News Article Dino investment Poland retail
by Property Forum | Retail

In H1 2021 Dino Polska, a grocery store network continued its geographic expansion. Its store count climbed by 150 in this period to 1,622. That means that save for Sundays a new Dino store was opened in Poland every single day. At the same time, Dino Polska created 2.4 thousand new jobs and at the end of June it had more than 28.2 thousand employees.

Opening 150 new Dino stores in H1 2021 reflects substantial acceleration in its network rollout in comparison with the corresponding period of 2020 when 84 new Dino stores were opened. In turn, in the last 12 months the network has expanded by 320 stores, or almost 25%.

“We are well-poised to maintain a high pace of geographic expansion in subsequent quarters. The positive response we observe among consumers to newly-opened Dino stores is a source of great satisfaction and mobilizes us to continue growing the network. At the same time, we strive for this development to be more and more closely aligned to the natural environment. That is why we are also ramping up our investments in renewable energy sources”, says Michał Krauze, Management Board Member of Dino Polska S.A.

At the end of June 2021, 628 Dino stores had their own photovoltaic installations with a total capacity of nearly 23 megawatts. In comparison to the end of 2020, this represents an increase of 263 stores whereby the Dino Group’s electricity demand is being satisfied to an ever greater degree by solar energy. As a result, in H1 2021 Dino Polska generated 7 GWh hours of electricity from renewable sources, 7 times more than a year ago.

In May 2021, Dino Polska’s sixth distribution center in Sieroniowice in the Opole region started to operate. At the same time, the construction of the seventh distribution center in Sierpc in the Masovian region was finalized. It will begin operating after the summer holidays. Dino Polska’s total capital expenditures, primarily including the development of its network and logistics base exceeded PLN 700 million in H1 2021, some 63% higher than a year earlier.

“The numbers speak for themselves. In the first half of the year, more than 1 million customers a day on average did their shopping in Dino stores, signifying more than 33% growth versus H1 2020. We listen to consumers’ needs and we are constantly working to earn their trust by offering them high quality products at attractive prices”, says Izabela Biadała, Management Board Member of Dino Polska S.A.

The Dino Group’s total revenue in H1 2021 surpassed PLN 6 billion while it was PLN 4.7 billion in the corresponding period of 2020. The like-for-like (LfL) sales growth rate in stores in existence for at least one year was 9.5%.