StockMarketWire.com - DP Poland expressed cautioned Wednesday ahead of its full-year results, citing softening like-for-like sales growth and rising competition.

'Despite the sales pressure, company (earnings) EBITDA for 2018 is expected to be broadly in line with expectations, but we approach the year ahead with caution and believe that sales and EBITDA performance for 2019 will continue to be impacted by competition for share of voice,' the company said.

The company said softening like-for-like sales growth continued into the fourth quarter blaming a combination of warm and dry weather continuing into November and sustained advertising spend.

The benefits of investment in top-line sales support in fourth-quarter 2017 was not replicated in fourth quarter of 2018, as 'we focused more on balancing sales growth with enhanced store profitability,' the company said.

The company intended to release a full year trading update on 29 January 2019.




At 10:07am: [LON:DPP] DP Poland share price was -6.5p at 17p



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