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Hardman & Co Research (DPP)

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Wednesday 25 September, 2019

Hardman & Co Research

DP Poland (DPP): FY19 interim results announced

Hardman & Co Research
Hardman & Co Research: DP Poland (DPP): FY19 interim results announced

25-Sep-2019 / 14:50 GMT/BST


Hardman & Co Research: FY19 interim results announced

DPP has announced FY19 interim results in line with the trading update given in July. Growth has been restored following tricky comparisons with January/February last year. System sales, like-for-like, were positive in the first three months of 2H, and performance was in line with management expectations. Four new stores have opened, with two more in the pipeline, and three corporate stores have been sold to sub-franchisees. The partnership with the aggregator Pyzszne is said to be positive. The company's stated growth focus is on splitting territories and finding more sub-franchisees. A new General Manager has been appointed. We are putting through no changes to our forecasts.

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https://www.hardmanandco.com/research/corporate-research/fy19-interim-results-announced/

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About Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies.  It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer.

 



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879853  25-Sep-2019 

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