Dino Polska has reported revenue growth of 15.1% year-on-year, to PLN 13.9 billion (€3.25 million), in the first half of its financial year.
Like-for-like sales in the period to June 2024 increased by 6.4%, driven by growth in purchase volumes and customer numbers, the Polish retailer noted.
Dino Polska generated 40.3% of its revenue from the sales of fresh products, especially fruit and vegetables, bread and fresh meat from the Agro-Rydzyna meat processing plant.
Michał Krauze, member of the management board at Dino Polska, stated, “Every day we focus on ensuring that the offering in Dino stores satisfies consumer needs in a convenient and comprehensive manner. At the same time, we pay a lot of attention to offering products at attractive prices.
“The outcome of these efforts is robust sales growth and a higher number of customer visits. This motivates us to continue the network’s rapid development.”
First-Half Highlights
The Polish retailer added 98 stores to its network in the first half, taking its total to around 2,504 outlets.
The company's headcount climbed to 45,300, it added.
Its total sales area increased 10.4%, to 987,400 square metres, compared to the end of June 2023.
Capital Expenditure
In the first half of 2024, Dino Polska spent PLN 696 million (€162.96 million) in capital expenditure to develop its store network and logistics base.
The company had installed photovoltaic systems across 91% of its store network as of the end of the first half of 2024.
The total capacity of the RES (renewable energy systems) installations owned by the Dino Group is 91.8 MW.
In the first half, the retailer sourced 45.1 GWh of solar power – over a third (+33.8%) more than in the corresponding period of 2023.
