Dino Polska Sees Like-For-Like Sales Up 11.6% In Full-Year 2018
Polish retailer Dino Polska has posted like-for-like sales growth of 11.6% in full-year 2018, to PLN 5.8 billion (€1.36 billion). Reported sales grew by 30.8%, driven by investment in new-store openings.
The group reported that its EBITDA rose by 34.8% over the year, while its EBITDA margin rose by 0.3 percentage points, to 9.3%.
Dino Polska invested PLN 634 million (€148 million) in its operations in 2018, chiefly on new-store openings and a new distribution centre, in Rzeszotary, in Lower Silesia.
In the coming year, the business has earmarked PLN 850 million (€199 million) for investments.
It opened 202 stores over the full year, compared to 147 in full-year 2017, leaving it with a total of 977 outlets as of the end of the year.
“We owe the pace of growth to our clients – those people who do their shopping in Dino regularly, and new customers whose trust we are constantly working to gain,” commented Szymon Piduch, president of Dino Polska’s management board.
“We would like to maintain the fast pace of our company’s growth in upcoming years. The market environment that is conducive to the Polish grocery market, combined with our tried and tested store format, offers ample opportunities for further expansion,” added Piduch.
Dino Polska aims to have exceeded 1,200 stores by 2020 and will ‘continue its rapid expansion in the coming years’.
“The retail grocery market is growing by roughly 4% per annum. Dino Polska is growing faster than the market, and we continue to see tremendous opportunities for our store network expansion,” Piduch added.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.