UK's DP Poland H1 revenue rises as profit returns on network expansion
UK's DP Poland H1 revenue rises as profit returns on network expansion
Overview
UK pizza chain operator's H1 2026 revenue grew 7.1% yr/yr, system sales up 20.6%
Company returned to profit in H1, posting £66,000 versus a loss in H1 2025
Revenue growth lagged system sales due to transition to franchise-led model
Outlook
Company expects to trade in line with market expectations for the full year
DP Poland focused on advancing franchise-led model and accelerating Pizzeria 105 conversions
Margin improvement expected from further corporate-store disposals and supply-chain efficiencies
Result Drivers
NETWORK EXPANSION - Co said system sales growth was driven by expansion of store network and positive like-for-like sales in Poland and Croatia
FRANCHISE TRANSITION - Transition to franchise-led model resulted in lower revenue growth relative to system sales, but improved margins
PIZZERIA 105 CONVERSIONS - Converted stores delivered sales growth, though conversion pace was slower than expected
Company press release: ID:nRSO7194Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Group system sales |
| GBP 34.76 mln |
|
H1 Net Income |
| GBP 66,000 |
|
H1 Basic EPS |
| 0.01p |
|
H1 Trading EBITDA |
| GBP 2.79 mln |
|
H1 EBITDA Margin |
| 10.30% |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the restaurants & bars peer group is "buy."
Wall Street's median 12-month price target for DP Poland PLC is GBp14.00, about 115.4% above its September 14 closing price of GBp6.50
The stock recently traded at 145 times the next 12-month earnings vs. a P/E of 179 three months ago
Reuters Recommended Reads
Sept 14 - Essar buys UK petrol station operator SGN Retail, adds 118 sites
Sept 14 - UK government hosts meeting with business leaders to discuss growth
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)