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DP Poland sees continued double-digit like-for-like sales growth, improving margins in first quarter

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

DP Poland
DP Poland added that store margins are improving as cost pressures ease

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.”

Quick facts: DP Poland PLC

Price: 6.75 GBX

AIM:DPP
Market: AIM
Market Cap: £17.12 m
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