„DINO POLSKA” S.A. – Dino Polska S.A. reports sales growth topping 30% and further store network rollout as at the end of Q3 2019

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Dino Polska S.A. reports sales growth topping 30% and further store network rollout as at the end of Q3 2019

In the first three quarters of 2019 Dino Polska S.A., a Polish grocery store network, generated a top line of PLN 5.5 billion with LFL sales growth of 11.4%. The company earmarked PLN 629 million for capital expenditures from January to the end of September 2019, signifying 33% growth in comparison with the corresponding period of 2018. During this same period the store network expanded by 138 Dino stores, consisting of a total of 1,113 stores at the end of Q3 of this year.

Dino Polska S.A. continues to enhance its profitability. The company’s top line has shot up 30.7% year on year to more than PLN 5.5 billion on a year to date basis in the first 9 months of 2019. This was accompanied by an increase in EBITDA of more than 36.5% to PLN 505.7 million and further improvement in the EBITDA margin to 9.2% (up 0.4 p.p. y/y). In Q3 2019 alone Dino Polska’s quarterly revenue surpassed the PLN 2 billion watermark, i.e. it was up 31.0% over last year. This was accompanied by LFL sales growth of 12%.

“We are elated with rising sales in our existing store network depicted by our stable double digit LFL growth ratio. We treat this as proof of the trust customers place in the Dino brand. We build our product offering with great care, we attach importance to the opinions of our customers and we track consumer trends. That is why we are able to provide not just an extensive selection of products on a daily basis but we are also able to introduce many new products. To give one example, we are constantly refining our fruit and vegetable stand”, says Szymon Piduch, CEO of Dino Polska S.A.

The company’s capital expenditures totaled PLN 629 million in the period from January to the end of September 2019, up 33% from the corresponding period of 2018. Dino Polska S.A. has mainly invested in the rapid growth of its store network and the expansion of its logistics capacity. In the full year of 2019 the company will earmark roughly PLN 850 million for development.

“The retail trade will soon face the most intensive period of the year, bringing us closer to the Christmas Holidays. The ease and convenience of shopping take on special meaning in this period. That is why we intend to have a large number of new store openings across Poland in Q4 2019. It is our desire for Poles to be able to do their holiday shopping in Dino stores comfortably, quickly and close to home, enabling them to spend the time they save with their loved ones”, sums up Szymon Piduch, CEO of Dino Polska S.A.

The network expanded by 138 stores during the first three quarters of 2019 compared to 120 new stores in the same period one year ago. At the end of September of this year, 1,113 stores operated under the Dino banner versus 895 stores at the end of September 2018, signifying 218 new stores and 24% growth year on year.

More information regarding Dino Polska S.A.:

Dino is a nationwide network of medium-sized supermarkets located in close proximity to where customers live. Its grocery stores are open every day (except for non-trade Sundays) from 6:00 a.m. to 11:00 p.m.¹. The Dino network is one of the fastest growing retail grocery trade networks in Poland. At the end of September 2020 it consisted of 1,371 stores across Poland.

The Dino Group’s business model blends the advantages offered by the format of conveniently-located mid-sized supermarkets with the capability of rapidly opening new stores and offering an attractive assortment primarily entailing attractively-priced branded and fresh products.

Dino stores offer customers approximately 5 thousand stock keeping units (SKUs). Most of the SKUs are either fresh products or branded products, including a full range of groceries, household chemicals and cosmetics as well as small household articles and appliances. Every Dino store has a staffed meat counter, with the Agro-Rydzyna meat processing plant supplying high quality meat and cold cuts.

The Dino Group’s logistics network consists of five distribution centers located in Krotoszyn, Jastrowie, Wolbórz, Rzeszotary and Łobez. 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 September 2020 the Dino Group had 24.1 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.

^{1 Some stores are open for less than the standard working hours in connection with aligning their operation to local regulations.}