Milton Keynes / UK. (dp) Domino´s Pizza Group PLC, a leading pizza delivery company with stores in the United Kingdom, Republic of Ireland, Germany and Switzerland, announces its results for the 52 weeks ended 28 December 2014.
Financial Highlights
- System sales increased by 14.6 percent to 766.6 million GBP (2013: 668.8 million GBP)
- Underlying profit before tax, of 54.8 million GBP, up 15.1 percent (2013: 47.6 million GBP)
- Like-for-like sales growth of 11.3 percent in 724 UK mature stores (2013: 7.0 percent in 670 mature stores)
- Underlying profit before tax for UK + ROI increased by 14.3 percent to 63.1 million GBP (2013: 55.2 million GBP)
- Underlying earnings per share:
- Diluted earnings per share up 10.5 percent to 26.4 GBPence (2013: 23.9 GBPence)
- Basic earnings per share up 10.8 percent to 26.6 GBPence (2013: 24.0 GBPence)
- Statutory operating profit up at 54.0 million GBP (2013: 20.4 million GBP)
- Statutory basic earnings per share up at 25.9 GBPence (2013: 10.7 GBPence)
- Final dividend increased by 10.1 percent to 9.69 GBPence per share (2013: 8.80 GBPence) bringing the total dividend for the year to 17.50 GBPence per share up 10.1 percent (2013: 15. GBPence)
- 44 new stores opened in the period (2013: 57 stores) with eight closures (2013: four) resulting in a total of 894 stores in four countries as at 28 December 2014
- UK + ROI online system sales increased by 30.2 percent to 440.0 million GBP (2013: 338.0 million GBP) with online sales accounting for 69.4 percent of UK + ROI delivered sales (2013: 61.5 percent). Of this, 44.2 percent of online orders were taken through a mobile device (2013: 30.9 percent)
- Strong balance sheet with an adjusted net cash position of 11.0 million GBP (2013: adjusted net debt of 13.6 million GBP)
Current Trading
Like-for-like sales in the first eight weeks of 2015 are as follows: UK (in GBP) 9.5 percent, ROI (in EUR) 4.8 percent, Germany (in EUR) 0.1 percent, Switzerland (in CHF) 7.7 percent.
Commenting on the results, Chief Executive Officer David Wild said: «It has been another strong year for Domino´s, particularly in our core UK market, confirming the strength of our customer offer. Both UK like-for-like sales and new store performance were excellent and this has largely been driven by our sector-leading e-commerce initiatives. Our renewed focus on franchisee profitability has also provided an impetus to continued growth. Outside the UK, we are pleased with progress in Ireland and Switzerland, both of which showed improvement. In Germany, there remains much work to do, but underlying losses have reduced, in the second half and we remain optimistic about the opportunity in this market. These results are a tribute to the entire Domino´s team, including the franchisees and their colleagues, who work in the stores and served our customers with more than 75 million pizzas during 2014. I would like to thank them for their amazing efforts. We look forward with continued optimism. We have a great brand and a strong plan; the year has started promisingly, but there are tough comparators to beat, so we will not get complacent and will continue to ensure Domino´s remains the Number One pizza brand in the UK».
