Domino’s Pizza in Poland (DP Poland) has reported a 37% rise in like-for-like sales at mature stores in the year to 31 December 2012.
The company also announced the appointment of Maciej Jania as finance director alongside his role as managing director of parent company DP Polska.
Group revenue from store sales was £1,775,368 in 2012 (2011: £425,435) and it reported a loss per share of 11.10p, linked to start up costs. DP Poland said: “Successful fundraising hoped to provide funding through to EBITDA break-even.”
The increase in like-for-like sales related to stores that opened between March and December 2011. Like-for-like gross margin in these outlets grew 51%.
DP Poland said the strong sales growth experienced in 2012 continued into 2013. Like-for-like sales growth in January more than doubled, at +116% and with like-for-like gross margin up 125%. There was a 64% reduction in losses on a like-for-like store EBITDA level.
The company said February and March trading is “in line with expectations”.
The company said it planned to open a further five stores in Warsaw this year, with one lease already signed, two in advanced negotiations and two further locations in the pipeline. It expects to open its first stores outside of Warsaw this year. Fifteen corporate stores had been opened by March 2013, and 12 had been open for 12 months or more.
Meanwhile, its first sub-franchised store is expected to open as a pilot in Warsaw this year.
Peter Shaw, chief Executive of DP Poland, said: “2012 has been a year of significant progress for DP Poland and we have made a number of strategic moves that have put the company in a strong position to deliver on its stated strategy in 2013 and beyond.
“We now have a core operation in Warsaw that is delivering an encouraging trading performance and is building awareness of the Domino’s Pizza brand and is well funded. In 2013 DP Poland will continue to grow its corporate estate in Warsaw, will move into new cities and will trial its first sub-franchise store.”
