2025-05-15 18:58, act 201.2025-05-15 19:25
publication
2025-05-15 18:58
update
2025-05-15 19:25
In the first quarter of 2025, the net of the dominant unit of the Dino Polska group amounted to PLN 311.2 million against PLN 295.2 million a year earlier – the company said in a quarterly report. The PAP Business consensus assumed PLN 292.3 million net profit.
EBIT amounted to PLN 414.1 million against PLN 397.5 million a year ago and was 7.1 percent. higher than the expectations of analysts at the level of PLN 386.5 million.
The group's EBITDA result was PLN 532.3 million, which means an increase of 8.2 percent. rdr. PAP Biznes consensus assumed PLN 499.8 million EBITDA.
The group's revenues amounted to PLN 7,354.3 million, which means an increase of 10.2 percent. rdr. Analysts expected revenues of PLN 7.449 billion.
The EBITDA margin was 7.24 percent, while a year earlier it was 7.38 percent.
The increase in LFL sales was 0.5 percent against 11.9 percent in the first quarter of 2024.
According to the company, the weaker LFL dynamics was influenced by the shift of Easter from the first quarter of 2024 to the second quarter of 2025 (which should have a positive effect on the dynamics of LFL sales in the second quarter of this year), and two commercial days less in Q1 2025 compared to the first quarter of 2024.
The company said in the report that fresh products, including meat, sausages and poultry, were responsible for 42 percent. the sale of the group in the first KW.
The own sales cost increased by 8.5 percent. RDR, up to PLN 5,567 million. Sales and marketing costs increased by 20.9 percent to PLN 1,318.4 million. The costs of general management increased by PLN 5.9 million to PLN 57.6 million.
The net debt of the Dino group amounted to PLN 735.6 million at the end of March 2025, which means an increase of PLN 539.8 million compared to December 31, 2024.
The net debt indicator for the EBITDA result in the last 12 months was 0.31x at the end of March 2025. As at March 31, 2024, this indicator was 0.39x.
The group generated net cash in operating activities in the amount of PLN 6.7 million in the first quarter, i.e. 98.5 percent. less yaws.
Dino Polska has launched 58 new stores in the quarter of 2025. At the end of March 2025, the Dino network covered 2,746 supermarkets with a total area of the sales room of PLN 1,084.5 thousand. sq m (+12.9 percent yaws). A year earlier, in the first sq. Dino Polska launched 32 stores.
Investment outlays for the company's development amounted to PLN 516 million in the first quarter and were 56 percent. higher than last year.
The company's management board expects that in 2025 the number of openings of new stores will increase by a dozen or so percent, and the total investment outlays will be PLN 1.7-1.8 billion (which, in addition to the development of the chain of stores, will consist of expenditure on logistics facilities and to increase Agro-Rydzyna's production capacity).
| Below are the results of Dino Polska in the first quarter of 2025 and their reference to the PAP Consensus Biznes and to previous results. Data in PLN million | |||||
|---|---|---|---|---|---|
| 1q2025 | results | cons. | difference | y/y | Q/Q |
| Income | 7354.3 | 7449.3 | -1.3% | 10.2% | -5.1% |
| EBitda | 532.3 | 499.8 | 6.5% | 8.2% | -15.7% |
| EBIT | 414.1 | 386.5 | 7.1% | 4.2% | -20.6% |
| JD net profit | 311,2 | 292.3 | 6.5% | 5.4% | -26.5% |
| EBITDA margin | 7.2% | 6.7% | 0.53 | -0,14 | -0.91 |
| EBIT margin | 5.6% | 5.2% | 0.44 | -0.33 | -1.09 |
| net margin | 4.2% | 3.9% | 0.31 | -0.19 | -1,23 |
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