DP Poland PLC H1 2019 Trading Update (0449G)

TIDMDPP

RNS Number : 0449G

DP Poland PLC

19 July 2019

DP Poland plc

("DP Poland" or the "Company")

H1 2019 Trading Update

System sales up 10%. Like-for-likes returning positive from March. More sub-franchisees in place.

   --    10% increase in System Sales(1) H1 2019 on H1 2018 
   --    80% of delivery sales ordered online 
   --    Like-for-likes building from March 2019: 

o 5% like-for-like growth in System Sales(2) March-June 2019 on March-June 2018

o 6% like-for-like growth in order count(3) March-June 2019 on March-June 2018

o -1% like-for-like growth in System Sales January-June 2019 on January-June 2018

-- 3 corporate stores acquired/agreed to be acquired by 2 new sub-franchisees on 1(st) July 2019:

o DP Poland has currently 10 sub-franchisees across Poland

   --    3 corporate stores taken under management contract by 1 existing sub-franchisee 
   --    67 stores in 28 towns and cities to-date 
   --    4 new stores opened in H1 2019 

Nick Donaldson, non-executive Chairman of DP Poland, said:

"The first half of 2019 has seen momentum return to like-for-like performance following the strong comparatives driven by TV advertising in January and February 2018. Like-for-like order count has grown 6% since March. Total System Sales grew 10% in the first half as a result of like-for-like performance and new store openings. Our efforts in sub-franchisee recruitment are bearing fruit with 2 additional sub-franchisees acquiring/agreeing to acquire 3 corporate stores between them this month We have also entered into 3 more management contracts with 1 of our existing sub-franchisees."

We intend to announce our interim results for the six months ended 30 June 2019 on 24 September 2019.

Enquiries:

 
 DP Poland PLC 
  Nick Donaldson, non-executive 
  Chairman 
  www.dppoland.com                    020 3393 6954 
 Peel Hunt LLP 
  Adrian Trimmings / George Sellar    020 7418 8900 
 
 

Notes to editors

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 67 Domino's Pizza stores, 43 corporate, of which 4 are managed under management contract, and 24 sub-franchised.

(1) System Sales - total retail sales including sales from corporate and sub-franchised stores

(2) Like-for-like System Sales growth in PLN, matching trading periods for the same stores between 1 January and 30 June 2018 and 1 January and 30 June 2019

(3) Like-for-like growth in the number of orders, matching trading periods for the same stores between 1 January and 30 June 2018 and 1 January and 30 June 2019

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July 19, 2019 02:00 ET (06:00 GMT)