DP Poland PLC (“DP Poland” “the Group” or the “Company”)
Final results for the full year to 31 December 2015.
System Sales up 22%. Total corporate stores deliver PLN+1m EBITDA for full year. Commissary makes strong contribution. Group EBITDA losses reduced by 31%.
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 24 Domino’s Pizza stores in 5 Polish cities, Warsaw, Krakow, Wrocław, Gdansk and Szczecin, 16 corporately managed and 8 sub-franchised.
Highlights
- System Sales* grow +22% 2015 on 2014, excluding 3 stores closed in 2014
- System Sales grow +15% 2015 on 2014, including 3 stores closed in 2014
- 13 consecutive quarters of double digit like-for-like** System Sales growth, Q4 2012 – Q4 2015
- Maintaining strong like-for-likes**
- Like-for-like system sales (PLN) up 16%
- Like-for-like gross profit*** (PLN) up 27%
- Like-for-like order count† up 14%
- 67% of total delivery sales were made online
- Total stores†† EBITDA positive every month in 2015
- Total corporate store EBITDA +£173k††† (+PLN1m) compared to -£254k^ in 2014
- Top 3 corporate stores averaged +£58k††† EBITDA each in 2015 vs +£24k^ each in 2014
- Stores 25 and 26 to open imminently
- Group EBITDA^^ losses reduced by 31% 2015 (-£1,645,432) on 2014 (-2,379,511), at average exchange rates†††,^
- Substantial store opening pipeline for 2016
- Double digit like-for-like System Sales growth continued January-February 2016 at 27%
Peter Shaw, Chief Executive of DP Poland said:
The improvement in Group EBITDA in 2015 is a result of a strong combined performance from our corporate stores and our commissary. Corporate store EBITDA went strongly positive in 2015 and commissary sales to our sub-franchisees, plus sales royalties, grew significantly thanks to the strong sales performance of sub-franchised stores.
With a presence in 5 cities we will be opening a significant number of new stores in the coming year, both in those cities and in new locations. I am delighted with the performance of our latest store openings in new cities.”
21 March 2016.
- A pdf of the full results is downloadable below
Enquiries:
- 020 3393 6954DP Poland PLC
- Peter Shaw, Chief Executive
- 020 7418 8900 Peel Hunt
- Dan Webster/Adrian Trimmings/George Sellar
- * System Sales – total retail sales including sales from corporate and sub-franchised stores.
- ** Like-for-like growth in PLN, matching trading periods for the same stores between 1 January and 31 December, 2014 and 1 January and 31 December, 2015
- *** Sales minus food costs. This figure excludes franchised stores
- † Order count for corporate and franchised stores
- †† Total stores includes corporate and franchised stores
- †††Exchange rate average for 2015 – £1:PLN 5.77
- ^Exchange rate average for 2014 – £1:PLN 5.19
- ^^Excluding non-cash and non-recurring items