DP Poland PLC - Birmingham, England-based operator of Domino's pizza stores and restaurants across Poland and Croatia - Says trading in the year to April 30 in Poland remains strong, with total system sales up 15% to PLN70.8 million, or GBP13.5 million, from PLN61.6 million a year earlier. Like-for-like system sales are up 18% to PLN69.5 million from PLN58.7 million. Says inflationary costs have begun to show a "positive downward trend which should support profitability in coming quarters". In Croatia, total system sales in the period amount to EUR660,000, up 53% from EUR440,000 a year earlier.
DP Poland will release its 2022 results in the second half of June.
Looking ahead, the firm expects revenue to be between GBP35.6 million to GBP35.9 million for 2022, and post-IFRS earnings before interest, tax, depreciation and amortisation to be between GBP1.6 million to GBP1.8 million. Says Ebitda is slightly lower than previous expectations due to the settlement of higher utilities costs for the year and accrual cost adjustments. In 2021, revenue was GBP29.9 million. Ebitda was GBP1.1 million.
Current stock price: 8.40 pence each, up 1.8% on Tuesday afternoon in London
12-month change: up 37%
By Xindi Wei, Alliance News reporter
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Dp Poland (DPP)