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Last checked at 
20 Jul 2015 07:00
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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