5th Apr 2022 16:21
DP Eurasia NV - Amsterdam-based master franchisee of Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - Reports revenue of TRY1.50 billion in 2021, around USD101.7 million and representing a 47% increase on the previous year's figure of TRY1.02 billion. Swings to a pretax profit of TRY32.7 million from a loss of TRY93.6 million the previous year. Company says revenue growth was driven by like-for-like growth and store openings.
In the twelve weeks to March 27, group system sales growth stands at 56% and like-for-like growth stands at 37%. Notes no material disruption to its operations in Russia but limits any further investments into its operations in the country. Continues that it is not able to provide "meaningful" guidance on its results for the current year due to tensions regarding Russia and a high inflationary environment in Turkey.
Current stock price: 52.60 pence, up 4.4% in London
12-month change: down 24%
By Heather Rydings; [email protected]
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