DPP has announced FY19 interim results in line with the trading update given in July. Growth has been restored following tricky comparisons with January/February last year. System sales, like-for-like, were positive in the first three months of 2H, and performance was in line with management expectations. Four new stores have opened, with two more in the pipeline, and three corporate stores have been sold to sub-franchisees. The partnership with the aggregator Pyzszne is said to be positive. The company’s stated growth focus is on splitting territories and finding more sub-franchisees. A new General Manager has been appointed. We are putting through no changes to our forecasts.
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