DP Poland PLC Trading Statement (1782K)
December 12 2018 - 2:00AM
UK Regulatory
TIDMDPP
RNS Number : 1782K
DP Poland PLC
12 December 2018
DP Poland plc
("DP Poland" or the "Company")
Trading Update
DP Poland plc provides the following trading update for the year
to date.
System Sales have grown substantially year-to-date, but as seen
in the July and August sales numbers, announced within the interim
results, we have seen softening like-for-like sales growth continue
into the fourth quarter. A combination of warm and dry weather
continuing into November and sustained advertising spend by
competing delivery aggregators, in particular, impacted share of
voice and sales performance. In addition to these external factors
our investment in top-line sales support in Q4 2017 was not
replicated in Q4 2018, as we focused more on balancing sales growth
with enhanced store profitability.
Despite the sales pressure, Company EBITDA for 2018 is expected
to be broadly in line with expectations, but we approach the year
ahead with caution and believe that sales and EBITDA performance
for 2019 will continue to be impacted by competition for share of
voice.
The Company intends to release a full year trading update on 29
January 2019.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
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 62 Domino's
Pizza stores, 36 corporately managed, 2 under management contract
and 24 sub-franchised.
LEI: 213800LPZBU5RPY7A394
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END
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