DP Poland PLC - Birmingham, England-based operator of Domino’s pizza stores and restaurants across Poland and Croatia - Says trading in the year to April 30 in Poland remains strong, with total system sales up 15% to 70.8zł million, or £13.5 million, from 61.6zł million a year earlier. Like-for-like system sales are up 18% to 69.5zł million from 58.7zł million. Says inflationary costs have begun to show a ‘positive downward trend which should support profitability in coming quarters’. In Croatia, total system sales in the period amount to €660,000, up 53% from €440,000 a year earlier.

DP Poland will release its 2022 results in the second half of June.

Looking ahead, the firm expects revenue to be between £35.6 million to £35.9 million for 2022, and post-IFRS earnings before interest, tax, depreciation and amortisation to be between £1.6 million to £1.8 million. Says Ebitda is slightly lower than previous expectations due to the settlement of higher utilities costs for the year and accrual cost adjustments. In 2021, revenue was £29.9 million. Ebitda was £1.1 million.

Current stock price: 8.40 pence each, up 1.8% on Tuesday afternoon in London

12-month change: up 37%

Copyright 2023 Alliance News Ltd. All Rights Reserved.