Source - SMW
DP Poland's like-for-like system sales rose  by 28% in the first half with like-for-like system sales up 24% July-August on July-August 2015,

  Total system sales for the six months to the end of June were up 57%.

Other highlights:

- Corporate store EBITDA +104% H1 2016 on H1 2015

-      Commissary gross profit +143% H1 2016 on H1 2015

-     Group EBITDA loss reduced +6% H1 2016 on H1 2015 at actual exchange rates

-   69% delivery sales online

Chief executive Peter Shaw said: "Out of our 6 store openings so far this year I am delighted that 3 stores have been opened by 2 new sub-franchisees, in 2 new cities, taking the number of our sub-franchise partners to 4. Domino's Pizza is now available in 7 Polish cities, with 29 stores to date, 16 corporately managed and 13 sub-franchised.

"We saw more than a doubling of both corporate store EBITDA and commissary gross profit in the first half of the year driven by rapid sales growth and improvements in food costs. The continuing improvement in Group EBITDA losses will accelerate as the growth in overheads necessary for rapid expansion become proportionately less significant to accelerating sales."

Group EBITDA losses, at actual exchange rates improved 6% H1 2016 (£728,397) on H1 2015 (£773,591). 

The group loss for the period, at actual exchange rates, was reduced by 12% H1 2016 (£944,378) on H1 2015 (£1,074,059)

A rapidly growing store estate and projected growth in System Sales this year and next, requires investment in commissary capacity and the teams that support store expansion, including real estate, distribution and area management. 

The group said: "Step changes in these direct and indirect costs are anticipated to have a short term impact on Group EBITDA, before the growth in sales absorbs that impact and proportionately reduces those costs as a percentage of sales.

"Online sales grew to 69% of delivery sales for H1 2016 compared with 66% in H1 2015, benefiting the customer by providing an easy means of ordering and improving store economics by reducing the need to take orders by telephone.

"We continue to invest in improving the online experience for our customers, whether they purchase via smart phone, tablet or PC." 


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DP Poland (DPP)

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