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    DPEU   NL0012328801

DP EURASIA N.V.

(DPEU)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/24 11:35:09 am
76.7 GBX   -4.13%
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Pizza firm DP Eurasia ups growth forecasts on strong demand

09/07/2021 | 03:26am EST
FILE PHOTO: A staff member prepares pizzas at a Domino's Pizza restaurant in Moscow

(Reuters) - DP Eurasia, which runs the Domino's Pizza brand in Turkey and Russia, hiked its full-year guidance on Tuesday as it expects strong demand to continue.

"The strong like-for-like performance achieved in Turkey in the first half of the year and the expectation of continued buoyant trading enables raised guidance for full-year like-for-like growth rates in Turkey," it said in a statement.

It now expects like-for-like growth in Turkey, its biggest market, at 35-40% compared to 21-25% previously, while adjusted EBITDA (earnings before interest tax, depreciation and amortisation) is now likely to be slightly ahead of the market's current expectations.

The company's shares, which have risen 99% so far this year, jumped 6% to a two-year high.

Its first-half adjusted EBITDA rose 129.7% to 98 million Turkish lira ($11.83 million).

DP Eurasia said it saw unprecedented demand in Turkey, with like-for-like sales growing 65% in the first half.

"Our Turkish business continues to expand in record breaking fashion despite the challenging inflationary environment that we have been experiencing," DP Eurasia said.

Turkish inflation stood at 19.25% in August after a year-long rise.

The company's Russian business returned to profit in the first half with an adjusted EBITDA of 12.9 million Turkish lira compared with a loss of 3 million lira a year before.

DP Eurasia said the Russian business continues to show encouraging signs of improvement and added that both markets were operating without restrictions.

($1 = 8.2833 liras)

(Reporting by Anna Pruchnicka, editing by Louise Heavens)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DP EURASIA N.V. -4.13% 76.7 Delayed Quote.-11.23%
UNITED PARCEL SERVICE INC 1.08% 204.13 Delayed Quote.-4.76%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.08% 78.749 Delayed Quote.3.30%
US DOLLAR / TURKISH LIRA (USD/TRY) 0.11% 13.44699 Delayed Quote.0.77%
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Analyst Recommendations on DP EURASIA N.V.
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Financials
Sales 2021 1 341 M 99,6 M 99,6 M
Net income 2021 - - -
Net Debt 2021 426 M 31,6 M 31,6 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 2 023 M 150 M 150 M
EV / Sales 2021 1,83x
EV / Sales 2022 1,55x
Nbr of Employees 3 411
Free-Float -
Chart DP EURASIA N.V.
Duration : Period :
DP Eurasia N.V. Technical Analysis Chart | DPEU | NL0012328801 | MarketScreener
Technical analysis trends DP EURASIA N.V.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 13,91 TRY
Average target price 24,80 TRY
Spread / Average Target 78,2%
Managers and Directors
Aslan Saranga Group Chief Executive Officer & Executive Director
Neval Korucu Alpagut Chief Financial Officer
Peter Wodehouse Williams Chairman
Uluš Sahinalp Director-Turkey Information Technology
Aziz Babacan Director-Turkey Operations
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