Trading update for H1 2015

RNS Number : 4421T

DP Poland PLC

20 July 2015

 



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

Trading update for H1 2015, unaudited.

11 consecutive quarters of double digit like-for-like system sales¹ growth. System sales up 23.3%. Continued improvement in store EBITDA performance.

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. It currently operates 12 corporate stores in Warsaw and Krakow and sub-franchises 6 stores in Warsaw.

Highlights

·      Total system sales PLN 11.4m H1 2015 vs PLN 9.3m H1 2014, up 23.3%

·      Maintaining strong like-for-likes²

o  Like-for-like system sales (PLN) up 15.8%

o  Like-for-like gross profit³ (PLN) up 27.1%

o  Like-for-like order count⁴ up 15.1%

·      Total stores⁵ EBITDA positive for each month January - June 2015

·      Top 3 corporate stores averaged +£26k⁶ EBITDA each in H1 2015 vs +£7.5k⁶ each in H1 2014

·      Oldest corporate store delivers EBITDA of +£29.4k⁶ in H1 2015

·      Significant new store openings in the pipeline for Q4 2015

Peter Shaw, Chief Executive of DP Poland said:

"Total system sales were up 23.3% in the first half of 2015 and we saw continued double digit like-for-like store growth in system sales, order count and gross profit.

Store EBITDA continues to improve with our top 3 stores delivering an average of +£26k in the first half of 2015, compared to +£7.5k in the first half of 2014.

We are well advanced in site negotiations and store construction for expansion into new cities in Q4 2015"

20 July 2015

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 30 

June, 2014 and 1 January and 30 June, 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 H1 2015 - £1:PLN 5.65

Enquiries:

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

 

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