DINO POLSKA. More stores, stronger growth, and a steady cost strategy. (Q3-24)

- Dino Polska plans to open more stores in 2025 than in 2024, but the growth will be gradual.

- 69 new stores were opened in Q3 2024, with 167 stores added in total this year.

- Revenue for Q3 2024 was 7,6 BPLN, up 10,6% from last year. Year-to-date revenue reached 21,5 billion PLN, a 13,5% increase.

- Cost of goods sold grew by 10% in Q3 2024. The company aims for costs to rise in line with revenue in 2025.

- EBITDA margin dropped from 9,4% in Q3 2023 to 8,9% in 2024.

- Consumers are in good financial shape but are making more cautious purchases. Dino Polska is focusing on competitive prices to attract customers.

- The company reports a stable supply chain and is focused on improving profit margins.

- As of 30Sep2024, DNP.WA operates 2,572 stores, mostly in western Poland. The company is securing locations for further expansion.

- Dino expects slower sales growth in Q4 2024 due to deflation in product prices, with LfL sales growth expected in the low single digits.