Edison Investment Research - Consumer Support Services - DP Eurasia : DP Eurasia’s (DPEU’s) H118 trading statement highlighted the company’s progress in tapping the under-penetrated Russian and Turkish pizza markets. Online sales continue to grow as a proportion of system sales following app upgrades in 2017. High barriers to entry in the Russian market, coupled with challenging weather and traffic, have restricted geographic diversity. However, with 4.3x more stores in Turkey than the number two competitor, we believe the maturing base and the company’s expansion plans support market forecasts for strong annual EBITDA growth of 24% over the next three years.
ISIN: NL0012328801
Original Article: DP Eurasia (DPEU) - Domino’s in Russia and Turkey