Esotiq & Henderson S.A.

Esotiq & Henderson S.A.

30.80
PLN
-1.60
(-4.94%)
63.91MMarket Cap
Dec 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
53.39
62.22
53.97
63.17
70.05
70.87
82.24
79.44
103.55
166.52
161.11
215.7
233.96
- -
Basic EPS, GAAP
1.8
2.72
-0.95
-1.81
3.4
3.3
2.7
2.51
8.84
5.56
4.32
7.96
5.62
- -
Free Cash Flow per Basic Share
-5.55
-1.83
-5.83
0.29
5.05
0.64
3.95
12.21
10.6
0.81
22.28
1.52
-5.27
- -
Dividend per Share
- -
- -
- -
- -
- -
0.99
0.49
- -
- -
2.71
1.39
4.27
4.25
- -
Book Value per Share
17.27
19.71
21.99
20.94
19.74
21.94
24.24
26.96
34.87
29.5
31.82
34.35
35.5
34.38
Tangible Book Value per Share
3.89
6.96
10.14
9.15
10.12
11.64
13.48
16.99
23.93
20.05
18.81
21.57
23.13
22.46
Basic Weighted Avg Shares
2
2
2
2
2
2
2
2
2
1
2
1
1
2
Sales/Revenue/Turnover
94
110
121
141
156
155
180
174
206
242
275
298
324
- -
Operating Margin (%)
4.71
6.02
-0.1
-1.85
3.31
6.51
4.62
5.99
12.68
5.33
5.6
6.25
4.64
- -
Depreciation Expense
1
2
3
4
3
3
13
15
15
15
16
17
17
- -
Net Income, GAAP
3
5
-2
-4
8
7
6
5
18
8
7
11
8
- -
Effective Tax Rate (%)
20.75
22.09
- -
- -
21.57
26.28
34.58
34.62
21.1
19.11
19.39
20.09
18.09
- -
Profit Margin (%)
3.37
4.38
-1.77
-2.86
4.85
4.65
3.28
3.16
8.54
3.34
2.68
3.69
2.4
- -
Working Capital
14
15
21
21
21
16
11
13
23
21
21
18
29
27
LT Debt
5
5
3
5
2
3
30
37
29
1
- -
20
45
3
Total Equity
35
39
53
49
43
45
51
54
60
58
61
67
70
67
Return on Invested Capital (%)
8.16
9.97
- -
- -
4.95
11.87
6.96
4.82
17
10.82
16.5
16.34
9.39
- -
Return on Capital (%)
9.99
11.56
- -
- -
16.23
17.17
11.72
8.21
19.07
10.79
13.03
15.15
10.04
- -
Return on Common Equity (%)
10.98
14.75
-5.07
-8.43
16.76
15.87
11.94
10.14
29.19
13.22
12.32
17.09
11.35
- -

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
30
32
31
LT Borrowings
- -
3
3
LT Finance Leases
- -
41
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
73
64
64

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
120
121
115
Cash, Cash Equivalents & STI
2
6
2
Accounts Receivable, Net
16
9
18
Inventories
101
96
95
Total Current Liabilities
95
92
89
Payables & Accruals
- -
- -
- -
ST Debt
30
32
31
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.13%
5.31%
3.34%
Free Cash Flow
465.72%
499.32%
-446.32%
Net Income, GAAP
-5.16%
35.34%
-29.35%
Sales/Revenue/Turnover
10.62%
13.32%
8.46%
Total Cash Common Dividend
- -
- -
-0.31%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
63
72
81
82
298
2025
67
- -
92
89
324
2026
74
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
3.01
0.7
1.79
7.96
2025
-0.05
- -
1.24
1.1
5.62
2026
-1.56
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4.27
2025
- -
- -
- -
- -
4.25
2026
- -
- -
- -
- -
- -

Company Description

CEO
Mariusz Jawoszek
Full Time Employees
143
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
ul. Budowlanych 31c Gdansk PM Poland 80-298
IPO Date
Jun 16, 2011
Business
ESOTIQ & Henderson S.A. ESOTIQ & Henderson S.A. designs, manufactures, and sells women's and men's lingerie, nightwear, swimwear, pajamas, bathrobes, clothing, cosmetics, and accessories primarily under the ESOTIQ and HENDERSON brands; ESOTIQ targets modern women with mid-to-premium segment products including underwear, swimwear, pajamas, shaping lines such as Shape and Sensual, and the newer BLOOVII line for younger customers, while HENDERSON offers premium minimalist underwear, multipacks, pajamas, and bathrobes made from natural materials; additional offerings encompass shower gels, lotions, peelings, creams, shampoos, conditioners, lipsticks, and fragrances. The company operates over 289 stores across Poland (268 locations) and internationally in eight countries including Germany, Ukraine, Latvia, North Macedonia, Serbia, Slovakia, and Moldova, with a sales network comprising owned monobrand stores, franchise and partner outlets under a deposit-based consignment model, B2B wholesale to retailers like Rossmann, and robust online channels via proprietary platforms (esotiq.com, henderson.pl, vosedo.com) and marketplaces such as Zalando, Allegro, Modivo, Amazon, and Empik; it serves a broad customer base through omnichannel strategies, brafitting services, a loyalty program with over 1.5 million Esotiq Club members, and a mobile app generating significant online sales share. Founded in 1998 and headquartered at ul. Budowlanych 31C in Gdańsk, Poland, the company, listed on the Warsaw Stock Exchange under ticker EAH.WA, employs around 153 people and focuses on the consumer discretionary apparel manufacturing sector with emphasis on high-quality craftsmanship, trend-aligned designs, and professional fit across extensive size ranges. Recent developments include the Q3 2024 launch of the BLOOVII brand in stores, strategic partnership with InPost for faster order fulfillment (under 24 hours) across physical and expanding e-commerce channels, new logistics strategy for 2025-2028 targeting cost reductions and efficiency, purchase of company headquarters in Gdańsk financed initially by bank loan and later refinanced via leasing for improved liquidity, collaborations with brand ambassadors such as Joanna Krupa, Marcelina Zawadzka, Ewa Chodakowska (including Mission Swim collection), Ewa Minge, Agata Sieramska, and Julia Wieniawa from Q3 2025, introduction of ESOTIQ MICRO deposit-based franchise model for smaller Polish towns, entry preparations into markets like Romania (eMAG), Czech Republic, Bulgaria via partner stores and platforms like Fashion Days, Trendyol, and Zalando Partner Program, opening of a new concept store in Warsaw's Arkadia in September 2025, and record online sales growth with H1 2025 online revenues at 29% of total (up significantly year-over-year) supported by mobile app enhancements, AI manager training, and visual merchandising improvements.