DP Poland PLC AGM Trading Update (0876N)
May 04 2018 - 2:00AM
UK Regulatory
TIDMDPP
RNS Number : 0876N
DP Poland PLC
04 May 2018
DP Poland plc
("DP Poland" or the "Company")
AGM Trading Update
Ahead of today's Annual General Meeting, to be held at 10am, DP
Poland announces a trading update for Q1 2018, the period from 1
January - 31 March 2018.
-- Trading in line with management expectations
-- 17% like-for-like* growth in System Sales** Q1 2018
-- 56 stores in 24 towns and cities
-- 2 new stores opened in Q1
-- 8 further leases already signed and a number of stores under construction
-- Store margins improving as cost pressures ease
Peter Shaw, Chief Executive of DP Poland said:
"The first quarter of 2018 saw continued double digit
like-for-like sales growth and improving margins at the store
level. The buoyant Polish economy coupled with price deflation in
the European cheese market have combined to provide healthy
conditions for growth. "
* Like-for-like growth in PLN, matching trading periods for the
same stores between 1 January and 31 March 2017 and 1 January and
31 March 2018
** System Sales - total retail sales including sales from
corporate and sub-franchised stores, unaudited.
Enquiries:
DP Poland PLC
Peter Shaw, Chief Executive
www.dppoland.com 020 3393 6954
Peel Hunt LLP
Adrian Trimmings / George
Sellar 020 7418 8900
Notes to editor
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 56 Domino's
Pizza stores, 32 corporate, of which 2 are managed under management
contract, and 24 sub-franchised.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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