Dino hopes to increase sales by ‘double digits’ – CEO

WSE-listed retailer Dino hopes to increase its LfL sales. “A double-digit increase in LfL sales this year is not threatened in our view,” company’s CEO Szymon Piduch said. Dino had a 14.7 percent increase in sales in H1. “We maintain a high sales growth rate. I think the whole market, considering LfL sales from the first half of the year and two months of the second half of the year, is optimistic about annual sales growth. Our current results show that we are growing faster than the market,” Piduch added. Dino plans to increase its number of stores from 677 at the end-June. “In 2017, we want to open more stores than in 2016, when we added 123 of them,” Piduch said. The company will increase its CAPEX next year from PLN 400-500 million planned for this year.