1. Poland Stocks

  2. •

    Retail trade

  3. •

    Apparel/Footwear retail
MONNARI TRADE S.A.

MONNARI TRADE S.A.

GGPW:MON
5.00
PLN
-0.04
(-0.79%)
0.51EPS
11.18P/E
152.64MMarket Cap
Nov 13Next 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
4.76
5.73
6.99
7.63
8.35
8.49
10.03
7.88
8.9
11.06
11.95
12.31
14.09
14.68
Basic EPS, GAAP
0.57
0.99
1.52
1.18
0.73
0.6
0.44
-1.15
0.7
2.21
0.71
0.86
0.93
0.53
Free Cash Flow per Basic Share
0.46
0.78
0.05
0.52
0.93
-0.53
0.15
1.2
1.53
-0.76
0.95
-1.21
-1.07
-1.43
Dividend per Share
- -
- -
- -
0.2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2.92
3.91
5.42
6.29
6.97
7.72
8.16
7.34
8.04
10.27
11
11.97
12.7
12.47
Tangible Book Value per Share
2.9
3.89
5.41
6.28
6.95
7.48
7.96
7.32
8.03
10.24
10.98
11.95
12.37
12.14
Basic Weighted Avg Shares
31
31
31
30
30
29
28
27
26
26
26
26
25
24
Sales/Revenue/Turnover
146
175
214
232
247
246
282
209
232
288
310
315
356
359
Operating Margin (%)
10.92
16.72
13.84
9.69
9.09
9.34
5.55
-1.91
9.79
11.29
7.61
9.44
10.77
8.34
Depreciation Expense
3
3
3
4
5
4
22
19
11
8
9
9
8
8
Net Income, GAAP
17
30
46
36
22
17
12
-31
18
57
18
22
24
13
Effective Tax Rate (%)
2
5.89
- -
7.31
19.42
52.57
17.18
- -
5.64
14.49
18.9
13.88
21.24
31.09
Profit Margin (%)
11.96
17.33
21.67
15.45
8.78
7.05
4.36
-14.63
7.9
19.96
5.93
6.97
6.63
3.58
Working Capital
69
76
89
97
98
92
73
46
78
138
160
164
158
152
LT Debt
- -
- -
- -
- -
- -
- -
21
43
11
12
10
11
17
16
Total Equity
89
119
166
189
203
216
223
189
209
267
284
305
330
324
Return on Invested Capital (%)
17.86
25.13
- -
10.93
8.25
4.51
4.45
- -
6.98
9.46
5.39
4.91
6.35
3.24
Return on Capital (%)
20.09
29.12
- -
20.31
11.08
8.33
5.77
- -
8.13
22.88
6.52
7.44
7.53
4.11
Return on Common Equity (%)
21.68
29.11
32.47
20.2
11.08
8.24
5.56
-14.72
9.14
24.14
6.67
7.47
7.45
4.1

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
14
LT Borrowings
- -
- -
- -
LT Finance Leases
11
17
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
26
26
Market Capitalization
121
176
153

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
210
209
201
Cash, Cash Equivalents & STI
31
33
32
Accounts Receivable, Net
28
5
22
Inventories
149
154
146
Total Current Liabilities
53
51
49
Payables & Accruals
- -
- -
- -
ST Debt
1
1
14
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.6%
12.06%
8.19%
Free Cash Flow
77.94%
-117.54%
-12.54%
Net Income, GAAP
-44.65%
2.67%
7.48%
Sales/Revenue/Turnover
6.07%
11.43%
13.04%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
74
74
71
96
315
2025
80
- -
89
103
356
2026
88
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.22
0.03
0.56
0.86
2025
0.04
- -
-0.02
0.66
0.93
2026
-0.19
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Miroslaw Bogdan Misztal
Full Time Employees
898
Sector
Retail trade
Industry
Apparel/Footwear retail
Address
ul. Radwanska 6 Lodz LD Poland 93-172
IPO Date
Dec 20, 2006
Website
monnaritrade.com
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Business
Monnari Trade S.A. operates as a Polish fashion retailer, specializing in the creation, external manufacturing, promotion, and distribution of women's apparel and complementary accessories. The company offers its distinct collections under its primary MONNARI label, targeting women over 30 seeking elegant and high-quality fashion, and also through the Femestage brand, which caters to a younger demographic. Products are retailed across an extensive network of proprietary and franchised stores, predominantly situated in Poland's major retail centers, alongside a growing presence through its e-commerce platform. Established in 1998, with its corporate structure as Monnari Trade S.A. formalized in 2000, the company maintains its base in Łódź, Poland. Recent strategic moves include securing approval in 2025 to acquire control of PBH S.A., expanding its brand portfolio to include Quiosque, Laurella, and Akardo, and increasing its retail footprint to over 300 locations by late 2025. In 2024, the group reported consolidated revenues of 314.8 million PLN.