DP Eurasia N.V Update on Russian Operations (4262E)
March 11 2022 - 2:00AM
UK Regulatory
TIDMDPEU
RNS Number : 4262E
DP Eurasia N.V
11 March 2022
For Immediate Release 11 March 2022
DP Eurasia N.V.
("DP Eurasia", the "Company" or the "Group")
Update on Russian Operations
DP Eurasia (DPEU.L), the master franchisee of the Domino's Pizza
brand in Turkey, Russia, Azerbaijan and Georgia, today provides a
further update on its Russian operations.
The safety and welfare of all of the Group's employees and
customers remains its primary priority and DP Eurasia is shocked
and saddened by the conflict and the effect it has had on all of
the innocent civilians across the region. As stated in the Group's
market update on 4 March 2022, at this stage there has been no
material disruption to the Group's operations from the ongoing
situation. Trading from its 188 stores in Russia continues and the
Group remains dedicated to the communities it serves.
The Board has however determined it prudent to limit any further
investment into its operations, and will keep this under review
going forward in light of the geopolitical situation. Furthermore,
the Group today announces that royalty payments from its Russian
operations have been suspended until further notice.
The Group will continue to monitor and review the rapidly
developing geopolitical situation and will make a further update in
its Preliminary Results for the year ended 31 December 2021 which
are to be published on Tuesday 5 April 2022.
Enquiries
DP Eurasia N.V.
Selim Kender, Chief Strategy Officer
& Head of Investor Relations +90 212 280 9636
Buchanan (Financial Communications)
Richard Oldworth / Tilly Abraham / Verity +44 20 7466 5000
Parker dp@buchanan.uk.com
Notes to Editors
DP Eurasia N.V. is the exclusive master franchisee of the
Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia. The
Company was admitted to the premium listing segment of the Official
List of the Financial Conduct Authority and to trading on the main
market for listed securities of the London Stock Exchange plc on 3
July 2017. The Company (together with its subsidiaries, the
"Group") is the largest pizza delivery company in Turkey and the
third largest in Russia. The Group offers pizza delivery and
takeaway/ eat-in facilities at its 809 stores (607 in Turkey, 188
in Russia, ten in Azerbaijan and four in Georgia as at 31 December
2021), and operates through its owned corporate stores (24%) and
franchised stores (76%). The Group maintains a strategic balance
between corporate and franchised stores, establishing networks of
corporate stores in its most densely populated areas to provide a
development platform upon which to promote best practice and
maximise profitability. The Group has adapted the Domino's Pizza
globally proven business model to its local markets.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDBKKBBDBKBPND
(END) Dow Jones Newswires
March 11, 2022 02:00 ET (07:00 GMT)
Dp Eurasia N.v (LSE:DPEU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Dp Eurasia N.v (LSE:DPEU)
Historical Stock Chart
From Jul 2023 to Jul 2024