22nd May 2020 14:38
(Alliance News) - DP Poland PLC on Friday reported a strong 2019, but warned that the economic outlook remains uncertain.
The pizza delivery franchiser reported revenue of GBP14.0 million for the year to December 31 compared to GBP12.4 million the year prior, resulting in a narrowed pretax loss of GBP3.5 million from GBP3.8 million.
DP Poland said store numbers in 2019 increased from 63 to 69 stores, satisfying the Domino's Pizza master franchise agreement requirement. System sales were up 13%, like-for-like system sales up 3%, and delivery sales ordered online up 6%.
Despite that, the company said coronavirus crisis presents its industry with some major obstacles. So far DP Poland said it has seen relatively little impact as, under Polish government guidance, the company has been able to keep all of its stores open and sales have held up robustly.
"We continue to create new initiatives and seek to adapt to the 'new world'. Meanwhile, one consequence of the crisis has been to bring about some reduction in our food and labour costs," said Chief Executive Iwona Olbrys.
AIM-listed DP Poland shares were trading flat in London on Friday afternoon at 8.50 pence each.
By Evelina Grecenko; [email protected]
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