Business
Final Results 2024 and Investor Presentation
Final Results 2024 and Investor Presentation.
About this update from Dp Poland Plc
[{"type":"text","content":"\n\n \nDP Poland plc\n(\"DP Poland\", the \"Group\" or the \"Company\")\n \nFinal Results 2024 and Investor Presentation\n \nDP Poland, the operator of pizza stores and restaurants across Poland and Croatia, announces its audited results for the year ended 31 December 2024.\nDP Poland's Chief Executive Officer, Nils Gornall, said: \n\"2024 was a pivotal year as we advanced our transformation strategy and laid the foundation for long-term success. Despite a challenging macroeconomic environment and a record prior year comparison, we delivered sustained, robust sales growth and enhanced our store network through accelerated expansion and optimisation, and continued progress on our franchising strategy.\"\n\"In Poland, we achieved a third consecutive year of double-digit like-for-like (LFL) system sales growth, with a 17.9% increase versus 2023. This performance was driven by a significant rise in order volumes and successful customer acquisition initiatives. Our refined pricing strategy and enhanced customer value proposition delivered record-breaking sales and orders, firmly positioning the business for continued momentum into 2025.\"\n\"Notably, 2024 marked a milestone as the Group achieved consistent pre-IFRS16 EBITDA profitability in Poland, reflecting our disciplined approach to cost management, a strengthened and optimised store footprint and a debt-free balance sheet. The Q1 2025 acquisition of Pizzeria 105 fast-tracks our journey toward operating 200 Domino's stores and accelerated our shift to a franchisee-led model, positioning the Group for sustained performance in 2025.\"\n \nFinancial highlights\n· Group Revenue increased by 20.2% to £53.6m (2023: £44.6m)\no Strong LFL system sales growth of 17.9% in 2024 compared to 2023 in Poland, with delivery channel LFL system sales growth of 20.1%\n· Group System Sales were up 19.8% to £55.2m (2023: £46.1m)\n· Group adjusted EBITDA* increased to £4.8m (2023: £3.5m)\n· Group loss for the period was £(0.5)m vs. £(5.0)m in 2023 (restated)\n· Cash as at 31 December 2024 ...