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Dino Polska in 2017

The Dino Group's Result

The Dino Group’s consolidated sales revenues in 2017 totaled PLN 4,515.9 million, up 34 pct from last year. The rapid revenue growth was driven by network roll-out to open new stores and sales growth in the existing store network (LfL), which in 2017 was 16.2 pct compared to 11.3 pct in the corresponding period of last year. 

EBITDA in 2017 climbed 39 pct to PLN 401.4 million. In turn, the Group’s net profit was PLN 213.6 million, signifying 41 pct growth year on year. 

At the end of December 2017, the Dino network numbered 775 stores, 147 more than in the corresponding period of last year. At the same time, Dino Polska has secured 495 sites to build new stores, i.e. 46 pct more than last year. 57 stores in total were opened in Q4 2017. 

In 2017, the Group’s capital expenditures totaled PLN 457 million. The Group estimates its Capex in 2018 will be PLN 650 million. Dino will allocate these funds mainly to store rollout, expansion of its logistics infrastructure and the Agro-Rydzyna meat processing plant. 

In 2017, the Group continued the ongoing rapid growth in the size of its business. The 34 pct growth rate posted in revenues (up PLN 1,146.4 million) year on year is primarily the effect of opening new stores in the Dino network (the network opened 147 stores in 2017) and the growth in sales revenues in existing stores (like for like, LfL) of 16.2 pct yoy. 

In conjunction with its growing business size, the Group has posted robust profitability that is steadily climbing. Its EBITDA margin has edged up to 8.9 pct (+0.3 p.p. yoy).

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