rating

LPP stock traded at EUR 5,752.50 at Lang & Schwarz on October 7, 2026, down 0.04 percent from the prior close of EUR 5,755.00. The latest analyst action came on September 18, 2026, when Kepler Cheuvreux upgraded LPP to a Buy rating, according to MarketScreener.

First-half growth accelerates

LPP reported PLN 12.05 billion in revenue for the first half of fiscal 2026/27, versus PLN 10.51 billion a year earlier. That represents a 14.66 percent increase, calculated from the figures published by Bankier.pl.

Net profit attributable to the parent company rose to PLN 1.24 billion from PLN 801.00 million, a 55.18 percent increase. EBITDA reached PLN 3.03 billion, compared with PLN 2.13 billion in the comparable period.

Profit beats the consensus

The second-quarter figures provided the sharper signal. Revenue was PLN 6.58 billion against a PLN 6.55 billion consensus, while EBITDA reached PLN 1.74 billion against PLN 1.58 billion expected, according to Bankier.pl. The resulting 10.54 percent EBITDA surplus over consensus was larger than the 0.46 percent revenue surplus, pointing to margin delivery as the main earnings differentiator.

Second-quarter gross margin improved to 57.70 percent, up 3.70 percentage points year over year. Comparable sales also returned to positive territory at 1.80 percent, while LPP continued to invest in its Sinsay store network and online operations.

Stock remains near yearly high

The Warsaw-listed share had a primary-market 52-week range of PLN 15,405.00 to PLN 25,280.00 on October 6, 2026. Its market capitalization was PLN 46.7 billion as of October 7, 2026, keeping the valuation sensitive to whether margin gains can persist beyond the first half.

LPP was trading at EUR 5,752.50 at Lang & Schwarz on October 7, 2026 at 9:32 a.m. CEST, down 0.04 percent versus the prior close of EUR 5,755.00. The further course of trading is shown by the continuously updated real-time quote of LPP stock.

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