Business
H1 2018 Trading Update
H1 2018 Trading Update.
About this update from Dp Poland Plc
[{"type":"text","content":"\n \nRNS Number : 0932V DP Poland PLC 19 July 2018 \n\nDP Poland plc\n(\"DP Poland\" or the \"Company\")\nH1 2018 Trading Update\nSystem Sales up 38%. Like-for-likes 13%. 77% of delivery sales ordered online.\n· 38% increase in System Sales1 H1 2018 on H1 2017\n· 13% like-for-like2 growth in System Sales H1 2018 on H1 2017\n· 77% of delivery sales ordered online\n· 59 stores in 26 towns and cities to-date\n· 5 new stores opened in H1 2018\n· 6 further leases already signed and a number of stores under construction\nPeter Shaw, Chief Executive of DP Poland said:\n\"System Sales grew 38% in the first half of the year as a result of double digit like-for-like sales growth and sales from non-like-for-like stores (those opened within the last 12 months). This robust growth was achieved in spite of unseasonably warm weather in May and June, warm weather tending to suppress home delivery sales. Balancing the warm weather, from the middle of June the World Cup supported sales as football fans ordered delivery pizza while watching matches on TV; the Poland matches generated particularly high sales.\nThe proportion of sales ordered online continues to grow and, at 77% of all delivery sales ordered online, Poland is one of the leading Domino's markets worldwide for online sales. Online ordering is not only very popular with our customers, it is a highly cost-efficient channel to operate.\nHealthy growth in Poland's consumer economy has encouraged competitive activity as food delivery aggregators and direct pizza delivery competitors have been investing in both marketing and store openings, consequently the Polish home delivery market is showing significant growth3, as witnessed in many other markets. Domino's Pizza is well positioned in Poland to take long-term advantage of this market growth, through its focused proposition to deliver consistently great tasting, freshly made hot pizza, fast, time after time after time, the fundamental reason why Domino's Pizza became the world's number one pizza chain4 by system sales in 2017.\nFollowing our record number of store openings in 2017 (19 stores opened) we are focused in 2018 on balancing store openings with growing the sales and EBITDA pe...