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Pin to quick picksDp Poland Regulatory News (DPP)

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Market Cap: £70.80m
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Trading Update

15 Jul 2022 07:00

RNS Number : 5691S
DP Poland PLC
15 July 2022
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The information contained within this announcement is deemed to constitute inside information for the purposes of article 7 of the market abuse regulation (EU) no. 596/2014

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DP Poland PLC

("DP Poland" or the "Group")

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Trading Update, Investor Presentation and Acquisition Update

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DP Poland, the operator of pizza stores and restaurants across Poland, announces an unaudited trading update for the month of June 2022 and first 10 days of July 2022. The Company will be holding its Annual General Meeting ("AGM") at 10:00 a.m. BST today at 1 Embankment Place, London, WC2N 6RH.

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DP Poland's Chief Executive Officer, Piotr DzierΕΌek, said: "I am delighted to see the strong sales performance achieved in the first half of 2022 continuing which is a consequence of our hard work in prior months and investment in customer acquisition. I welcome Nils Gornall to the company and I am convinced that his outstanding track record, supported with guidance from Andrew Rennie, we can accelerate this growth to the benefit of our customers and shareholders"

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Nils Gornall said: "I started my Domino's career at the age of 15 and had the privilege of running 5 of the 10 best stores in Australia, one of the most successful Domino's markets globally and the birthplace of Domino's Pizza Enterprises.

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My experience in Australia helped to build the success of our Croatian business and my goal is now to transfer those learnings to the Polish market. I've now spent a number of weeks on the ground in Poland and I am excited by the opportunity for the Domino's Pizza brand in the country. I feel confident we will emulate the success of the brand in other markets."

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Financial Highlights

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Β· Like-for-like (LFL) System Sales1 increased by 23.5% in June 2022 compared to June 2021

o Strong growth in dine-in sales up by 55.8% LFL compared to June 2021 and 21.3% compared to June 2019

o Delivery LFL System Sales have continued to grow by 9.6% LFL despite a resurgence of dine-in sales following the relaxation of COVID-19 restrictions

Β· Total System Sales2 increased by 20.5% in June 2022 compared to June 2021

Β· LFL System Sales for 10 days of July 2022 increased by 32.9% compared to July 2021

o Delivery LFL System Sales have continued to present strong grow by 21.4%

o Dine-in sales upholds June trend with 55.3% LFL System Sales growth

Β· June 2022 System Sales significantly above pre-COVID-19 levels

oΒ  LFL System Sales increased by 23.1% in June 2022 compared to June 2019

oΒ  Total System Sales increased by 15.1% in June 2022 compared to June 2019

Β· Cash at bank of Β£0.8m as at 30 June 2022 (as at 31 December 2021: Β£1.8m); the decrease in cash balance results from CAPEX for two new stores openings, purchase of 6 new ovens, 30 new fuel scooters, 50 e-bikes and covering working capital needs.

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June 2022

vs June 2021

vs June 2019

LFL System Sales

23.5%

23.1%

Total System Sales

20.5%

15.2%

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1Β Like-for-like System Sales growth in PLN, matching trading periods for the same stores between 1 January and 31 December 2019,1 January and 31 December 2020,1 January and 31 December 2021 and 1 January and 31 December 2022

2Β System Sales - total retail sales including sales from corporate and sub-franchised stores, unaudited

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Operational Highlights

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DPP is a strong player in the largest Polish cities but the management estimates that the current store count can be multiplied via organic as well as acquisitive growth. After the time of consolidation and post completion of the integration of Dominium, the company has opened in June two new stores: in Szczecin and in Siedlce. The latter is a showcase of a potential that is available to DPP in the second and third tier Polish cities.

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Acquisition Update

Further to the Company's announcement on 15 June 2022 in relation to the proposed acquisition of All About Pizza d.o.o, trading as Domino's Croatia, the reorganisation of All About Pizza d.o.o remains ongoing. The Company expects this to complete ahead of the previously announced longstop date of 29 July 2022, and will make further announcements as appropriate.

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Investor Presentation

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DP POLAND PLCΒ is pleased to announce thatΒ PrzemysΕ‚aw GΕ‚Δ™bocki, MaΕ‚gorzata PotkaΕ„skaΒ and Nils Gornall will provide a Trading UpdateΒ via the Investor Meet Company platform onΒ 26th Jul 2022 at 3:00pm BST.

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The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

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Investors can sign up to Investor Meet Company for free and add to meetΒ DP POLAND PLCΒ via:

https://www.investormeetcompany.com/dp-poland-plc/register-investor

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Investors who already followΒ DP POLAND PLCΒ on the Investor Meet Company platform will automatically be invited.

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The person responsible for arranging the release of this announcement on behalf of the Company is PrzemysΕ‚aw GΕ‚Δ™bocki, Non-Executive Director.

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Enquiries:

DP Poland plc

PrzemysΕ‚aw GΕ‚Δ™bocki, Non-Executive Director

Tel: +48 (22) 654 64 15

Singer Capital Markets (Nominated Adviser and Broker)

Shaun Dobson / Will Goode / Amanda Gray

Tel: +44 (0) 20 7496 3000

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Notes for editors

About DP Poland plc

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. Following its acquisition of Dominium S.A., which constituted a reverse takeover under the AIM Rules for Companies, the Group now operates over 100 stores and restaurants across a number of cities and towns in Poland.

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END
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TSTDZGMNNDVGZZM
Date   Source Headline
4th Nov 20147:00 amRNSSale and sub-franchising of stores
22nd Sep 20147:00 amRNSInterim Results
19th Jun 20149:30 amRNSGrant of Share Awards
18th Jun 20149:36 amRNSHolding(s) in Company
2nd May 20143:00 pmRNSResult of AGM
3rd Apr 20143:33 pmRNSHolding(s) in Company
3rd Apr 20141:30 pmRNSHolding(s) in Company
24th Mar 20147:00 amRNSFinal Results
24th Feb 20149:44 amRNSChange of Registered Office Address
14th Nov 20135:39 pmRNSHolding(s) in Company
14th Nov 20135:37 pmRNSHolding(s) in Company
12th Nov 201312:00 pmRNSHolding(s) in Company
14th Oct 20137:00 amRNSStore Opening in Krakow
10th Oct 20137:00 amRNSFirst Sub Franchised Store
24th Sep 20137:00 amRNSInterim Results
30th Aug 20134:32 pmRNSHolding(s) in Company
20th Jun 20133:00 pmRNSGrant of Share Awards
1st May 20134:55 pmRNSResult of AGM
26th Mar 20137:00 amRNSFinal Results
29th Jan 20135:00 pmRNSHolding(s) in Company
11th Jan 20135:12 pmRNSHolding(s) in Company
13th Dec 20123:30 pmRNSDirector/PDMR Shareholding
10th Dec 20124:54 pmRNSHolding(s) in Company
5th Dec 20123:54 pmRNSHolding(s) in Company
4th Dec 20125:28 pmRNSHolding(s) in Company
4th Dec 20124:00 pmRNSHolding(s) in Company
3rd Dec 20125:00 pmRNSHolding(s) in Company
30th Nov 20124:17 pmRNSHolding(s) in Company
26th Nov 201212:00 pmRNSResult of General Meeting
8th Nov 20127:00 amRNSPlacing and Director appointments
28th Sep 20127:00 amRNSAppointment of Finance Director
28th Sep 20127:00 amRNSInterim Results
26th Sep 20123:02 pmRNSHolding(s) in Company
30th Jul 20127:00 amRNSAppointment of Broker
26th Jul 20127:00 amRNSProgress Update
30th May 20124:32 pmRNSGrant of Share Awards
14th May 20127:00 amRNSAmendment to Master Franchise Agreement ("MFA")
4th May 20127:00 amRNSDirector/PDMR Shareholding - replacement
3rd May 20125:31 pmRNSDirector/PDMR Shareholding
26th Apr 20124:20 pmRNSResult of AGM
26th Mar 201210:01 amRNSHolding(s) in Company
26th Mar 20127:00 amRNSFinal Results
21st Mar 201211:45 amRNSHolding(s) in Company
20th Mar 20125:06 pmRNSHolding(s) in Company
16th Mar 201210:30 amRNSHolding(s) in Company
6th Feb 20125:04 pmRNSResult of Open Offer
24th Jan 20127:00 amRNSHolding(s) in Company
19th Jan 201211:33 amRNSResult of General Meeting
28th Dec 20117:00 amRNSOpen Offer Timetable
23rd Dec 20119:40 amRNSPlacing and Open Offer

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