During the first three quarters of 2021 Dino Polska has steadily enlarged its store network by opening 234 new stores, up 53% from the corresponding period of last year. In this same period revenue totaled PLN 9.5 billion, up 29% from last year on like-for-like sales growth of 9.9% (in stores in operation for more than a year).
The higher top line is not just an effect of the network’s expansion but also the result of its extensive offering of attractively priced products aligned to consumers’ needs and expectations.
“We are constantly working on improving the quality of the products we offer and enriching the product range to include new products at attractive prices. Our efforts are welcomed by consumers who more eagerly do their shopping in the Dino network’s stores. They visited our stores nearly 100 million times in Q3, 30% more frequently than last year”, says Izabela Biadała, Management Board Member of Dino Polska S.A.
At the end of September 2021, Dino’s store count stood at 1,706. During the last 12 months the Dino Group has created 5.6 thousand new jobs, thereby driving up the total number of employees to 29.6 thousand. The network’s dynamic rollout is supported by the operation of the seventh distribution center launched in the third quarter of 2021 in Sierpc in the Mazovia Region. As a result, the capital expenditures allocated to Dino’s network expansion in the first three quarters of 2021 exceeded PLN 1 billion and were up 52.5% over the previous year. They will total roughly PLN 1.3 billion in the entire year of 2021.
“We would like to maintain a fast pace of growth. That is why we are planning to spend even more on capital expenditures next year. On top of the growing number of stores in Dino, capital expenditures will be earmarked for further expansion of the logistics base and to increase the production capacities of our Agro-Rydzyna meat processing plant because it is responsible for the high quality of fresh meat and the traditional taste of cold cuts available in Dino stores”, says Michał Krauze, Management Board Member of Dino Polska S.A.
In conjunction with executing its growth strategy the Company continues to take actions to reduce its environmental impact. “2021 has been a very intensive year for us in terms of our environmentally-friendly investments. In just the first three quarters PV panels were installed in 386 Dino stores. This means that at the end of September 2021, 751 of our stores are now powered by solar energy. In the near future we also plan to install our first large photovoltaic farm on the premises of our distribution center in Sieroniowice”, adds Michał Krauze.