Close
RNS Number : 4262E
DP Eurasia N.V
11 March 2022
 

For Immediate Release

11 March 2022

 

DP Eurasia N.V.

("DP Eurasia", the "Company" or the "Group")

Update on Russian Operations

DP Eurasia (DPEU.L), the master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia, today provides a further update on its Russian operations.

The safety and welfare of all of the Group's employees and customers remains its primary priority and DP Eurasia is shocked and saddened by the conflict and the effect it has had on all of the innocent civilians across the region.  As stated in the Group's market update on 4 March 2022, at this stage there has been no material disruption to the Group's operations from the ongoing situation. Trading from its 188 stores in Russia continues and the Group remains dedicated to the communities it serves.

The Board has however determined it prudent to limit any further investment into its operations, and will keep this under review going forward in light of the geopolitical situation. Furthermore, the Group today announces that royalty payments from its Russian operations have been suspended until further notice.

The Group will continue to monitor and review the rapidly developing geopolitical situation and will make a further update in its Preliminary Results for the year ended 31 December 2021 which are to be published on Tuesday 5 April 2022.

 

Enquiries

DP Eurasia N.V.


Selim Kender, Chief Strategy Officer & Head of Investor Relations

+90 212 280 9636



Buchanan (Financial Communications)      


Richard Oldworth / Tilly Abraham / Verity Parker

+44 20 7466 5000

dp@buchanan.uk.com



 

Notes to Editors

 

DP Eurasia N.V. is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia. The Company was admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc on 3 July 2017. The Company (together with its subsidiaries, the "Group") is the largest pizza delivery company in Turkey and the third largest in Russia. The Group offers pizza delivery and takeaway/ eat-in facilities at its 809 stores (607 in Turkey, 188 in Russia, ten in Azerbaijan and four in Georgia as at 31 December 2021), and operates through its owned corporate stores (24%) and franchised stores (76%). The Group maintains a strategic balance between corporate and franchised stores, establishing networks of corporate stores in its most densely populated areas to provide a development platform upon which to promote best practice and maximise profitability. The Group has adapted the Domino's Pizza globally proven business model to its local markets.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDBKKBBDBKBPND