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DP Poland trading 'relatively well' through coronavirus lockdown

Published: 19:34 30 Mar 2020 AEDT

DP Poland PLC -
Contactless delivery has been well-received

DP Poland PLC (LON:DPP) said it is trading ‘relatively well’ through the coronavirus lockdown in the central European country.

Poland imposed similar restrictions to the UK on March 14, since when DP Poland has shut its eat-in capability, though all 69 of its stores are still trading and making deliveries.

In 2019, 82% of orders were made online and the company has introduced a contactless delivery and contactless carry-out process.

DP Poland is also seeing reductions in the cost of ingredients, particularly in cheese - a key component of most pizzas - while the recruitment market has improved ‘markedly’.

Even so, the AIM-listed company added, there is little visibility on the potential full-year outcome.

“However, for so long as we are permitted to continue to sell and deliver great pizzas to our customers we believe that we are well placed to trade relatively well during the lockdown," it said in a statement.

Results for the year to December 31, 2019, were due to be published on Tuesday have been suspended due to the FCA guidelines.

DP Poland has already indicated sales were up 13% for 2019, with cash in the bank at the year-end of £3.6mln.

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