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DP Poland PLC - H1 2019 Trading Update

RNS Number : 0449G
DP Poland PLC
19 July 2019
 

DP Poland plc

("DP Poland" or the "Company")

H1 2019 Trading Update

System sales up 10%. Like-for-likes returning positive from March. More sub-franchisees in place.

·    10% increase in System Sales1 H1 2019 on H1 2018

·    80% of delivery sales ordered online

·    Like-for-likes building from March 2019:

5% like-for-like growth in System Sales2 March-June 2019 on March-June 2018

6% like-for-like growth in order count3 March-June 2019 on March-June 2018

-1% like-for-like growth in System Sales January-June 2019 on January-June 2018

·    3 corporate stores acquired/agreed to be acquired by 2 new sub-franchisees on 1st July 2019:

DP Poland has currently  10  sub-franchisees across Poland

·    3 corporate stores taken under management contract by 1 existing sub-franchisee

·    67 stores in 28 towns and cities to-date

·    4 new stores opened in H1 2019

Nick Donaldson, non-executive Chairman of DP Poland, said:

"The first half of 2019 has seen momentum return to like-for-like performance following the strong comparatives driven by TV advertising in January and February 2018. Like-for-like order count has grown 6% since March. Total System Sales grew 10% in the first half as a result of like-for-like performance and new store openings. Our efforts in sub-franchisee recruitment are bearing fruit with 2 additional sub-franchisees acquiring/agreeing to acquire 3 corporate stores between them this month We have also entered into 3 more management contracts with 1 of our existing sub-franchisees."

We intend to announce our interim results for the six months ended 30 June 2019 on 24 September 2019.  

 

 

 Enquiries:

DP Poland PLC

Nick Donaldson, non-executive Chairman

www.dppoland.com

020 3393 6954

Peel Hunt LLP

Adrian Trimmings / George Sellar

020 7418 8900

 

 

Notes to editors

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 67 Domino's Pizza stores, 43 corporate, of which 4 are managed under management contract, and 24 sub-franchised.

1 System Sales - total retail sales including sales from corporate and sub-franchised stores

2 Like-for-like System Sales growth in PLN, matching trading periods for the same stores between 1 January and 30 June 2018 and 1 January and 30 June 2019

3 Like-for-like growth in the number of orders, matching trading periods for the same stores between 1 January and 30 June 2018 and 1 January and 30 June 2019

 

 

 


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Quick facts: DP Poland PLC

Price: 7.1

Market: AIM
Market Cap: £18 m
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