DP Poland
PLC
("DP
Poland", the "Company" or the "Group")
Trading Update Q1
2024
DP Poland, the operator of Domino's
pizza stores and restaurants across Poland and Croatia, is pleased
to announce a trading update for Q1
2024.
DP Poland's Chief Executive
Officer, Nils Gornall, said:
"In the
first quarter of 2024 we delivered another strong performance with
LFL system sales growth of 17.9% YoY in Poland, driven by a strong
order count up 14.8% YoY.
After almost two years since the adoption of a High
Volume Mentality across all operations, we have transformed the
Polish business into one of the fastest growing Domino's markets
globally. Momentum in the business is very strong and we are in an
excellent position to drive Company expansion.
We are very pleased with the Domino's Pizza Group
investment and results of the recent oversubscribed fundraise and
are ready to embark on the journey to deliver 200 stores by the end
of 2026 and transition the business towards a franchise led
model."
Trading Update Q1 2024
Poland
|
PLNm
|
Q1 2024
|
|
|
PLNm
|
% YoY
change
|
|
Total System sales1
|
62,2
|
17,3%
|
|
|
|
|
|
LFL
System sales2
|
60,8
|
17,9%
|
|
non-delivery
|
19,0
|
17,7%
|
|
delivery
|
41,8
|
18,0%
|
|
|
|
|
|
M
Orders
|
Q1 2024
|
|
|
M Orders
|
% YoY
change
|
|
Total System orders1
|
1,1
|
14,4%
|
|
|
|
|
|
LFL
System orders2
|
1,1
|
14,8%
|
1 System Sales and System orders - total retail
sales or orders including sales or orders from corporate and
sub-franchised stores.
2 Like-for-like
System Sales growth in Polish Złoty, matching trading periods for
the same stores or orders growth in units, matching trading periods
for the same stores
Trading in Poland remains strong, with consistent
double digit sales growth across both delivery and non-delivery
channels. This was driven largely by strong order count growth
despite two fewer trading days due to an early Easter and the
comparable period in 2023 being supported by a TV campaign. These
results are underpinned by the constant focus on a compelling value
proposition for customers, high-quality pizzas, delivered
quickly.
Croatia
|
EURm
|
Q1 2024
|
|
|
EURm
|
% YoY
change
|
|
Total System sales1
|
0,9
|
72,2%
|
|
|
|
|
|
LFL
System sales2
|
0,5
|
7,5%
|
1 System
Sales and System orders - total retail sales or orders including
sales or orders from corporate stores.
2 Like-for-like
System Sales growth in Euro, matching trading periods for the same
stores or orders growth in units, matching trading periods for the
same stores
Total System Sales and LFL System Sales in Croatia
remain strong, with the two new stores opened in 2023 outperforming
our initial expectations.
The encouraging trading performance in Q1 2024
underpins confidence to open additional corporate stores and invite
franchisees to partner with us in 2024 and beyond.
The Group expects to announce its
final results for the year ended 31 December 2023 in early June,
which will include a webinar for investors. The Management expects
that full year EBITDA figures for 2023 will be in line with market
expectations.
The person responsible for arranging the release of
this announcement on behalf of the Company is Nils Gornall,
CEO.
Enquiries:
DP
Poland plc
Nils Gornall, CEO
Tel: +44 (0) 20 3393 6954
Email:
ir@dppoland.com
Singer Capital Markets (Nominated Adviser and
Broker)
Shaun Dobson / Jen Boorer
Tel: +44 (0) 20 7496 3000
Notes for editors
About DP Poland plc
DP Poland has the exclusive right to develop, operate
and sub-franchise Domino's Pizza stores in Poland and Croatia. The
group operates 116 stores and restaurants throughout cities and
towns in Poland and Croatia.
