DP Poland PLC Trading Statement (5291E)

TIDMDPP

RNS Number : 5291E

DP Poland PLC

19 July 2016

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

Update on store performance for the half year to 30 June 2016, unaudited.

Like-for-like system sales up 28%. Total system sales up 57%. 5 new stores opened, including 2 new cities. Pipeline of store openings for the second half.

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 28 Domino's Pizza stores in 6 Polish cities, Warsaw, Krakow, Wroc aw, Gdansk, Szczecin and Zielona Gora, 17 corporately managed and 11 sub-franchised.

Highlights

   --      Like-for-like(1) system sales (PLN) up 28% 

-- 15 consecutive quarters of double digit like-for-like system sales(2) growth, Q4 2012 - Q2 2016

   --      Total system sales(2) up 57% H1 2016 on H1 2015 
   --      5 new stores opened and 2 more cities came on stream in H1 2016 
   --      Pipeline of store openings for H2 2016, 2 of those stores already constructed 

-- New sub-franchisee JAR acquired their first store in April and opened their second store in June

   --      Sub-franchisee HLM acquired its fourth store in July 
   --      Robust growth in corporate store EBITDA and commissary contribution 
   --      69% delivery sales online 

Peter Shaw, Chief Executive of DP Poland said:

"Strong like-for-likes coupled with the better than anticipated sales performance of our newer stores delivered robust growth in total system sales. Growth in sales, corporate store EBITDA and commissary contribution underpin our confidence in our accelerated store roll-out programme. In the first half we opened 5 Domino's stores and added 2 further cities. We have a pipeline of store openings in place for the second half in both existing and new cities.

Our franchisees are active in growing their store numbers and I anticipate further sub-franchise openings and acquisitions in the near future."

19 July 2016

The Company will release its interim results for the first half of 2016 on 19 September 2016.

(1) Like-for-like growth in PLN, matching trading periods for the same stores between 1 January and 30

June, 2015 and 1 January and 30 June, 2016

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

Enquiries:

 
 DP Poland PLC 
  Peter Shaw, Chief Executive 
  www.dppoland.com               020 3393 6954 
 Peel Hunt LLP 
  Adrian Trimmings / George 
  Sellar                         020 7418 8900 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 19, 2016 02:00 ET (06:00 GMT)