DPP reported an impressive performance in its FY24 interim results, released on 17 September. Group revenue grew 25.9% to £26.4m (H1 FY23: £21.0m). Revenue in Poland grew 24.0% to £24.9m, with LFL revenue growth of 22.2% for the most part driven by the very impressive 18.8% increase in average weekly order count (AWOC). At the adjusted EBITDA level, there was an improvement of 95.2% to £2.1m (H1 FY23: £1.1m). Net cash was £5.3m post-leases (H1 FY23: net debt £12.8m) and £12.7m pre-leases (H1 FY23: net debt £4.0m). DPP is making good progress with its store roll-out. Average order values have improved sharply and the transition to the franchise model is building momentum.
DP Poland: Progressive
Sep 24, 2024Disclaimer & Declaration of Interest
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