Dino’s Year-End Results: First Half Performance
Here’s a breakdown of the key financial information from the provided text regarding Dino Polska, covering the first half of 2025 and the second quarter of 2025, with comparisons to 2024:
key Financial Results (First Half of 2025 vs. First Half of 2024):
Revenue: PLN 15.439 billion (up 19% year-over-year). Analysts expected PLN 8.716 billion.
EBITDA: PLN 1.18 billion (up 16.8% year-over-year). EBITDA margin was 7.4% (vs. 7.28% in H1 2024).
Net Profit: Almost PLN 709 million (up 10.2% year-over-year).
LFL Sales (Like-for-like): Increased by 4.8% (compared to 6.4% in H1 2024).
Key Financial Results (Second Quarter of 2025 vs. Second Quarter of 2024):
Revenue: Not explicitly stated, but implied to be a component of the H1 revenue.
EBITDA: PLN 650.5 million (up 24.9% year-over-year). EBITDA margin was 7.54% (vs. 7.19% in Q2 2024). Analysts expected PLN 685 million.
EBIT: PLN 527.7 million (vs. PLN 421.7 million in Q2 2024), 6.4% lower than analyst expectations of PLN 563.9 million.
Net Profit: PLN 397.6 million (up 14.2% year-over-year).
LFL sales: Increased by 8.8% (vs.1.8% in Q2 2024). The date of Easter (falling in Q2 2025 vs. Q1 2024) was a meaningful positive factor.
Other Vital Information:
Store Expansion: 89 new stores were opened in Q2 2025, and 147 in the first half of the year (vs.98 in the first half of 2024).
total Store Count: 2835 supermarkets as of June 30, 2025.
Fresh Products: Accounted for 40.9% of sales in Q2 and 41.4% in H1 2025.
Net Debt: PLN 544.6 million at the end of June 2025.
LFL Sales Outlook: Management expects a one-digit increase in LFL sales for 2025 (down from a previous high-digit expectation).