REG - DP Eurasia N.V - Notice of Trading Update

DP Eurasia NVAnnouncement

30/10/2023 07:15

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RNS Number : 5934R  DP Eurasia N.V  30 October 2023

    30 October 2023

 

DP Eurasia N.V.

("DP Eurasia" or the "Company")

Notice of Trading Update

DP Eurasia (DPEU.L), the master franchisee of the Domino's Pizza brand in
Turkey, Azerbaijan and Georgia, will announce an update on trading for the ten
months ended 31 October 2023 on Tuesday, 28 November 2023.

 

A conference call for investors and analysts will be held at 9.00am on the
morning of the announcement, which will be accessible using the following
details:

 

 Conference call dial-in  UK-Wide: +44 (0) 33 0551 0200

                          UK Toll Free: 0808 109 0700

 Password:                Quote 'DP Eurasia Trading Update'

For additional details, please contact Buchanan on +44 20 7466 5000 /
dp@buchanan.uk.com (mailto:dp@buchanan.uk.com) .

 

Enquiries

 DP Eurasia N.V.
 İlknur Kocaer, CFA - Investor Relations Director   +90 212 280 9636

 Buchanan (Financial Communications)
 Richard Oldworth / Toto Berger/ Verity Parker      +44 20 7466 5000

                                                    dp@buchanan.uk.com (mailto:dp@buchanan.uk.com)

 

Notes to Editors

DP Eurasia N.V. is the exclusive master franchisee of the Domino's Pizza brand
in Turkey, Azerbaijan, and Georgia. The Company was admitted to the premium
listing segment of the Official List of the Financial Conduct Authority and to
trading on the main market for listed securities of the London Stock Exchange
plc on 3 July 2017. The Company (together with its subsidiaries, the "Group")
is the largest pizza delivery company in Turkey. The Group offers pizza
delivery and takeaway/ eat-in facilities at its 691 stores (675 in Turkey, 10
in Azerbaijan and 6 in Georgia) as of 30 June 2023 and operates through its
owned corporate stores (12%) and franchised stores (88%). In addition to its
pizza delivery business, the Group also has its own coffee brand, COFFY, which
trades from 51 stores at period-end, 38 of which are franchised. The Group
maintains a strategic balance between corporate and franchised stores,
establishing networks of corporate stores in its most densely populated areas
to provide a development platform upon which to promote best practice and
maximise profitability.

 

In line with the announcement on 21 August 2023, the Company has initiated the
steps to file for DP Russia's bankruptcy. This was preceded by the
announcement on 28 December 2022, which confirmed that the Company was
evaluating its presence in Russia, the impact of sanctions and its continuing
ability to serve its customers in Russia. In this connection, the Russian
segment was classified as discontinued operations within the Company's audited
financial statements for the year ended 31 December 2022 and also within the
(unaudited) financial statements for the period ended 30 June 2023.

 

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