DP Poland PLC - AGM Trading Update
AGM Trading Update
Ahead of today's Annual General Meeting ('AGM'), to be held at
Trading in 2020 has started broadly in line with management's expectations. COVID-19 has had relatively little impact on our business in comparison to other businesses in our industry as we have been able to keep open all our stores and our 2 commissaries operating without interruption. As previously reported, from Saturday,
A positive impact of COVID-19 has been a reduction in our food and labour costs and in some of our rent costs. In addition, the recruitment market has improved for us, in terms of both availability of staff and labour costs. However we have also incurred some additional costs, principally in connection with safety and cleaning, across our operations to meet the requirements necessitated by COVID-19 regulations.
Our interactions with the food aggregators, Pyszne.pl (takeaway.com) and our new partner, Glovo, have been positive.
Our focus on customer service is delivering delicious pizzas in less than 25 minutes from order. In one of our stores we achieved a weekly record of delivering pizza in just over 14 minutes from order.
The Directors note that, and as reported by Bloomberg, the Polish economy is perceived to be the most resilient to the pandemic crisis within the
Iwona Olbryś, Chief Executive of
"These unprecedented times continue to pose an uncertain trading backdrop. As such, we remain unable to provide any guidance for the full year. However, while the COVID-19 crisis presents our industry in
For Further Information
| || |
+44 (0) 20 3393 6954
| || |
Iwona Olbryś, CEO
N+1 Singer - NOMAD and Broker
| || |
+44 (0) 20 7496 3000
Notes for editors
This information is provided by RNS, the news service of the
Quick facts: DP Poland PLC
Market Cap: £17.94 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE