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Pin to quick picksDp Poland Regulatory News (DPP)

Share Price Information for Dp Poland (DPP)

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Share Price: 11.25
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Trading Update

11 Feb 2015 07:00

RNS Number : 5670E
DP Poland PLC
11 February 2015
 

 

 

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

 

Update on Store Performance for the full year to 31 December 2014, unaudited.

System sales up 35%. 9 consecutive quarters of double digit like-for-like system sales growth. Step change 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

· System sales1PLN 20.4m 2014 vs PLN 15.1m 2013 up 35%

· Strong like-for-likes2

o Like-for-like system sales (PLN) up 19%

o Like-for-like gross profit3 (PLN) up 18%

o Like-for-like order count4 up 19%

 

· Total stores5 EBITDA positive for each month of Q4 2014

· Top 3 corporate stores averaged +£24k6 EBITDA each in 2014 vs -£12k6 each in 2013

· Oldest corporate store delivers EBITDA of +£34k6 in 2014

· Franchisees reporting growing sales and profitability

· Significant new store openings targeted for 2015

 

Peter Shaw, Chief Executive of DP Poland said:

"Sustained double digit like-for-like system sales growth coupled with continuing reductions in food and operational costs resulted in significant improvements in store EBITDA performance.

Our top 3 stores averaged £24k EBITDA profit each in 2014, compared to an average loss of -£12k each in 2013. This transformation in store performance is set to continue in 2015 as we focus on providing our customers with great product, great service and attractive promotions, supported by continuing improvements in food costs.

We reached a milestone in Q4 2014 with total store EBITDA becoming positive for each month during the quarter. This total includes our newest stores in Krakow as we grow customer numbers and progress towards EBITDA breakeven.

I am delighted to report that the stores recently acquired by our first franchisees are performing well, exhibiting strong sales growth and generating profitable commissary sales of food and non-food items for DP Polska.

This strong sales performance continued into January 2015 with like-for-like system sales at +18%."

11 February 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 31

December, 2013 and 1 January and 31 December, 2014

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 2014 £1:PLN 5.1924

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTDMGMZVGLGKZM
Date   Source Headline
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
21st Dec 20117:00 amRNSFurther New Store Openings
15th Dec 20117:00 amRNSTenth Store Opening
24th Nov 20115:55 pmRNSReplacement Ninth Store Opening
24th Nov 20117:00 amRNSNinth Store Opening
17th Nov 20117:00 amRNSEighth Store Opening
16th Nov 20113:51 pmRNSHolding(s) in Company
27th Oct 20117:00 amRNSSeventh Store Opening
19th Sep 20117:00 amRNSUnaudited Interim Results
15th Sep 20117:00 amRNSFurther new store openings
31st Aug 20117:00 amRNSFourth New Store
15th Jun 20117:00 amRNSOperations Update
25th May 20115:32 pmRNSHolding(s) in Company
27th Apr 201111:58 amRNSResult of AGM
14th Apr 201112:59 pmRNSHolding(s) in Company
17th Mar 20117:00 amRNSFinal Results
11th Mar 201112:03 pmRNSHolding(s) in Company
8th Mar 201112:19 pmRNSHolding(s) in Company
28th Feb 20117:00 amRNSFirst store opens
17th Feb 20119:16 amRNSChange of Registered Office
15th Feb 201112:24 pmRNSHolding(s) in Company
15th Dec 20104:42 pmRNSHolding(s) in Company
1st Dec 20108:00 amRNSBoard appointments etc.
12th Nov 201011:42 amRNSHolding(s) in Company
4th Oct 20103:00 pmRNSInterim Board Appointments
4th Oct 20108:00 amRNSDeath of Chairman
20th Sep 20109:58 amRNSHolding(s) in Company
12th Aug 20103:26 pmRNSHolding(s) in Company
11th Aug 20105:04 pmRNSHolding(s) in Company
6th Aug 20102:54 pmRNSAppointment
5th Aug 201011:53 amRNSHolding(s) in Company
30th Jul 201012:32 pmRNSHolding(s) in Company

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