Interims show DPP has executed strongly in H1 (LFL sales +24%) and managed a tricky inflationary environment. The new CEO is already having a positive influence with LFL’s accelerating over July/Aug to >30% led by >15% volume growth. The upcoming FIFA World Cup is expected to be an added stimulus. Like many Leisure stocks, we temper FY22/FY23 EBITDA by £1.3m/£0.4m to reflect cost headwinds but also a conscious management decision to prioritise sales/market share growth. This should not detract f ....
28 Sep 2022
Accelerating LFL’s – get a pizza of the action
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Accelerating LFL’s – get a pizza of the action
DP Poland PLC (DPP:LON) | 10.5 0 0.0% | Mkt Cap: 74.8m
- Published:
28 Sep 2022 -
Author:
Sahill Shan -
Pages:
4
Interims show DPP has executed strongly in H1 (LFL sales +24%) and managed a tricky inflationary environment. The new CEO is already having a positive influence with LFL’s accelerating over July/Aug to >30% led by >15% volume growth. The upcoming FIFA World Cup is expected to be an added stimulus. Like many Leisure stocks, we temper FY22/FY23 EBITDA by £1.3m/£0.4m to reflect cost headwinds but also a conscious management decision to prioritise sales/market share growth. This should not detract f ....