NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN,
INTOOR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
FOR IMMEDIATE RELEASE
16 February 2024
DP
Eurasia N.V.
("DP Eurasia"
or the "Company")
Update on FY2023
performance
Jubilant FoodWorks Limited
("Jubilant") has today shared a presentation with the National
Stock Exchange of India (the "NSE") and the Bombay Stock Exchange
(the "BSE") on which it is dual listed (the
"Presentation").
DP Eurasia announces the following
information included within the Presentation:
1. The Company's
store count as at 31 December 2023:
a. Domino's
Turkey: 690
b. Domino's
Azerbaijan: 10
c. Domino's
Georgia: 7
d. COFFY:
89
2. COFFY (DP
Eurasia's homegrown brand), is profitable, operates in a market
with high frequency of coffee consumption and is on the path to
become one of the top five coffee brands in Turkey by the end of CY
2024
3. The Company's
net debt, post IFRS-16, as at 31 December 2023: 466 TRY
million
4. System Sales in
TRY mn:
a. Pre-IAS-29:
6,136 (growth of 102.0% versus 31 December 2022)
b. Pre-IAS 29 LFL:
95.9%
c.
Post-IAS-29: 7,583 (growth of 31.0% versus 31 December
2022)
d. Post-IAS-29
LFL: 27.1%
5. Pro Forma
financial metrics for the year ended 31 December 2023:
a. Revenue: Rs
17,509 mn
b. PAT from
Continuing Operations: Rs 1,663 mn
Note: The Company has used a TRY/INR exchange rate of 3.642.
This is computed based on the monthly average TRY/INR exchange rate
for the year ending 31 December 2023.
Enquiries
DP
Eurasia N.V.
|
|
Neval Korucu - Chief Financial
Officer
|
+90 212 280 9636
|
|
|
Buchanan (Financial
Communications)
|
|
Richard Oldworth / Toto Berger /
Verity Parker
|
+44 20 7466 5000
dp@buchanan.uk.com
|
|
|
Important Notices
This announcement is for information
purposes only and is not intended to and does not constitute, or
form part of, an offer, invitation or the solicitation of an offer
to purchase, otherwise acquire, subscribe for, sell or otherwise
dispose of any securities, or the solicitation of any vote or
approval in any jurisdiction, nor shall there be any sale,
issuance or transfer of securities of DP Eurasia in any
jurisdiction in contravention of applicable law.
This announcement contains certain
statements which are, or may be deemed to be, "forward-looking
statements" which are prospective in nature. The words "believe",
"anticipate", "expect", "intend", "aim", "plan", "predict",
"continue", "assume", "positioned", "may", "will", "should",
"shall", "risk" and other similar expressions that are predictions
of or indicate future events and future trends identify
forward-looking statements. These forward-looking statements
include all matters that are not current or historical facts. By
their nature, forward-looking statements involve risks and
uncertainties because such statements relate to events and depend
on circumstances that may or may not occur in the future.
Forward-looking statements are not indicative of future performance
and DP Eurasia's actual results of operations, financial condition
and liquidity, and the development of the industry in which DP
Eurasia sources operates, may differ materially from those made in
or suggested by the forward-looking statements contained in this
announcement. The cautionary statements set out above should be
considered in connection with any subsequent written or oral
forward-looking statements that DP Eurasia, or persons acting on
the behalf of DP Eurasia, may issue.
Nothing in this announcement is
intended or shall be deemed to be a forecast, projection or
estimate of the future financial performance of DP Eurasia and no
statement in this announcement should be interpreted to mean that
earnings or earnings per share of DP Eurasia (where relevant) for
the current or future financial years would necessarily match or
exceed the historical published earnings or earnings per share for
DP Eurasia.
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 707 stores (690 in Turkey, 10 in
Azerbaijan and 7 in Georgia) as of 31 December 2023 and operates
through its owned corporate stores (11,3%) and franchised stores
(88,7%). In addition to its pizza delivery business, the Group also
has its own coffee brand, COFFY, which trades from 89 stores at
year-end, 66 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.