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DP Poland PLC (DPP)

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Friday 04 May, 2018

DP Poland PLC

AGM Trading Update

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
 
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