Acquisition Helps Deliver Outstanding Full Year Results
Media Announcement – ASX
Domino’s Pizza Enterprises Limited (DMP) FY14 Results Summary
Domino’s Pizza Enterprises Limited (DMP) today announced an Underlying[1] Net Profit After Tax of $45.8m, an increase of 50.4% on the previous year, with the Company’s expansion in Japan proving profitable.
In the first full year results reported since the 75% shareholding acquisition in Domino’s Pizza Japan (DPJ), DMP has reported an impressive Underlying EBITDA of $95.1m, a 70.0% increase from the corresponding period last year, of which Japan has contributed an Underlying EBITDA of $27.4m.
Strong trading results in ANZ, structural changes gaining momentum in Europe, as well as Japan’s store relocation strategy and TV advertising have also contributed to the impressive results.
The Group achieved Same Store Sales (SSS) growth of 5.8% which included strong SSS in ANZ 6.3%, significantly improved SSS in H214 in Europe 4.6% despite a VAT increase, and impressive SSS in Japan for the period under DPE ownership 10.7%.
DMP will pay shareholders a final fully-franked dividend of 19.0 cents per share, in addition to the interim dividend of 17.7 cents per share. This brings the full year dividend to 36.7 cents per share, an 18.8% increase over the prior year
DMP has added a record number of new stores across the Group including 44 new stores in ANZ, 27 to the European network and 61 new stores added in the full financial year for Japan.
The Company confirms EBITDA Guidance for the Group in the region of 20% and will add approximately 175-185 new stores to the network.
DMP trading update for the first five weeks of FY15 includes impressive double digit SSS growth of 14.8% in Europe compared to the SSS -5.0% at the same time last year. SSS in ANZ is also solid with 10.3% compared to 4.7% at the corresponding time last year. Japan recorded a 6.9% SSS in the first six weeks of FY15. The Company has also opened 14 new stores in the Group in the six week period.
Dominos_FY14_Results_Announcement_New_Zealand.pdf