DP Poland PLC Trading update for H1 2015 (4421T)

TIDMDPP

RNS Number : 4421T

DP Poland PLC

20 July 2015

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

Trading update for H1 2015, unaudited.

11 consecutive quarters of double digit like-for-like system sales(1) 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-likes(2)

o Like-for-like system sales (PLN) up 15.8%

o Like-for-like gross profit(3) (PLN) up 27.1%

o Like-for-like order count(4) up 15.1%

   --      Total stores(5) EBITDA positive for each month January - June 2015

-- Top 3 corporate stores averaged +GBP26k(6) EBITDA each in H1 2015 vs +GBP7.5k(6) each in H1 2014

   --      Oldest corporate store delivers EBITDA of +GBP29.4k(6) 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 +GBP26k in the first half of 2015, compared to +GBP7.5k 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 - GBP1: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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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