- Dino Polska has announced its financial results for H1 2024. Net sales revenues amounted to PLN 13,914,254,000 compared to PLN 12,092,972,000 in H1 2023.
- Dino Polska's net profit amounted to PLN 643,351,000 (PLN 632,847,000 in H1 2023). Operating profit amounted to PLN 819,255,000.
Dino is a Polish chain of medium-sized food supermarkets. The company is one of the fastest growing food retail chains in Poland in terms of number of stores and sales revenue.
As of June 30, 2024, the Dino chain consisted of 2,504 stores with a total sales area of 987,398 sq m.
Dino Polska results for H1 2024
In the first half of 2024, the Dino Group's revenue amounted to PLN 13,914.3 million and was PLN 1,821.3 million, or 15.1% higher than in the first half of 2023. At the same time, the cost of sales increased by 15.5% to PLN 10,734.2 million.
zloty.
In the second quarter of 2024 alone, the Dino Group's revenues amounted to PLN 7,243.0 million and were PLN 694.3 million, or 10.6%, higher than in Q2 2023. At the same time, the cost of sales increased by 10.1% to PLN 5,602.5 million.
In the first half of the year, the EBITDA result of the Polish retail chain decreased year-on-year by 1.6% to PLN 1.013 billion. The EBITDA margin amounted to 7.28%, while in the same period a year earlier it amounted to 8.51%.
In the second quarter of this year alone, the EBITDA result amounted to PLN 520.6 million (a drop of as much as 8.9 percent compared to the second quarter of the previous year), and the EBITDA margin was 7.19 percent.
"The decline in the EBITDA margin was due to the higher growth rate of sales and marketing costs than sales revenues. The high growth rate of sales and marketing costs was primarily influenced by a significant increase in staff costs," explains Dino.
Fresh products, including meat, cold cuts and poultry, accounted for 39.5% of sales in Dino stores in Q2 2024 and 40.3% in H1 2024.
98 new Dino stores. This is how the pace of openings is falling
In Q2 2024, 66 new Dino stores were launched. In H1 2024, a total of 98 new stores were opened, compared to 116 in the same period last year. As of June 30, 2024, the Dino chain had 2,504 stores, 232 more than a year ago.
Dino Poland
