Announcing final results 2012

DP Poland PLC (“DP Poland” or the “Company”)

Final results for the year to 31 December 2012

Funding and plans in place to establish a profitable business in one of Europe’s most resilient economies.

DP Poland, which through its wholly-owned subsidiary DP Polska S.A. (“DP Polska”) has the exclusive right to develop and operate Domino’s Pizza stores in Poland, announced final results for the year ended 31 December 2012.

Key Highlights

Core estate established in Warsaw – ready to expand into new conurbations

  • 15 corporate stores opened by March 2013
  • 12 stores have been open for 12 months or more
  • 5 further stores to open in Warsaw this year
  • 1 store lease already signed, 2 more in advanced negotiations and 2 further locations in pipeline
  • First stores outside of Warsaw set to open in 2013

Successful fundraising hoped to provide funding through to EBITDA break-even

  • The cash position of the Group as of 31st December 2012 stood at £10,929,753

PLC board strengthened with key high profile appointments

  • Chris Moore, previously Chief Executive of Domino’s Pizza Group plc, appointed non-executive director
  • Gerry Ford, Chairman and Chief Executive of Caffè Nero Group Ltd, appointed non-executive director
  • Maciej Jania, appointed Finance Director, alongside his role as MD DP Polska S.A.

Initial move to sub-franchising

  • First sub-franchised store expected to open as a pilot in Warsaw this year

Group results as anticipated for early stage start-up

  • Group revenue from store sales was £1,775,368 in 2012 (2011: £425,435)
  • Loss per share was 11.10p

Strong growth in sales and gross margin

  • Like-for-like* sales +37% (stores opened March to December 2011)
  • Like-for-like* gross margin +51% (stores opened March to December 2011)

Strong sales growth experienced in 2012 continuing into 2013

  • Like-for-like* sales, January 2013 on 2012, more than doubled, at 116%
  • Like-for-like* gross margin, January 2013 on 2012 more than doubled at 125%
  • Like-for-like* store EBITDA, January 2013 on 2012 64% reduction in losses
  • February and March trading is in line with expectations

*2013 on 2012 like-for-likes based on trading for the 12 sites that were open on 1st January 2012

Peter Shaw, Chief Executive of DP Poland, commented:

“2012 has been a year of significant progress for DP Poland and we have made a number of strategic moves that have put the company in a strong position to deliver on its stated strategy in 2013 and beyond. We now have a core operation in Warsaw that is delivering an encouraging trading performance and is building awareness of the Domino’s Pizza brand and is well funded. In 2013 DP Poland will continue to grow its corporate estate in Warsaw, will move into new cities and will trial its first sub-franchise store.”

Download the full announcement below

26 March 2013

Enquiries:

  • c/o College Hill: 020 7457 2020DP Poland PLC
  • Peter Shaw, Chief Executive
  • 020 7418 8900 Peel Hunt
  • Dan Webster
  • Matthew Armitt
  • Richard Brown
  • 020 7457 2020 College Hill
  • Matthew Smallwood
  • Justine Warren

dppolandAdmin