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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  DP Eurasia N.V.    DPEU   NL0012328801

DP EURASIA N.V.

(DPEU)
  Report
Delayed Quote. Delayed London Stock Exchange - 06/03 11:35:26 am
36.9 GBX   -1.60%
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DP Eurasia N : Pizza firm DP Eurasia says 'relatively small' coronavirus impact so far

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03/27/2020 | 05:09am EDT

DP Eurasia, which runs Domino's Pizza brand in Turkey and Russia, reported a rise in its 2019 core profit, but said it could not provide an outlook for this year given uncertainty about the impact of the coronavirus outbreak on its markets.

Last week, DP Eurasia had to shut its restaurants in both Russia and Turkey following authorities' orders aimed at containing the spread of the virus and as a result total sales fell by 10-15% over that period, company executives said.

However, delivery sales have not been affected, they said. DP Eurasia said it started contactless delivery last week and has not experienced any supply or transportation problems so far.

"In the year to date, the pandemic has had a relatively small impact on the business with the exception of a reduction in dine in business in our Turkish restaurants," the company said in a statement.

The Turkish government this week imposed restrictions on grocery store opening hours and numbers of shop customers and bus passengers while Russia closed restaurants and all entertainment venues in its capital Moscow and imposed some restrictions in the regions.

The biggest pizza delivery chain in Turkey and third-largest in Russia said on Friday its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), excluding the effect of the IFRS 16 accounting standards, climbed to 124.5 million Turkish lira (15.8 million pounds)

from 110.6 million lira.

The London-listed company reported adjusted net income, excluding IFRS 16 effects, of 3.2 million lira after an adjusted net loss of 7.1 million lira in 2018.

Commenting on its performance in Russia, where like-for-like sales dropped in 2019 due to intensifying competition, DP Eurasia said it resolved issues with regional franchisees by acquiring and converting their stores to corporate ones.

In the medium term, the company has been targeting low to mid-teens percentage like-for-like growth in Russia and 40 to 60 store openings per year.

In Turkey, the pizza firm has targeted opening of 25 to 30 stores per year, expecting franchise stores to be the main driver of the expansion.

(Reporting by Anna Rzhevkina in Gdansk; Editing by Tomasz Janowski)

Stocks mentioned in the article
ChangeLast1st jan.
DP EURASIA N.V. -1.60% 36.9 Delayed Quote.-28.44%
RISE, INC. 0.00% 23 End-of-day quote.-23.33%
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Latest news on DP EURASIA N.V.
09:36aDP EURASIA N : Results of 2020 Annual General Meeting
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More news
Financials
Sales 2020 960 M 142 M 142 M
Net income 2020 - - -
Net Debt 2020 206 M 30,5 M 30,5 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 458 M 68,3 M 67,9 M
EV / Sales 2019
EV / Sales 2020 0,69x
Nbr of Employees 3 576
Free-Float 61,5%
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Technical analysis trends DP EURASIA N.V.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 8,78 TRY
Last Close Price 3,15 TRY
Spread / Highest target 289%
Spread / Average Target 178%
Spread / Lowest Target 35,3%
Managers
NameTitle
Aslan Saranga Group Chief Executive Officer & Executive Director
Peter Wodehouse Williams Chairman
Aziz Babacan Director-Turkey Operations
Neval Korucu Alpagut Chief Financial Officer
Gökhan Süderbay Chief Technology Officer
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