Business
Final Results and Trading Update
Final Results and Trading Update.
About this update from Dp Poland Plc
[{"type":"text","content":"\n \n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n DP Poland plc\n \n \n \n (\"DP Poland\", the \"Group\" or the \"Company\")\n \n \n \n \n \n \n Final Results, Trading Update and Investor Presentation\n \n \n \n \n \n \n DP Poland, the operator of pizza stores and restaurants across Poland, announces\n \n its audited results for the year ended 31 December 2021.\n \n \n \n \n \n Financial highlights*:\n \n \n \n \n \n ·\n Cash at bank of £2.7m as at 31 December 2021 (£1.3m as at 31 December 2020)\n \n \n ·\n Revenue increased by 3.1% to £29.9m (2020: £29.0m)\n \n \n o \n Strong LFL revenue growth in Q4 of 21%\n \n \n o \n Growth of dine-in and delivery LFL System Sales of 9% and 4% respectively compared to prior year\n \n \n ·\n System Sales were up 4.6% to £31.2m (2020: £29.8m)\n \n \n ·\n Group EBITDA increased from -£0.2m to £1.1m\n \n \n ·\n Group loss for the period decreased by 51.2% from -£8.8m to -£4.3m\n \n \n \n \n \n \n Operational highlights:\n \n \n \n \n \n \n \n \n ·\n 85% of delivery sales were ordered online (2020: 85%)\n \n \n ·\n Full integration of Dominium S.A. completed in July 2021\n \n \n ·\n The Group had 121 stores at the end of 2021, with the acquisition of Dominium S.A. almost doubling the number of stores from 69\n \n \n ·\n Substantial investment in driver recruitment to improve delivery times\n \n \n ·\n FY21 highly affected by the challenges of the Covid-19 pandemic\n \n \n o \n Restrictions negatively impacted restaurants' dine-in performance however food delivery sector thrived\n \n \n ·\n Polish GDP and inflation increased in 2021 resulting in increased labour costs with a 7.7% increase in the national minimum wage\n \n \n \n \n \n \n Summary Financial Information\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £'000\n \n \n \n \n \n \n Pro-forma unaudited consolidated data\n \n \n \n \n 2020\n \n \n \n \n \n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n \n \n \n \n \n % change\n...