DP Poland PLC (“DP Poland”)
Final results for the year to 31 December 2010
Roll out on track
DP Poland is the owner of the exclusive rights to develop and operate Domino’s Pizza stores in Poland.
The development and roll out plan is to open 27 stores by the end of December 2012 in Warsaw.
- £6.5m (before expenses) raised and the Company quoted on AIM in July 2010
- Trading subsidiary in Poland established, core management team put in place and first eight store managers recruited
- Commissary for first 25 stores set up
- First store opened, on schedule, on 28 February 2011
- Target to open 12 stores in Warsaw by end 2011 and a further 15 stores targeted for 2012
- Loss before tax of £411k for the period to 31 December 2010 in line with the board’s expectations. Net cash balance of £5m at 31 December 2010
Peter Shaw, Chief Executive of DP Poland, said:
“We have made good progress in establishing the team and infrastructure for the development of the Company and are delighted to have opened our first store in Warsaw on time. We aim to offer the highest quality pizza of any delivered pizza in Warsaw and have an extensive marketing plan to ensure that the customer understands our proposition. We are on track to hit our stated expansion targets for 2011 and beyond.”
Download the full announcement below
The 2010 Annual Report is now available to download form here
17 March 2011
Enquiries:
- c/o College Hill: 020 7457 2020DP Poland PLC
- Peter Shaw, Chief Executive
- 020 7457 2020 College Hill
- Matthew Smallwood
- Justine Warren
- 020 7107 8000 Seymour Pierce
- Jeremy Porter / Catherine Leftley – Corporate Finance
- David Banks / Jacqui Briscoe – Corporate Broking