25 May 2012

Polish pizza gains ground

15/06/2011 Ben Jaglom

DP Poland (DPP), the franchisee for Domino's Pizza in Poland, has announced the opening of its second store in the country.

The AIM-quoted company, which joined the junior market last year in a float worth £6.5 million, opened the store in central Warsaw, noting that it was on a street called AL. Jana Pawla II, which the company described as a 'densely populated delivery area'.

DP CEO Peter Shaw – the former marketing director of coffeeheaven – enthused that the 'store rollout programme is gathering pace', adding that the third store is 'nearly complete', with 'construction about to commence on the fourth'. The company's first Polish Domino's outlet opened in February and Shaw remarked that it is 'starting to build our reputation for great delivery pizza'.

Growth Company Investor
recommended shares in the company following the float at 50p, and after the opening of its first store this February we again recommended DP at 75.5p. The shares currently trade at 85p, having gained 2p this morning. The company has strong potential for further growth as, unlike most of Western Europe and the Americas, Poland has little to no Italian community and very limited experience of pizza delivery services. We think the shares could have further to go and therefore reiterate our speculative buy rating.

Tags: Domino's Pizza, DP Poland, Head of Site Development, INFAM Business School, Peter Shaw, Polish pizza

Sector: Travel & Leisure

Companies: DP Poland

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