At the end of September 2023 Dino Polska had enlarged its store network to 2,340 stores versus 2,069 one year ago. This geographic expansion involved the creation of almost 4.7 thousand new jobs during the last 12 months. The Dino Group’s total headcount at the end of Q3 2023 was 40.3 thousand employees.
In Q3 the Dino network opened 68 new stores, and year-to-date it has added 184 new stores. At the end of September 2023, there were 2,340 stores bearing Dino’s distinctive red logo in Poland. The Dino store network’s uniform format and convenient location facilitate consumers’ shopping for groceries and other staples.
At the end of September 2023, the total selling area in Dino stores was 921.4 thousand square meters, up 13.4% from one year ago. Dino Polska’s capital expenditures are related mostly to network development and totaled PLN 277 million in Q3 2023 and PLN 846 million year-to-date. That means that the Dino Group’s cumulative capex spend over the last five years has topped PLN 5.6 billion.
Revenue over Q1-Q3 2023 totaled PLN 19.0 billion and is up 34.4% from one year ago. 40% of revenue came from the sales of fresh products, especially fruit and vegetables, bread and the fresh meat produced by the Agro Rydzyna meat processing plant. Fresh products are delivered to the Dino stores every morning.
The like-for-like (LfL) sales growth rate in stores in existence for at least one year was 20.6% in Q1-Q3 2023. Dino’s revenue in Q3 2023 totaled PLN 6.9 billion and is up 28.1% over Q3 2022. During this period LFL sales climbed 16.3%.
“Every day we focus on ensuring that the offering in Dino stores satisfies consumer needs in a convenient and comprehensive manner. We see the positive effects of these efforts in the form of the robust, double-digit growth in the number of customers visiting Dino stores. This means that the Dino brand is consistently winning consumer confidence and constitutes a source of motivation to continue the network’s rapid development”, says Michał Krauze, Management Board of Dino Polska.
PV installations to provide our company with clean electricity have been a regular part of the equipment installed in newly-opened Dino stores. At the end of Q3 2,010 stores, representing 86% of Dino’s overall network had been outfitted with these installations. We have our own renewable energy installations in operation in two of the Group’s distribution centers, and work to commission more installations is underway on the premises of our other distribution centers. The total capacity of the RES installations owned by the Dino Group at the end of Q3 2023 was 77.6 MW, which satisfied 40% of Dino Polska’s total demand for electricity in Q2 and Q3 of this year. Year-to-date Dino Polska has generated 60 GWh of solar power, some 74% more than in the corresponding period of 2022.
e-mail: [email protected]