DOMINOS EUROPE BRINGS BIGGER SLICE

A HEAVY push into the European market has helped Domino’s Pizza Enterprises Limited (DMP) record 16 per cent profit growth for FY10 to $17.8 million.

Same store sales grew at 2.8 per cent, but 41 new European stores and 13 stores in Australia and New Zealand contributed to NPAT result.

CEO Don Meij (pictured) says the results reflect strong network sales growth and EBITDA, while Domino’s continues its focus on online ordering.

“Our solid performance for the 2010 full year is the result of strong network sales growth up
5.6 per cent in Australia and New Zealand while Europe experienced solid growth up 14.3 per cent on the corresponding period last year,” he says.

“In Australia and New Zealand we recorded strong same store sales (SSS) of more than 3.23 per cent, a good result given we were rolling over a strong year in 2009 following the new menu launch.

“In Australia our continued focus on the online side of our business also contributed to these
results. Our online ordering, which includes orders placed through our highly-successful
iPhone app, is advancing and we are seeing great growth.”

Meij plans to grow the number of stores from 823 to 1000 over the next decade, with expectations to deliver NPAT growth between 10 and 15 per cent in FY11.