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Pin to quick picksDp Poland Regulatory News (DPP)

Share Price Information for Dp Poland (DPP)

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Trading update

11 Feb 2016 07:00

RNS Number : 7122O
DP Poland PLC
11 February 2016
 

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

 

Update on store performance for the full year to 31 December 2015, unaudited.

13 consecutive quarters of double digit like-for-like system sales growth. Total stores EBITDA positive every month in 2015. Store roll-out extends to 5 cities.

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. There are currently 24 Domino's Pizza stores in 5 Polish cities, Warsaw, Krakow, Wrocław, Gdansk and Szczecin, 16 corporately managed and 8 sub-franchised.

Highlights

· 13 consecutive quarters of double digit like-for-like system sales1 growth, Q4 2012 - Q4 2015

· Maintaining strong like-for-likes2

o Like-for-like system sales1 (PLN) up 16%

o Like-for-like gross profit3 (PLN) up 27%

o Like-for-like order count4 up 14%

 

· Total stores5 EBITDA positive every month in 2015

· Top 3 corporate stores averaged +£58k6 EBITDA each in 2015 vs +£24k7 each in 2014

· Growing commissary contribution through sales royalties and food and non-food sales to sub-franchisees

· 6 new store openings in 5 cities: Warsaw, Krakow, Wrocław, Gdansk and Szczecin

· More stores currently under construction and a pipeline of significant further openings planned for 2016

· Sub-franchisee HLM opened its third store in December 2015

· Double digit like-for-like system sales growth continued through January 2016 at 29%

Peter Shaw, Chief Executive of DP Poland said:

"Like-for-like sales continued to deliver double digit growth and total stores were EBITDA positive every month in 2015, a notable milestone for Domino's Pizza in Poland. We now have stores in 5 Polish cities, further stores under construction and a pipeline for significant further openings in 2016 in new and existing cities. The contribution from our new commissary is ahead of expectations, delivering improved food costs and growing sales to sub-franchised stores.

2016 has started strongly with robust like-for-like system sales growth in January."

11 February 2016

 

The Company will release its preliminary results for the year to 31 December 2015 on 21 March 2016.

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, 2014 and 1 January and 31 December, 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 2015 - £1:PLN 5.77

7 Exchange rate average for 2014 - £1:PLN 5.19

 

 

Enquiries:

DP Poland PLC

Peter Shaw, Chief Executive

www.dppoland.com

020 3393 6954

Peel Hunt LLP

Dan Webster / Adrian Trimmings / George Sellar

020 7418 8900

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTGMGMZNGMGVZM
Date   Source Headline
21st Sep 20157:00 amRNSInterim Results
20th Jul 20157:00 amRNSTrading update for H1 2015
10th Jul 201511:13 amRNSHolding(s) in Company
8th Jul 201512:04 pmRNSHolding(s) in Company
7th Jul 201510:31 amRNSHolding(s) in Company
3rd Jul 20151:41 pmRNSResult of General Meeting
16th Jun 20157:00 amRNSProposed Placing
5th May 201511:21 amRNSResult of AGM and Trading Update
17th Apr 20154:25 pmRNSGrant of Share Awards
25th Mar 20159:27 amRNSChange of Registered Address
23rd Mar 20157:00 amRNSFinal Results
25th Feb 20158:56 amRNSHolding(s) in Company
13th Feb 20154:39 pmRNSHolding(s) in Company
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5th Jan 20151:32 pmRNSHolding(s) in Company
5th Jan 201511:25 amRNSHolding(s) in Company
2nd Jan 20159:07 amRNSHolding(s) in Company
22nd Dec 20147:00 amRNSNew Incentive Share Plan
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2nd May 20143:00 pmRNSResult of AGM
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24th Sep 20137:00 amRNSInterim Results
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3rd Dec 20125:00 pmRNSHolding(s) in Company
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8th Nov 20127:00 amRNSPlacing and Director appointments
28th Sep 20127:00 amRNSAppointment of Finance Director
28th Sep 20127:00 amRNSInterim Results

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