In 2020 Dino Polska, a Polish nationwide grocery store network consistently executed its growth strategy, which translated into rapid expansion, further topline growth and enhanced profitability.
In 2020 Dino Polska completed investments to launch 278 Dino stores, with 255 of them opened in 2020, and 23 in early 2021. At the end of 2020 our network numbered nearly 1,500 stores. That figure is more than 20% above the target Dino Polska set for itself when it took the company public on the Warsaw Stock Exchange 4 years ago. At that time, the plan was to enlarge the network from 628 stores at the end of 2016 to more than 1,200 stores at the end of 2020.
In the past year the Dino Polska Group earmarked more than PLN 1 billion to investments in total enabling it to create more than 5 thousand new jobs. At the end of 2020, total headcount exceeded 25.8 thousand employees. In addition to opening new stores, the Company also launched its fifth distribution center in the community of Łobez in the Western Pomeranian region and it kicked off the construction of another two distribution centers: one in central Poland and one in the southern part of Poland.
“The convenience and quickness of shopping we offer in Dino stores mean that customers are more readily choosing our network to do their shopping. We expend a lot of effort to offer our customers a full range of the highest quality fresh products and an extensive array of other food products and staples. In 2020 we adapted to the changing environment quickly and efficiently. To enhance shopping comfort, we extended the working time of the stores, which are now open from 6:00 a.m. to 11:00 p.m.”, says Izabela Biadała, member of the Management Board of Dino Polska S.A.
Dino Polska is consistently making environmentally-friendly investments. Currently, 400 Dino stores across Poland are powered with solar energy. The Company’s plans call for the installation of PV panels on the rooftops of another 400 stores and in three distribution centers. After these investments are completed, the total capacity of Dino Polska’s installations using renewable energy sources will be 33 MW, which in 2022 should make it possible to reduce the quantum of harmful substances emitted into the atmosphere by approximately 24 thousand tons of CO2 equivalent.
Our well-thought through pricing and product assortment offering and customers’ growing trust contribute to rising sales in Dino stores. Our topline sales growth on a like-for-like basis, i.e. in stores that operated in the prior year, too, was in the double digits once again and came in at 12.6% in 2020. This, combined with our geographic expansion allowed us to grow the Dino Polska Group’s total revenue by 32.4% to more than PLN 10 billion. Further profit improvement accompanied this process.
“Our growing business size forms a solid foundation to continue making our offer more attractive and augment the accessibility of Dino stores in various regions around the country. In 2021 we will continue to pursue this growth strategy. The goal we have set for ourselves is for the pace of growth in our network to be no slower than in recent years. We plan to incur total capital expenditures of roughly PLN 1.2 billion. In parallel, we are resolute in our efforts to gain more trust from consumers whereby I believe that once again we will be able to deliver above-average topline growth measured on a like-for-like basis”, states Michał Krauze, member of the Management Board of Dino Polska S.A.