Wittchen stock reports a first half loss as revenue falls 7.5 percent

Published on 09/29/2026 at 13:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wittchen stock was last at PLN 11.51 on September 29, 2026, while H1 revenue fell 7.5 percent to PLN 190.5 million. Management expects Q3 improvement.

Wittchen (Dup check), PLWTMTN00015, Illustration mit AI erstellt.

Wittchen (ISIN PLWTMTN00015) was last at PLN 11.51 on the Warsaw Stock Exchange on September 29, 2026, at 1:39 p.m. CEST. The H1 2026 report shows revenue falling 7.5 percent year over year to PLN 190.5 million, making earnings recovery the central issue for the shares.

Revenue decline turns into loss

According to BiznesRadar on September 24, 2026, consolidated operating profit fell to PLN -1.6 million in H1 2026 from PLN 13.4 million a year earlier. Net income also moved from PLN 9.7 million of profit to a PLN 4.7 million loss, while operating cash flow improved to PLN 17.6 million from PLN -0.1 million.

The pressure was visible in the sales mix. Online revenue reached PLN 109.4 million, down 2.6 percent year over year, while physical-store revenue fell 17.8 percent to PLN 59.7 million; B2B revenue increased 1.6 percent to PLN 21.4 million, according to GPW Alert on September 24, 2026.

Management points to Q3 recovery

Investing.com reported on September 25, 2026, that management expects improved third-quarter results and positive full-year 2026 net income. The company is adjusting prices, expanding e-commerce and optimizing its store network to rebuild profitability.

The same statement put the H1 gross margin above 60 percent and H1 EBITDA at PLN 14.6 million, down 50 percent from the prior-year period. Management also plans to begin expanding its logistics center in the fourth quarter of 2026, with the project expected to improve logistics efficiency.

Stock remains near yearly low

Wittchen shares were trading at PLN 11.51 on the Warsaw Stock Exchange on September 29, 2026, against a 52-week range of PLN 11.50 to PLN 19.24. The market capitalization was PLN 212.6 million on the same date, so the stock was 40.20 percent below the yearly high and only 0.09 percent above the yearly low.