Proactiveinvestors Australia DP Poland PLC https://www.proactiveinvestors.com.au Proactiveinvestors Australia DP Poland PLC RSS feed en Sat, 20 Jul 2019 09:04:00 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - H1 2019 Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190719070002_14155445/ Fri, 19 Jul 2019 16:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190719070002_14155445/ <![CDATA[RNS press release - Grant of Share Options to PDMRs ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190516140641_14077173/ Thu, 16 May 2019 23:06:41 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190516140641_14077173/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190503113834_14062675/ Fri, 03 May 2019 20:38:34 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190503113834_14062675/ <![CDATA[RNS press release - AGM Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190503070001_14061702/ Fri, 03 May 2019 16:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190503070001_14061702/ <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190326070004_14015115/ Tue, 26 Mar 2019 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190326070004_14015115/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190307085925_13993824/ Thu, 07 Mar 2019 19:59:25 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190307085925_13993824/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190306164048_13992900/ Thu, 07 Mar 2019 03:40:48 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190306164048_13992900/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190305142226_13991046/ Wed, 06 Mar 2019 01:22:26 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190305142226_13991046/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190304145543_13989445/ Tue, 05 Mar 2019 01:55:43 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190304145543_13989445/ <![CDATA[RNS press release - Results of General Meeting and Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190228104133_13985332/ Thu, 28 Feb 2019 21:41:33 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190228104133_13985332/ <![CDATA[RNS press release - Broker Option Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190214070003_13968754/ Thu, 14 Feb 2019 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190214070003_13968754/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190207164104_13962385/ Fri, 08 Feb 2019 03:41:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190207164104_13962385/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190207163551_13962380/ Fri, 08 Feb 2019 03:35:51 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190207163551_13962380/ <![CDATA[RNS press release - Proposed Placing, Board Change & Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190207070004_13961053/ Thu, 07 Feb 2019 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190207070004_13961053/ <![CDATA[RNS press release - Notice of Full-Year Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190128163003_13949256/ Tue, 29 Jan 2019 03:30:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20190128163003_13949256/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20181212070003_13900135/ Wed, 12 Dec 2018 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20181212070003_13900135/ <![CDATA[RNS press release - Share issue and total voting rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180928145012_13809507/ Fri, 28 Sep 2018 23:50:12 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180928145012_13809507/ <![CDATA[RNS press release - Interim Results for the half year to 30 June 2018 ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180918070004_13793951/ Tue, 18 Sep 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180918070004_13793951/ <![CDATA[RNS press release - Change of Registered Address ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180911105424_13786431/ Tue, 11 Sep 2018 19:54:24 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180911105424_13786431/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180903125401_13776845/ Mon, 03 Sep 2018 21:54:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180903125401_13776845/ <![CDATA[News - DP Poland tipped to benefit as discounter exits Polish pizza market ]]> https://www.proactiveinvestors.com.au/companies/news/201753/dp-poland-tipped-to-benefit-as-discounter-exits-polish-pizza-market-201753.html DP Poland PLC (LON:DPP) should get a boost from the exit from the Polish market of cut-price competitor Telepizza, according to broker Peel Hunt.

Telepizza has 107 stores and is one of DP Poland’s larger competitors, but these are being sold to Amrest, which runs Pizza Hut Poland.

WATCH: DP Poland anticipating boost from discount rival's exit

Amrest is a Warsaw-listed international restaurant and café business and the broker expects it to close some Telepizza stores and convert the others to Pizza Hut or one of its other brands.

Even though Pizza Hut is growing in Poland, Telepizza was a discount operator that was competing largely on price and its exit should allow a bit more wriggle room on promotions.

DP Poland might also be able to pick up experienced Telepizza sub-franchisees displaced through the deal.

In May, Telepizza and Pizza Hut agreed a global partership and today’s announcement 'feels more like a bit of a tidy-up around the edges of that deal, rather than a change of strategic direction for Amrest in relation to pizza in Poland,' said the broker.

“Overall we expect the impact on DP Poland to be positive as a low-priced competitor exits the market.”

The broker has a buy recommendation and 75p target price.

Shares in DPP rose 3% to 29.5p.

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Fri, 27 Jul 2018 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201753/dp-poland-tipped-to-benefit-as-discounter-exits-polish-pizza-market-201753.html
<![CDATA[RNS press release - H1 2018 Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180719070005_13723303/ Thu, 19 Jul 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180719070005_13723303/ <![CDATA[News - DP Poland sees strong sales growth as World Cup gives a boost ]]> https://www.proactiveinvestors.com.au/companies/news/201126/dp-poland-sees-strong-sales-growth-as-world-cup-gives-a-boost-201126.html Thu, 19 Jul 2018 08:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201126/dp-poland-sees-strong-sales-growth-as-world-cup-gives-a-boost-201126.html <![CDATA[Media files - World Cup adds spice to bumper first half for DP Poland ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9898/world-cup-adds-spice-to-bumper-first-half-for-dp-poland-9898.html Thu, 19 Jul 2018 08:11:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9898/world-cup-adds-spice-to-bumper-first-half-for-dp-poland-9898.html <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180704165033_13706069/ Thu, 05 Jul 2018 01:50:33 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180704165033_13706069/ <![CDATA[RNS press release - Grant of Share Awards & Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180601160047_13664451/ Sat, 02 Jun 2018 01:00:47 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180601160047_13664451/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180504111547_13630634/ Fri, 04 May 2018 20:15:47 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180504111547_13630634/ <![CDATA[RNS press release - AGM Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180504070006_13629807/ Fri, 04 May 2018 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180504070006_13629807/ <![CDATA[Media files - DP Poland hails improving margins in first quarter as cost pressures ease ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9210/dp-poland-hails-improving-margins-in-first-quarter-as-cost-pressures-ease-9210.html Fri, 04 May 2018 12:17:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9210/dp-poland-hails-improving-margins-in-first-quarter-as-cost-pressures-ease-9210.html <![CDATA[News - DP Poland sees continued double-digit like-for-like sales growth, improving margins in first quarter ]]> https://www.proactiveinvestors.com.au/companies/news/196402/dp-poland-sees-continued-double-digit-like-for-like-sales-growth-improving-margins-in-first-quarter-196402.html DP Poland Plc (LON:DPP), the franchise holder for Domino’s pizzas in the central European country, saw continued double-digit like-for-like sales growth and improving margins at the store level in the first quarter of 2018.

In a brief trading update, the AIM-listed firm said its system sales like-for-like growth was 17% in the first quarter, with overall trading in line with management expectations.

WATCH: Mature stores performing better than expected for DP Poland

The company said it opened two new stores in the first quarter of 2018, and now has a total of 56 stores in 24 cities in Poland, with eight further leases already signed and “a number of stores under construction.”

It added that store margins are improving as cost pressures ease.

Peter Shaw, chief executive of DP Poland, said: “The buoyant Polish economy coupled with price deflation in the European cheese market have combined to provide healthy conditions for growth.”

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Fri, 04 May 2018 07:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196402/dp-poland-sees-continued-double-digit-like-for-like-sales-growth-improving-margins-in-first-quarter-196402.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180419093934_13610815/ Thu, 19 Apr 2018 18:39:34 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180419093934_13610815/ <![CDATA[RNS press release - Share issue and total voting rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180418143753_13609682/ Wed, 18 Apr 2018 23:37:53 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180418143753_13609682/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180413134643_13604271/ Fri, 13 Apr 2018 22:46:43 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180413134643_13604271/ <![CDATA[News - DP Poland reports double-digit growth in first half of 2018 with rival's exit expected to shake up market ]]> https://www.proactiveinvestors.com.au/companies/news/194616/dp-poland-reports-double-digit-growth-in-first-half-of-2018-with-rival-s-exit-expected-to-shake-up-market-194616.html DP Poland Plc (LON:DDP), which operates the master franchise for Domino’s Pizza in Poland, has come a long way since it opened its first store in Warsaw in 2011.

The AIM-listed firm currently has 59 stores in total: 33 stores are corporate, 2 are under management contracts, and 24 are sub-franchised. These branches cover 26 towns and cities in the country, over half of the 42 areas considered to be major population centres.

WATCH: World Cup adds spice to bumper first half for DP Poland

And the expansion is set to continue into the second half of 2018, with 6 further leases already signed and a number of stores already under construction.

At the end of this financial year, the company is targeting 10+ store openings, representing around 20% growth in its total store estate year-on-year.

The goal is to have 70 stores by the end of 2018 and 100 by 2020, chief executive Peter Shaw told Proactive.

Pizza delivery businesses tend to have high fixed costs initially when the store roll-out is at its height but then profitability improves rapidly.

That seems to be happening at DPP.

Latest numbers for the first half of 2018 showed total retail sales are up 38% compared to the first half of 2017, with like-for-like growth of 13%.

The group has also seen an uptick in its online orders, with 77% if all delivery sales now ordered online with the percentage as high as 90% in some of its more mature branches. 

Shaw said that the growth in online ordering has been helped by innovations across different ordering channels, with a key development being the "Domino's bot", an artificial intelligence which allows customers to order pizza via Facebook Messanger.   

Favourable macro conditions

Shaw has also said that the macroeconomic climate in Poland bodes well for the business, with Polish GDP growth forecasts of around 3%-4% over the next year being driven primarily by consumer spending in addition to a larger amount of Polish consumers ordering convenience food.

"The macro conditions are positive," Shaw said, adding that despite an uptick in competitors the market was also expanding and the company "was growing well alongside that".

More competitors but one key discounter exits

Speaking of competitors, the group is now expecting a boost after one of its cut-price rivals, Telepizza, said it would exit the Polish market.

Telepizza has 107 stores and is one of DP Poland’s larger competitors, but these are being sold to Amrest, which runs Pizza Hut Poland.

Amrest is a Warsaw-listed international restaurant and café business and the broker expects it to close some Telepizza stores and convert the others to Pizza Hut or one of its other brands.

Shaw said he hoped DP Poland's offering and expansion may have influenced Telepizza's decision to exit, adding that there was a possibility the company could pick up some former sub-franchisees as the consumer offer shifted.

Despite the exit of the discounter, Shaw said there we no plans to increase prices; saying the firm would "continue to offer great value".

DP Poland currently holds a market cap of around £45mln.

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Tue, 10 Apr 2018 08:23:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194616/dp-poland-reports-double-digit-growth-in-first-half-of-2018-with-rival-s-exit-expected-to-shake-up-market-194616.html
<![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180327070002_13582087/ Tue, 27 Mar 2018 17:00:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180327070002_13582087/ <![CDATA[Media files - Mature stores performing better than expected for DP Poland ]]> https://www.proactiveinvestors.com.au/companies/stocktube/8954/mature-stores-performing-better-than-expected-for-dp-poland-8954.html Tue, 27 Mar 2018 08:28:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/8954/mature-stores-performing-better-than-expected-for-dp-poland-8954.html <![CDATA[News - DP Poland says cost pressures ease as expansion continues ]]> https://www.proactiveinvestors.com.au/companies/news/193845/dp-poland-says-cost-pressures-ease-as-expansion-continues-193845.html DP Poland Plc (LON:DPP) has seen costs ease and a better performance from its mature takeaway pizza stores in recent months.

Lower cheese prices and staff being easier to recruit compared to the last quarter had reduced pressure on margins, said Peter Shaw, chief executive.

WATCH: Mature stores performing better than expected for DP Poland

Poland’s economy also remained strong, with consumer demand healthy.

The company, which operates the master franchise for the US pizza group Domino’s in Poland, posted a 25% rise in sales to 50mln PLN (£10.4mln) in 2017.

Losses rose slightly to £2.64mln as DPP bore the costs of nineteen new stores opened during the period.

Two more stores have opened since the start of the year to take the estate up to 56 in total. Some 75% of deliveries now ordered online.

System sales, which includes franchised outlets, rose by 51% to £12mln with a 17% rise like-for-like.

TV ads impress

Shaw added that like-for-like system sales jumped by 30-40% during the two-week periods of TV advertising in both January and February.

Like-for-sales overall in January and February this year rose by 24% and 18% respectively.

Due to this success, TV ads will likely become a regular feature once the group reaches critical mass.

By the end of 2018, Shaw says DPP will have 70 stores and is on track for 100 by 2020.

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Tue, 27 Mar 2018 07:28:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193845/dp-poland-says-cost-pressures-ease-as-expansion-continues-193845.html
<![CDATA[RNS press release - Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180129070005_13512038/ Mon, 29 Jan 2018 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20180129070005_13512038/ <![CDATA[Media files - DP Poland seeing encouraging early results from first TV ad campaign ]]> https://www.proactiveinvestors.com.au/companies/stocktube/8674/dp-poland-seeing-encouraging-early-results-from-first-tv-ad-campaign-8674.html Mon, 29 Jan 2018 11:23:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/8674/dp-poland-seeing-encouraging-early-results-from-first-tv-ad-campaign-8674.html <![CDATA[News - DP Poland starts TV campaign as sales continue to climb ]]> https://www.proactiveinvestors.com.au/companies/news/190738/dp-poland-starts-tv-campaign-as-sales-continue-to-climb-190738.html DP Poland Plc (LON:DPP), the franchise holder for Domino’s pizzas in the central European country, has launched its first national TV ads following another six months of rapid sales growth.

Total revenue in 2017 rose by 51% to 58mln PLN (£12.2mln) from 39mln PLN, with like-for-like growth of 17%.

WATCH: DP Poland seeing encouraging early results from first TV ad campaign

It was the 21st consecutive quarter of double-digit like-for-like sales growth, with 75% of delivery sales ordered online.

Peter Shaw, chief executive, said national television advertising started in January this year and early results were encouraging.

DP Poland now has 55 stores in the country, compared to 35 a year earlier, of which 29 are corporately managed, 2 under management contract and 24 sub-franchised.

A second commissary in Łodz is fully operational and performing well, the company added.

READ: DP Poland momentum showing no signs of stopping as first half sales jump

The performance reflected a combination of robust like-for-likes and 19 store openings, said Shaw.

“While we experienced increased pressures in costs of sale, both labour and food, we expect these pressures to ease through 2018.

"With new or very young stores the aim is to build the customer base as much as possible as quickly as possible."

DP Poland opened 19 stores in 2017, which needed hard promotion to build to build their presence.

On average, it takes between 10-12 months for a new store to break even, so out of 54 stores there is a very high immature proportion, Shaw said.

“As we grow, we will still open new stores but those already opened will need less promotion.

“Right now, it is about getting sales in and customers onto the database so we can build the business ready for when we can deliver serious EBITDA [underlying profit].”

Poland's delivery market is expanding and we are taking a lead in that expansion, he added.

Shares were unchanged at 40p.

-- adds share price, CEO comment --

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Mon, 29 Jan 2018 08:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190738/dp-poland-starts-tv-campaign-as-sales-continue-to-climb-190738.html
<![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20171219083923_13470594/ Tue, 19 Dec 2017 19:39:23 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20171219083923_13470594/ <![CDATA[RNS press release - Celebrating Domino's Pizza's 50th store in Poland ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20171117070005_13434956/ Fri, 17 Nov 2017 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20171117070005_13434956/ <![CDATA[Media files - DP Poland hits major milestone with opening of fiftieth store ]]> https://www.proactiveinvestors.com.au/companies/stocktube/8380/dp-poland-hits-major-milestone-with-opening-of-fiftieth-store-8380.html Fri, 17 Nov 2017 08:11:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/8380/dp-poland-hits-major-milestone-with-opening-of-fiftieth-store-8380.html <![CDATA[News - DP Poland celebrates as fiftieth store opens ]]> https://www.proactiveinvestors.com.au/companies/news/187413/dp-poland-celebrates-as-fiftieth-store-opens-187413.html Domino’s Pizza franchise owner DP Poland (LON:DPP) has opened its fiftieth store in the country, an event hailed as a major milestone by chief executive Peter Shaw.

DPP now has outlets in 21 cities: its first store opened in Warsaw in 2011.

Shaw added the establishment of Domino's as a national brand in Poland is moving “from vision to reality."

“The key thing about this business is getting to critical mass,” he told Proactive.

“And getting to between 50-100 stores that’s where the business will really start singing.”

DPP’s pace of store openings has quickened over the past twelve months.

Fifteen new outlets have already opened this year, compared to twelve in the previous period, and four more are under construction.

It is the fastest pace of opening to date, added Shaw.

“It’s an unprecedented speed of roll-out.

Building footprint

“The name of the game is about driving sales and footprint and EBITDA [underlying profits] will follow.

“As you open new stores you have costs in those and most don’t hit break even for a little while,” he explained.

“It’s not a story of group EBITDA it’s about roll-out and sales growth.”

Poland’s strong economic growth is helping DPP, he added.

The economy there is expected grow by more than 4% this year and the country is on the verge of being upgraded to ‘developed’ from ‘developing’.

And there is a lot more pizza to be sold, says Shaw.

“There are 43 towns and cities with a population of least 90,000, we are in 21.”

DP Poland has the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland.

Of the 50 stores, 26 are corporately managed, two are under management contract and 22 are sub-franchised.

DP Poland has launched promotions across its store estate to celebrate the landmark store, which is in Olsztyn, a town with 170,000 people 200km north of Warsaw.

Shaw added that a second commissary is now fully operational and supplying a large proportion of stores with the potential to supply up to 150 stores.

Shares eased 0.7p to 39.3p.

-- adds detail,CEO quotes, share price--

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Fri, 17 Nov 2017 07:28:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187413/dp-poland-celebrates-as-fiftieth-store-opens-187413.html
<![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20170927170732_13377792/ Thu, 28 Sep 2017 02:07:32 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20170927170732_13377792/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20170920175646_13369989/ Thu, 21 Sep 2017 02:56:46 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20170920175646_13369989/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20170920143610_13369653/ Wed, 20 Sep 2017 23:36:10 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20170920143610_13369653/ <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20170918070004_13365331/ Mon, 18 Sep 2017 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3748/LSE20170918070004_13365331/ <![CDATA[Media files - DP Poland on track to open 50th store next month ]]> https://www.proactiveinvestors.com.au/companies/stocktube/8092/dp-poland-on-track-to-open-50th-store-next-month-8092.html Mon, 18 Sep 2017 09:10:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/8092/dp-poland-on-track-to-open-50th-store-next-month-8092.html <![CDATA[News - DP Poland on track to open 50th store next month as it drives towards critical mass ]]> https://www.proactiveinvestors.com.au/companies/news/184117/dp-poland-on-track-to-open-50th-store-next-month-as-it-drives-towards-critical-mass-184117.html Pizza delivery firm DP Poland Plc (LON:DPP) is on track to open its fiftieth store next month as it continues its drive towards to critical mass.

The AIM-quoted company, which has the exclusive right to operate the Domino’s Pizza brand in Poland, now has 48 stores in the eastern European country after opening 13 over the past 9 months or so.

Three more are currently under construction with at least two of those expected to open in October.

“We are on track to cross the 50 stores mark in October, as we drive towards the critical mass that will support national television advertising and further economies of scale in procurement,” said chief executive Peter Shaw.

New store openings drive first half sale growth

New store openings were partially responsible for yet another jump in sales in the first half of 2017, during which DPP notched up its 18th and 19th consecutive quarters of total sales growth.

Total system sales, which include the ten new stores opened in the first half, increased by 50% year-on-year to PLN27mln (£4.4mln) (H1 2016: PLN18mln) for the six months to 30 June.

READ: DPP’s momentum shows no sign of stopping as H1 sales soar

It wasn’t just the new stores that contributed to the growth either; like-for-like sales rose by 17% compared to the same period last year.

“New store openings in combination with robust like-for-like sales growth increased System Sales by 50% in the first half of 2017,” said Shaw.

“The twin sales streams of corporate stores and commissary delivered an increase in combined corporate store EBITDA and commissary variable profit of 39%.

“As our newest stores' sales build and they move into profitability we will see a further uplift in this figure.”

As is common for a rapidly expanding company, DPP saw its pre-tax loss widen to £1.08mln (H1 2016: £0.94mln).

“Step change” in underlying earnings in 2018

DPP told investors that full-year underlying earnings (EBITDA) should show a “modest improvement” compared to 2016.

It achieved 20+% like-for-like sales growth in July and August (the first two months of the second half), aided by a “robust” Polish economy and recent investment into its marketing strategies.

But a new commissary in Łódź, which opened in August and gives DPP the capacity to supply up to 150 stores with fresh ingredients, along with other fixed costs is expected to dampen the impact of higher sales this year.

As a result, the firm expects the real “step change” in underlying earnings to come next year as stores continue to mature and build sales.

“We expect to see a step change improvement in group EBITDA in 2018 as more corporate stores mature, new stores become a smaller proportion of the whole and the contribution from our commissaries continues to grow,” said CEO Shaw.

The company said it has a pipeline of store openings already in place for the next 18 months or so.

It has an intermediate target of 100 stores but reckons further down the line Poland could support at least 300 stores.

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Mon, 18 Sep 2017 07:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184117/dp-poland-on-track-to-open-50th-store-next-month-as-it-drives-towards-critical-mass-184117.html