Domino’s has acquired a stake in Domino’s Scandinavia for £24m. The operation is profitable and management is confident of the venture being successful as the business is reasonably well established with a management team in place. This contrasts with the German experience. The region appears to have significant potential given fragmented competition and a number of urban regions. The deal is expected to be earning enhancing from FY17. We use this note to update our forecasts post the FY15 final ....
08 Jun 2016
Scandinavia expansion next on menu
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Scandinavia expansion next on menu
Domino's Pizza Enterprises Limited (DMP:ASX) | 0 0 (-1.2%) | Mkt Cap: 3,722m
- Published:
08 Jun 2016 -
Author:
Sahill Shan -
Pages:
3
Domino’s has acquired a stake in Domino’s Scandinavia for £24m. The operation is profitable and management is confident of the venture being successful as the business is reasonably well established with a management team in place. This contrasts with the German experience. The region appears to have significant potential given fragmented competition and a number of urban regions. The deal is expected to be earning enhancing from FY17. We use this note to update our forecasts post the FY15 final ....