Dino

IMPORTANT INFORMATION

Prior to obtaining access to the information placed on this website, please read carefully the following important information regarding the terms of access to this website and of the use of the information contained herein. Please note that the important information presented below may be changed or updated. Consequently, it should be read and analysed in whole whenever this website is accessed in the future. THE MATERIAL CONTAINED ON THIS WEBSITE IS NOT INTENDED FOR RELEASE, DISSEMINATION, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE TERRITORY OF THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISSEMINATION, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE APPLICABLE LAWS OR WOULD REQUIRE REGISTRATION. The materials to which you will gain access relate to or are connected with (i) an initial public offering in the territory of Poland of up to 48,040,000 ordinary shares (the “Sale Shares”) in Dino Polska S.A with its registered office in Krotoszyn (the “Company”), with a nominal value of PLN 0.10 each (the “Offering”), conducted by Polish Sigma Group S.à r.l. (the “Selling Shareholder”), and (ii) with the seeking of the admission and introduction of 98,040,000 ordinary shares with a nominal value of PLN 0.10 each (the “Shares”), including the Sale Shares, to trading on the regulated market of the Warsaw Stock Exchange (the “Admission”). On 17 March 2017, the Financial Supervision Authority approved the prospectus (the “Prospectus”) prepared in connection with the Offering and the Admission. The Prospectus (in Polish), together with any supplements and update communications thereto, and with the announcement of the final number and price of the Sale Shares offered in the Offering (upon its drafting and publication), will be posted on, and will, during its validity period, continue to be available in an electronic form on the Company’s website (www.grupadino.pl) and at the website of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna Oddział – Dom Maklerski PKO Banku Polskiego w Warszawie (www.dm.pkobp.pl) – solely for information purposes. The Prospectus is the sole legally binding offering document which contains, for the purposes of the Offering and the Admission, information about the Company, the Shares (including the Sale Shares) and the Offering. Materials posted on this website include the Prospectus with any supplements and update communications thereto, if any, the announcement of the final number and price of the Sale Shares offered in the Offering (upon its drafting and publication) and information which is either of promotional nature for the purposes of the Offering and the Admission or constitutes information disclosed by the Company to the public in the performance of the Company’s disclosure obligations under the applicable laws and regulations. These materials do not constitute an offer for the sale of securities in the United States, Canada, Japan, Australia, or any other jurisdiction where such offer for sale would constitute a violation of the applicable laws or would require registration. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933 (the “U.S. Securities Act”). Securities of the Company have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act. Neither the Prospectus nor the securities of the Company covered thereby have been or will be registered, approved or notified in any country other than the Republic of Poland, specifically in accordance with the laws enacted based on Directive 2003/71/EC of the European Parliament and of the Council, as amended, and they cannot be offered or sold outside the territory of the Republic of Poland (including within the territory of other countries of the European Union or the United States of America, Canada, Japan or Australia) unless in any relevant state such offer or sale could be effected in compliance with the law without the need for the Company, the Selling Shareholder or their respective advisors for the purpose of the Offering to comply with any additional legal requirements. Any investor residing in or having its registered office outside the Republic of Poland should review the relevant regulations of Polish law as well as the regulations of other countries which may apply thereto in connection with the participation in the Offering. WE HEREBY INFORM YOU THAT THE MATERIALS AND INFORMATION TO WHICH YOU WILL BE GRANTED ACCESS AND THE USE OF SUCH MATERIALS AND INFORMATION: (I) ARE SUBJECT TO THE ABOVE RESTRICTIONS; (II) ARE DIRECTED TO PERSONS RESIDING IN AND ACCESSING THIS WEBSITE FROM THE TERRITORY OF THE REPUBLIC OF POLAND; (III) ARE NOT DIRECTED TO U.S. PERSONS OR PERSONS ACTING FOR THE ACCOUNT OF, OR ON BEHALF OF, A U.S. PERSON (AS SUCH TERM IS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT); (IV) ARE NOT DIRECTED  TO PERSONS RESIDENT OR WITH A  REIGSTERED OFFICE IN CANADA, JAPAN OR AUSTRALIA, OR IN ANY OTHER JURISDICTION WHERE ACCESSING THE MATERIALS AND INFORMATION CONTAINED ON THIS WEBSITE WOULD CONSTITUTE A VIOLATION OF THE APPLICABLE LOCAL LAWS OR WOULD REQUIRE REGISTRATION OR OBTAINING A PERMIT. Please note that reviewing and accessing these materials in violation of the above may constitute a violation of securities laws, in particular in Poland and the United States.

Dino Polska in Q1 2019: further growth in business size, more investments

Dino Polska S.A., a Polish grocery store network posts nearly 23% growth in revenue up to PLN 1.56 billion in Q1 2019. This was accompanied by an increase in EBITDA of more than 26% and further improvement in the EBITDA margin (+0.3 p.p.).

At the end of March 2019, as a result of opening 33 new stores in Q1, its network numbered 1,009 stores. That signifies an increase of 209 stores (+26%) versus March 2018. The Dino store network has nearly doubled in size over the last three years.

Dino Polska continues to pursue its organic growth strategy and intends to open more stores with a wide offer of fresh products, affording its customers the comfort of doing their daily shopping close to their homes.

In parallel with the improvement in the Group’s revenue, like-for-like sales growth (LfL) was 5%.
The number of customer visits to stores also rose in Q1 2019 in connection with the Dino store network rollout.

Dino Polska’s consolidated EBITDA grew year on year by 26.2% to PLN 132.2 million. Its EBITDA margin in Q1 2019 was 8.5%, i.e. 0.3 percentage points above the corresponding period of 2018.

“We are pleased with the results we delivered in Q1. We posted nearly 23% top line growth and robust profitability ratios. We produced these results in spite of the unfavorable calendar effect, i.e. the shift in the timing of the Easter Holiday to Q2 2019 and the 8% decline year on year in the number of trading days. In subsequent quarters we expect to accelerate the pace of growth. The market is conducive, including Poles’ upbeat consumer sentiment ensuing from the robust macroeconomic situation, steadily rising income and low unemployment”, says Szymon Piduch, President of the Management Board of Dino Polska S.A.

In Q1 the Company spent more than PLN 240 million on investments to further its network rollout. It estimates that its total investment spend in full year 2019 will be PLN 850 million. A substantial portion of its capital expenditures will be used to expand the store network and logistics functions.

“We have ambitious plans. In 2018 we opened a record-breaking number of stores: 202; this year we intend to open an even greater number of new stores. We are constantly refining our product assortment: we focus on high quality products originating from Polish producers, low prices and an extensive offering of fresh products that accounted for more than 39% of our revenue in Q1 of this year. We would like to be the grocery store of first choice for an ever larger number of Poles”, adds Szymon Piduch.

The Dino store network at the end of Q1 2019 numbered 1,009 stores with a total selling area of 389 thousand m² versus 800 stores and a total selling area of 305 thousand m² in the corresponding period one year ago. 33 stores were opened from January to March 2019 versus the 25 new stores opened in Q1 2018.

The growth in the network’s business size is the outcome of the Dino Group consistently executing its strategy, calling for the continuation of its rapid organic growth in store numbers (123 new stores in 2016, 147 in 2017 and 202 in 2018), whereby the Dino network has transformed into a national player employing 17.4 thousand people.



More information regarding Dino Polska S.A.:

Dino is a Polish network consisting of medium-sized grocery supermarkets located close to customers’ places of residence that is one of the fastest growing networks on the overall retail grocery market in Poland. Dino’s network consists of 1,009 stores (data as at 31 March 2019), primarily located in western Poland.

The Dino Group’s business model combines the advantages of the medium-sized supermarket format situated in convenient locations for customers with the ability to open new stores quickly and an attractive product range, comprising primarily branded and fresh products at competitive prices.

Dino stores offer their customers approx. 5,000 stock keeping units (SKUs), mostly well-known branded products and fresh products. The Dino Group offers its key products at prices similar to the largest grocery retail networks in Poland. Every Dino store has a fresh meat counter with customer service staff. The Agro-Rydzyna meat processing plant supplies high quality meat and cold cuts.

The Dino Group’s logistics network consists of four distribution centers located in Krotoszyn, Jastrowie, Piotrków Trybunalski and Rzeszotary. Its geographic range makes it possible to deliver fresh products to all of the stores in Dino’s network every day of the week.

At the end of March 2019 the Dino Group had 17.4 thousand employees.The Company has been listed on the main floor of the Warsaw Stock Exchange since April 2017. Dino Polska S.A. is majority-owned by Polish capital.

Contact for media

Beata Cioczek (M+G)

tel.: +48 22 416 01 02

mob.: +48 508 385 432

e-mail: media@marketdino.pl

News

05.04.2019  | Press releases 
14.11.2017  | Press releases 
03.10.2017  | Press releases 
13.04.2017  | Current reports 
26.01.2017  | Press releases 
11.01.2017  | Press releases 
06.12.2016  | Press releases