DP Poland – Q3 trading update, how “well positioned” really to create durable value for shareholders?

With the exclusive right for Domino’s Pizza stores in Poland and Croatia, DP Poland (DPP) has issued a “Q3 2026 Trading Update” including “Poland total system sales increased by 10.4% in Q3 2026 and by 14.4% YTD September 2026… Croatia delivered total system sales growth of 35.3% in Q3 and 34.7% YTD” and that, “with tight control of liquidity, a larger franchised estate and further operational improvements, we believe the group is well positioned to create durable value for shareholders”. So what about a current further lower share price response to 6p?

DP Poland – having last week emphasised “operational benefits… beginning to flow through the business”, now announces CEO is to “step down” next week!

With the exclusive Domino’s Pizza rights in Poland and Croatia and arguing “a strong first half, with double-digit system sales and order growth across both Poland and Croatia”, DP Poland (DPP) CEO Nils Gornall was last week emphasising “now focused on accelerating the pace of future conversions. The operational benefits of our commissary consolidation, completed in Q1 2026, are beginning to flow through the business”. What then about now a further announcement;“CEO Succession”?

DP Poland (#DPP) – CEO Nils Gornall “to step down” and appointment of Łukasz Ostrowski as CEO

DP Poland (#DPP) – 2025 increased loss “primarily reflecting increased impairment charges, higher depreciation and amortisation… and non-recurring acquisition and conversion costs”

DP Poland (#DPP) – 2024 another, albeit reduced, loss, notes “accelerated our shift to a franchisee-led model”

DP Poland (#DPP) – Q3 update only emphasising sales growth, states “expects to be in line with market expectations for 2024”

DP Poland: a recovery buy at 10.75p?

Historically DP Poland (DPP) has struggled with continual losses and its share price history reflects that and numerous fund raises. This website has been consistently bearish. However, there are interims and a trading statement out today…

DP Poland (#DPP) – Q2 “growth accelerated”, “confident in meeting market expectations for 2024”

DP Poland (#DPP) – 2023 another loss, emphasises growth roll-out

DP Poland (#DPP) – Q1 Poland LFL system sales +17.9% YoY, also to continue Croatia expansion

DP Poland (#DPP) – “trading update” emphasises sales growth, though cash down to £2.4m

DP Poland – “delighted to announce record sales”, but what about inflation and the cash burn?

Previously writing on company with the exclusive rights for Domino's Pizza in Poland and Croatia DP Poland (DPP), last year with the shares just above 6p I concluded new management look to offer hope but the current financials still don’t look good. What’s the situation now, with a trading update for the first half of 2023?

DP Poland (#DPP) – H1 update, argues expects performance to continue improving as some inflationary pressures now abating

DP Poland (#DPP) – H1 increased loss, notes recent accelerated sales but inflationary pressures

DP Poland – emphasises “strong sales performance”, but what about the bottom-line?

DP Poland (DPP), with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, states it is “delighted to see the strong sales performance achieved in the first half of 2022 continuing” and is “confident we will emulate the success of the brand in other markets”. But what’s the detail?

DP Poland (#DPP) – June LFL system sales +23.5% YoY, cash down to £0.8m

DP Poland – another loss... so another acquisition. Do new management provide hope?...

Previously writing on company with the exclusive right to Domino's Pizza in Poland DP Poland (DPP), in April with the shares down to 7.75p I concluded ‘I also previously questioned and what about borrowings?! As well as wondering why the 2021 results are not expected until “on or around 7 June”? That is now “early in the second half of June” and all of the above, from a still more than £48 million market cap, means my stance currently remains avoid / sell’. It has now announced the results and more...

DP Poland (#DPP) – agreement to acquire Domino's Croatia and proposed new CEO and director appointments

DP Poland (#DPP) – reports 2021 loss, current year LFL system sales +25% but bottom-line?

DP Poland – argues sales ‘delight’, but what about the bottom-line?...

DP Poland (DPP) has stated in a trading update that it is “delighted to see the strong sales performance in Q1 2022, with LFL System Sales up 21% over 2021, benefitting from a strong management focus towards increased order volumes in our stores. At the end of March 2022, Poland lifted the majority of COVID-19 restrictions and we have seen a further acceleration in sales growth, with LFL System Sales up 29% in March”. So what of a current share price response slightly lower to 7.75p?...