DPP has reported satisfactory interim results given the Covid challenges which continued to impact over Q3, and the fact that synergies have not yet fully come through. However, as normalisation returns and operational synergies start to flow through, it is pleasing to see trading has rebounded strongly with double-digit LFL sales in October. This news is slightly tempered by a soft Q3 and sector wide headwinds (similar to the UK) prompting a lowering of our 3 year forecasts, meaning positive EB ....
25 Oct 2021
LFL momentum building; sector headwinds to navigate
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LFL momentum building; sector headwinds to navigate
DP Poland PLC (DPP:LON) | 10.5 0 (-2.8%) | Mkt Cap: 96.5m
- Published:
25 Oct 2021 -
Author:
Sahill Shan -
Pages:
4
DPP has reported satisfactory interim results given the Covid challenges which continued to impact over Q3, and the fact that synergies have not yet fully come through. However, as normalisation returns and operational synergies start to flow through, it is pleasing to see trading has rebounded strongly with double-digit LFL sales in October. This news is slightly tempered by a soft Q3 and sector wide headwinds (similar to the UK) prompting a lowering of our 3 year forecasts, meaning positive EB ....