In Q3 2022 Dino Polska’s sales revenue was 54% higher than in Q3 2021. At the end of September, the Dino network numbered 2,069 stores, 94 more than one quarter ago and 363 more than at the end of September 2021. Conveniently located stores and attractively priced products contributed to a record-breaking number of consumers doing their shopping in Dino.
In Q3 2022 Dino Polska’s sales revenue totaled PLN 5.4 billion. Year-to-date, in the first three quarters of 2022, revenue reached the level of PLN 14.1 billion, which was 48.5% more than in the period from January to September 2021 and more than the revenue generated in the full year of 2021 (PLN 13.4 billion). At the same time, the level of LFL sales (like for like, in stores operating for more than one year) grew by 33.2% in Q3 and by 28.3% in the first three quarters of 2022.
“The scale of our business is growing at a faster and faster pace. This results from our business model and Dino’s unique store format. We are capable of opening stores very close to where customers live. New deliveries of fresh products are made to our stores every day in the morning, enabling us to provide the very top quality. At the same time, we strive to run the company effectively and economically so that we can offer our customers low prices and attractive promotions.”, says Michał Krauze, Member of the Dino Polska Management Board.
The results are readily visible. In Q3 clients visited Dino network stores more than 1.6 million times a day on average. It was not until Q2 2021 that the company reported that it had permanently exceeded the threshold of 1 million clients.
The capital expenditures for the Dino Group’s development in Q3 2022 totaled PLN 393 million, while on a year-to-date basis they totaled PLN 1.1 billion. They were designated chiefly to launch new Dino stores and thereby create another 6 thousand jobs in the first three quarters of the year.
Dino Polska is consistently reducing the intensity of the environmental impact exerted by its business. The capacity of the Company’s installations generating electricity from renewable energy sources has grown from 29 MW at the end of 2021 to 53 MW at the end of 2022. This enabled us to produce 34.5 GWh of energy from renewable energy sources, 2.6 times more than in the first three quarters of 2021. This reduced the emission of harmful substances into the atmosphere by about 24 thousand CO2.
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