Buoyant Polish economy boosts DP Poland in first quarter

The AIM-traded firm said it saw 17% like-for-like growth in system sales in the first quarter to 31 March, as investors gathered for the annual general meeting.

It now had 56 stores in 24 towns and cities, with two new stores opened in the first quarter, with eight further leases already signed and a number of stores under construction.

Store margins were also said to be improving as cost pressures eased.

“The first quarter of 2018 saw continued double digit like-for-like sales growth and improving margins at the store level,” said DP Poland CEO Peter Shaw.

“The buoyant Polish economy coupled with price deflation in the European cheese market have combined to provide healthy conditions for growth.”