Trading update

RNS Number : 7122O

DP Poland PLC

11 February 2016

 

DP Poland PLC ("DP Poland" or the "Company")

Update on store performance for the full year to 31 December 2015, unaudited.

13 consecutive quarters of double digit like-for-like system sales growth. Total stores EBITDA positive every month in 2015. Store roll-out extends to 5 cities.

DP Poland, through its wholly owned subsidiary DP Polska S.A., has the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland. There are currently 24 Domino's Pizza stores in 5 Polish cities, Warsaw, Krakow, Wrocław, Gdansk and Szczecin, 16 corporately managed and 8 sub-franchised.

Highlights

·      13 consecutive quarters of double digit like-for-like system sales¹ growth, Q4 2012 - Q4 2015

·      Maintaining strong like-for-likes²

o  Like-for-like system sales¹ (PLN) up 16%

o  Like-for-like gross profit³ (PLN) up 27%

o  Like-for-like order count⁴ up 14%

·      Total stores⁵ EBITDA positive every month in 2015

·      Top 3 corporate stores averaged +£58k⁶ EBITDA each in 2015 vs +£24k⁷ each in 2014

·      Growing commissary contribution through sales royalties and food and non-food sales to sub-franchisees

·      6 new store openings in 5 cities: Warsaw, Krakow, Wrocław, Gdansk and Szczecin

·      More stores currently under construction and a pipeline of significant further openings planned for 2016

·      Sub-franchisee HLM opened its third store in December 2015

·      Double digit like-for-like system sales growth continued through January 2016 at 29%

Peter Shaw, Chief Executive of DP Poland said:

"Like-for-like sales continued to deliver double digit growth and total stores were EBITDA positive every month in 2015, a notable milestone for Domino's Pizza in Poland. We now have stores in 5 Polish cities, further stores under construction and a pipeline for significant further openings in 2016 in new and existing cities. The contribution from our new commissary is ahead of expectations, delivering improved food costs and growing sales to sub-franchised stores.

2016 has started strongly with robust like-for-like system sales growth in January."

11 February 2016

The Company will release its preliminary results for the year to 31 December 2015 on 21 March 2016.

¹ System Sales - total retail sales including sales from corporate and sub-franchised stores

² Like-for-like growth in PLN, matching trading periods for the same stores between 1 January and 31 

December, 2014 and 1 January and 31 December, 2015

³ Sales minus food costs. This figure excludes sub-franchised stores

⁴ Order count for corporate and sub-franchised stores

⁵ Total stores include corporate and sub-franchised stores

⁶ Exchange rate average for 2015 - £1:PLN 5.77

⁷ Exchange rate average for 2014 - £1:PLN 5.19

  Enquiries:

DP Poland PLC Peter Shaw, Chief Executive www.dppoland.com	020 3393 6954
Peel Hunt LLP Dan Webster / Adrian Trimmings / George Sellar	020 7418 8900

 

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