Wittchen SA

Wittchen SA

GGPW:WTN
11.15
PLN
-0.06
(-0.54%)
1.41EPS
11.80P/E
306.29MMarket 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
5.28
7.21
8.38
9.41
11.87
13.51
15.66
11.59
15.23
22.21
25.48
24.68
25.83
25.34
Basic EPS, GAAP
0.87
1.53
1.5
1.12
1.21
1.71
1.76
0.73
2.32
3.44
3.34
1.86
1.91
1.41
Free Cash Flow per Basic Share
0.47
0.97
1.05
0.37
0.16
0.97
1.92
0.91
2.21
3.71
4.46
2.32
4.45
5.15
Dividend per Share
- -
- -
0.51
0.66
0.83
0.84
1
- -
- -
3.03
3.33
3.58
- -
- -
Book Value per Share
0.17
0.33
5.69
6.18
6.57
7.44
8.25
8.97
11.28
11.72
11.8
10.08
11.97
11.68
Tangible Book Value per Share
-0.01
0.15
4.13
4.65
4.98
5.83
6.66
7.42
9.77
10.22
10.29
8.5
10.35
10.06
Basic Weighted Avg Shares
17
18
18
18
18
18
18
18
18
18
18
18
18
19
Sales/Revenue/Turnover
87
131
152
170
215
245
285
211
278
406
467
454
477
469
Operating Margin (%)
16.41
21.52
20.71
15.28
16.27
15.55
12.92
8.5
20.26
21.87
16.64
11.45
10.27
9.15
Depreciation Expense
4
4
4
5
5
7
26
26
25
25
28
31
32
32
Net Income, GAAP
14
28
27
20
22
31
32
13
42
63
61
34
35
26
Effective Tax Rate (%)
- -
- -
10.24
18.38
26.29
18.9
12.57
18.91
19.05
19.81
19.61
25.54
22.38
25.12
Profit Margin (%)
16.58
21.2
17.88
11.95
10.17
12.65
11.26
6.29
15.21
15.49
13.12
7.54
7.41
5.54
Working Capital
30
51
99
93
51
67
56
49
100
107
107
69
103
137
LT Debt
59
53
52
45
14
18
44
38
39
31
33
35
38
45
Total Equity
28
54
103
112
119
135
150
163
206
214
217
186
221
216
Return on Invested Capital (%)
- -
- -
20.34
13.04
16.91
20.07
16.9
6.47
15.85
23.73
21.56
13.03
12.45
11.61
Return on Capital (%)
- -
- -
19.75
13.28
15.61
21.88
17.93
6.77
16.7
23.15
23.6
13.39
14.24
11.86
Return on Common Equity (%)
92.41
67.36
34.45
18.93
18.93
24.39
22.48
8.47
22.88
29.93
28.44
17.01
17.36
12.8

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
16
26
16
LT Borrowings
- -
- -
- -
LT Finance Leases
46
38
45
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
296
292
306

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
190
184
189
Cash, Cash Equivalents & STI
10
28
48
Accounts Receivable, Net
46
23
31
Inventories
129
109
102
Total Current Liabilities
102
81
52
Payables & Accruals
- -
- -
- -
ST Debt
16
26
16
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.45%
7.19%
19.03%
Free Cash Flow
71.35%
55.35%
92.42%
Net Income, GAAP
19.28%
44.74%
3.15%
Sales/Revenue/Turnover
13.79%
19.01%
4.97%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
93
113
115
133
454
2025
94
112
120
151
477
2026
86
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.27
0.64
0.47
0.48
1.86
2025
0.23
0.3
0.48
0.9
1.91
2026
-0.28
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
3.55
- -
3.58
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jedrzej Rafal Wittchen
Full Time Employees
416
Sector
Consumer non-durables
Industry
Consumer sundries
Address
Gdanska 60 Street Czosnow MZ Poland 05-152
IPO Date
Nov 9, 2015
Business
Wittchen S.A. manufactures and sells luxury leather goods, apparel, footwear, and travel accessories for men, women, and children primarily in Poland and across Europe; core products include handbags such as messenger, shoulder, cross-body, shopper, tote, hobo, waist, clutch, evening, and laptop bags; backpacks; small leather items like wallets, cases, briefcases, business card holders, document holders, and organizers; luggage comprising suitcases, cosmetic cases, travel bags, and accessories; clothing such as jackets, coats, gilets, and fur products; shoes including sandals, flip-flops, sneakers, moccasins, ballerinas, court shoes, stilettos, wedding shoes, ankle boots, Chelsea boots, knee-high boots, combat boots, and cowboy boots; and additional accessories like scarves, neckerchiefs, shawls, gloves, belts, umbrellas, socks, hats, keychains, masks, ties, and suspenders, offered through signature collections including Italy, Arizona, Da Vinci, Venus, Elegance, and Signature lines featuring premium Italian leathers with embossed logos and metal emblems. Founded in 1990 by Jędrzej Rafał Wittchen and his wife Monika, the family-run company is headquartered at ul. Gdańska 60, Czosnów, Poland, near Nowy Dwór Mazowiecki, and operates over 100 sales showrooms across 24 European countries including Austria, Germany, and Romania, alongside an online store and B2B channels. As a subsidiary of Simei Investments Ltd., Wittchen focuses on high-quality handcrafted products blending timeless designs with fashion trends for fashion-conscious consumers; recent developments include opening five new stores in Austria, Germany, and Romania in 2024 to expand its European footprint, product diversification with clothing and accessories rising to 16% of sales from 13% as luggage share declined to 48%, ongoing optimization of marketplace partnerships and international sales initiatives in 2025, statutory updates and capital adjustments registered in 2025, and declaration of a 3.57 PLN per share dividend representing a 10.8% yield despite profitability pressures from rising costs in 2024.