Polish retailer Dino Polska has reported 12.6% topline sales growth on a like-for-like basis in its financial year 2020.
The company's total revenue increased by 32.4% to more than PLN 10 billion (€2.16 billion), driven by its geographic expansion.
In 2020, the retailer completed a number of investments to launch 278 Dino stores across the country, of which 255 opened in 2020 and 23 in early 2021.
This investment amounted to PLN 1 billion (€220 million) and created more than 5,000 new jobs for the retailer.
Store Network
At the end of 2020, Dino Polska's store network comprised 1,500 stores, exceeding the target set by the retailer when it took the company public on the Warsaw Stock Exchange four years ago by more than 20%.
Izabela Biadała, member of the management board of Dino Polska S.A., said, "The convenience and quickness of shopping we offer in Dino stores mean that customers are more readily choosing our network to do their shopping.
"We expend a lot of effort to offer our customers a full range of the highest quality fresh products and an extensive array of other food products and staples. In 2020 we adapted to the changing environment quickly and efficiently."
Sustainability Plans
The retailer also divulged information regarding its sustainability plans.
Over 400 Dino stores are currently powered by solar energy, and it plans to install PV panels on the rooftops of another 400 stores and three distribution centres.
The group also plans to reduce harmful emissions from its operations by the equivalent of approximately 24,000 tonnes of CO2 by 2022.
Outlook
Michał Krauze, member of the management board of Dino Polska S.A., said, "Our growing business size forms a solid foundation to continue making our offer more attractive and augment the accessibility of Dino stores in various regions around the country. In 2021 we will continue to pursue this growth strategy."
He added that the retailer plans to maintain its current pace of growth and announced capital expenditures of roughly PLN1.2 billion (€260 million).
"In parallel, we are resolute in our efforts to gain more trust from consumers whereby I believe that once again we will be able to deliver above-average topline growth measured on a like-for-like basis," Krauze added.
© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Conor Farrelly. Click subscribe to sign up to ESM: The European Supermarket Magazine.
