At the end of June 2023 Dino Polska had enlarged its network to 2,272 stores versus 1,975 one year ago. This geographic expansion involved the creation of more than 4.9 thousand new jobs. The Dino Group’s total headcount at the end of H1 2023 was 39.4 thousand employees. At the same time, the network’s revenue grew dynamically.
H1 revenue totaled PLN 12.1 billion and is up 38.3% from one year ago. The like-for-like (LfL) sales growth rate in stores in existence for at least one year was 23.3%.
“The significant top line growth stems from our cogent product assortment and pricing offering that is effectively aligned to consumer needs; it also stems from our unique store format that makes it possible for consumers to do their daily shopping quickly and conveniently”, says Izabela Biadała – Management Board Member of Dino Polska.
In this period, the Dino network added 116 new stores to reach a total of 2,272 stores at the end of H1. It is preparing to open an even larger number of stores in the latter half of the year.
“Development is proceeding according to plan and is producing the expected results in the form of a rising number of consumer visits and gradual improvement in the effectiveness of our organization. The newest distribution center, our eighth, which we opened in Q2 in the Lubień Kujawki commune in the central part of Poland will underpin the steady extension of Dino’s reach”, says Michał Krauze – Management Board Member of Dino Polska.
Dino Polska’s capital expenditures are related mostly to network development and totaled PLN 569 million in H1 2023.
PV installations to provide our company with clean electricity have been a necessary part of the equipment installed in newly-opened Dino stores. At mid-year, 1,840 stores, representing 81% of Dino’s overall network had been outfitted with PV installations. Dino’s first distribution center joined this group this year, and work is underway to commission installations based on renewable energy sources in more distribution centers. The installation of photovoltaic panels on the rooftops of stores and distribution centers will make it possible to continue reducing the demand for electricity from conventional sources of energy. In H1 2023 they generated nearly 34 GWh of solar power, some 77% more than in H1 2022.
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