DP Poland serves up small loss after Dominium takeover

DP Poland, the master franchisor of the Domino’s Pizza brand in Poland, reported a 0.1% improvement in like-for-like system sales in its first half on Monday, to £14.6m.

The AIM-traded firm reported a like-for-like decrease of 1.6% in the first quarter and a like-for-like increase of 9.3% in the second quarter, with the third quarter showing a like-for-like increase of 0.7%.

EBITDA swung to a loss of £14,000, from earnings of £0.19m a year ago, while cash at bank totalled £1.4m at period end on 30 June, rising from £0.3m year-on-year.

On the operational front, DP Poland reported that the integration with Dominium was completed in July, adding that a new integrated website was launched, followed by launch of the Android and iOS apps.

Its commissaries were expanded, and currently supplied the entire network, while the chain’s new menu, built on best-selling items, was introduced during the summer.

“We believe in the acquisition of Dominium and are starting to see the fruits of our labour, despite the challenging environment,” said chairman Nick Donaldson.

“We have a strong position in the market place and see the roadmap for a much larger network of profitable stores across Poland.

“We are at an exciting crossroads operationally for the enlarged DP Poland business.”

At 1216 BST, shares in DP Poland were down 1.25% at 7.9p.