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11 Mar 2022 07:00
For Immediate Release | 11 March 2022 |
DP Eurasia N.V.
("DP Eurasia", the "Company" or the "Group")
Update on Russian Operations
DP Eurasia (DPEU.L), the master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia, today provides a further update on its Russian operations.
The safety and welfare of all of the Group's employees and customers remains its primary priority and DP Eurasia is shocked and saddened by the conflict and the effect it has had on all of the innocent civilians across the region. As stated in the Group's market update on 4 March 2022, at this stage there has been no material disruption to the Group's operations from the ongoing situation. Trading from its 188 stores in Russia continues and the Group remains dedicated to the communities it serves.
The Board has however determined it prudent to limit any further investment into its operations, and will keep this under review going forward in light of the geopolitical situation. Furthermore, the Group today announces that royalty payments from its Russian operations have been suspended until further notice.
The Group will continue to monitor and review the rapidly developing geopolitical situation and will make a further update in its Preliminary Results for the year ended 31 December 2021 which are to be published on Tuesday 5 April 2022.
Enquiries
DP Eurasia N.V. | |
Selim Kender, Chief Strategy Officer & Head of Investor Relations | +90 212 280 9636 |
Buchanan (Financial Communications) | |
Richard Oldworth / Tilly Abraham / Verity Parker | +44 20 7466 5000 dp@buchanan.uk.com |
Notes to Editors
DP Eurasia N.V. is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia. The Company was admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc on 3 July 2017. The Company (together with its subsidiaries, the "Group") is the largest pizza delivery company in Turkey and the third largest in Russia. The Group offers pizza delivery and takeaway/ eat-in facilities at its 809 stores (607 in Turkey, 188 in Russia, ten in Azerbaijan and four in Georgia as at 31 December 2021), and operates through its owned corporate stores (24%) and franchised stores (76%). The Group maintains a strategic balance between corporate and franchised stores, establishing networks of corporate stores in its most densely populated areas to provide a development platform upon which to promote best practice and maximise profitability. The Group has adapted the Domino's Pizza globally proven business model to its local markets.
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