Announcement • May 28
Dino Polska S.A., Annual General Meeting, Jun 22, 2026 Dino Polska S.A., Annual General Meeting, Jun 22, 2026, at 10:00 Central European Standard Time. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: zł0.32 (vs zł0.32 in 1Q 2025) First quarter 2026 results: EPS: zł0.32 (up from zł0.32 in 1Q 2025). Revenue: zł8.44b (up 15% from 1Q 2025). Net income: zł316.0m (up 1.5% from 1Q 2025). Profit margin: 3.7% (down from 4.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: zł4.05 (vs zł0.35 in 2Q 2024) Second quarter 2025 results: EPS: zł4.05 (up from zł0.35 in 2Q 2024). Revenue: zł8.62b (up 19% from 2Q 2024). Net income: zł397.5m (up 14% from 2Q 2024). Profit margin: 4.6% (down from 4.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year. New Risk • Aug 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • May 21
Dino Polska S.A., Annual General Meeting, Jun 16, 2025 Dino Polska S.A., Annual General Meeting, Jun 16, 2025. Announcement • Jan 20
Dino Polska S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025 Dino Polska S.A. announced that they will report fiscal year 2024 results After-Market on Feb 27, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: zł4.47 (vs zł4.33 in 3Q 2023) Third quarter 2024 results: EPS: zł4.47 (up from zł4.33 in 3Q 2023). Revenue: zł7.61b (up 11% from 3Q 2023). Net income: zł438.2m (up 3.3% from 3Q 2023). Profit margin: 5.8% (down from 6.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €82.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Consumer Retailing industry in Europe. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €163 per share. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: zł3,550 (vs zł3.69 in 2Q 2023) Second quarter 2024 results: EPS: zł3,550. Revenue: zł7.24b (up 11% from 2Q 2023). Net income: zł347.9m (down 4.0% from 2Q 2023). Profit margin: 4.8% (down from 5.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €80.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total returns to shareholders of 26% over the past three years. Announcement • May 31
Dino Polska S.A., Annual General Meeting, Jun 26, 2024 Dino Polska S.A., Annual General Meeting, Jun 26, 2024. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: zł3.01 (vs zł2.76 in 1Q 2023) First quarter 2024 results: EPS: zł3.01 (up from zł2.76 in 1Q 2023). Revenue: zł6.67b (up 20% from 1Q 2023). Net income: zł295.2m (up 9.1% from 1Q 2023). Profit margin: 4.4% (down from 4.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: zł14.33 (vs zł11.55 in FY 2022) Full year 2023 results: EPS: zł14.33 (up from zł11.55 in FY 2022). Revenue: zł25.7b (up 30% from FY 2022). Net income: zł1.41b (up 24% from FY 2022). Profit margin: 5.5% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 03
Now 21% undervalued Over the last 90 days, the stock has risen 16% to €105. The fair value is estimated to be €132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €107, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €140 per share. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: zł4.33 (vs zł3.46 in 3Q 2022) Third quarter 2023 results: EPS: zł4.33 (up from zł3.46 in 3Q 2022). Revenue: zł6.88b (up 28% from 3Q 2022). Net income: zł424.0m (up 25% from 3Q 2022). Profit margin: 6.2% (down from 6.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €85.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Consumer Retailing industry in Europe. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €137 per share. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €82.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total returns to shareholders of 9.4% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €141 per share. Reported Earnings • Aug 20
Second quarter 2023 earnings released: EPS: zł3.69 (vs zł2.79 in 2Q 2022) Second quarter 2023 results: EPS: zł3.69 (up from zł2.79 in 2Q 2022). Revenue: zł6.55b (up 34% from 2Q 2022). Net income: zł362.2m (up 33% from 2Q 2022). Profit margin: 5.5% (down from 5.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe. New Risk • Aug 13
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jun 02
Dino Polska S.A., Annual General Meeting, Jun 26, 2023 Dino Polska S.A., Annual General Meeting, Jun 26, 2023, at 10:00 Central European Standard Time. Buying Opportunity • May 31
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 56% in 2 years. Earnings is forecast to grow by 73% in the next 2 years. Buying Opportunity • May 05
Now 23% undervalued Over the last 90 days, the stock is up 7.6%. The fair value is estimated to be €113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: zł11.55 (vs zł8.21 in FY 2021) Full year 2022 results: EPS: zł11.55 (up from zł8.21 in FY 2021). Revenue: zł19.8b (up 48% from FY 2021). Net income: zł1.13b (up 41% from FY 2021). Profit margin: 5.7% (down from 6.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Retailing industry in Europe. Buying Opportunity • Mar 10
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €104, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €88.28, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Consumer Retailing industry in Europe. Total returns to shareholders of 66% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €113 per share. Announcement • Dec 03
Dino Polska Appoints Insider Piotr Scigala as Management Board Member Dino Polska appointed insider Piotr Scigala as a new management board member, the company said in a market filing. Scigala has worked at Dino since 2003. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: zł3.46 (vs zł2.33 in 3Q 2021) Third quarter 2022 results: EPS: zł3.46 (up from zł2.33 in 3Q 2021). Revenue: zł5.37b (up 54% from 3Q 2021). Net income: zł339.4m (up 48% from 3Q 2021). Profit margin: 6.3% (down from 6.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Retailing industry in Europe. Announcement • May 27
Dino Polska S.A., Annual General Meeting, Jun 24, 2022 Dino Polska S.A., Annual General Meeting, Jun 24, 2022, at 10:00 Central European Standard Time. Location: ul. Ostrowska 122, 63-700 Krotoszyn Krotoszyn Poland Agenda: To open the Shareholder Meeting; to elect the Chairperson of the Shareholder Meeting; to assert that the Shareholder Meeting has been convened correctly and is capable of adopting resolutions; to adopt a resolution to accept the agenda; to Adopt a resolution to amend the Company's Articles of Association and a resolution to adopt the consolidated text of the Company's Articles of Association; to Examine and render an opinion on the annual Compensation Report of the the company Management Board and Supervisory Board in 2021; and to discuss other related matters. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: zł1.95 (vs zł1.48 in 1Q 2021) First quarter 2022 results: EPS: zł1.95 (up from zł1.48 in 1Q 2021). Revenue: zł3.85b (up 40% from 1Q 2021). Net income: zł191.4m (up 32% from 1Q 2021). Profit margin: 5.0% (down from 5.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 32%, compared to a 7.3% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 15% share price gain to €65.22, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Consumer Retailing industry in Europe. Total returns to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €130 per share. Reported Earnings • Mar 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: zł8.21 (up from zł6.57 in FY 2020). Revenue: zł13.4b (up 32% from FY 2020). Net income: zł805.3m (up 25% from FY 2020). Profit margin: 6.0% (down from 6.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 27%, compared to a 7.8% growth forecast for the retail industry in Germany. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS zł2.33 (vs zł1.92 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: zł3.49b (up 30% from 3Q 2020). Net income: zł228.8m (up 21% from 3Q 2020). Profit margin: 6.6% (down from 7.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to €77.20, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Consumer Retailing industry in Europe. Total returns to shareholders of 60% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €102 per share. Reported Earnings • Aug 23
Second quarter 2021 earnings released: EPS zł2.00 (vs zł1.51 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: zł3.25b (up 32% from 2Q 2020). Net income: zł196.2m (up 33% from 2Q 2020). Profit margin: 6.0% (in line with 2Q 2020). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 15% share price gain to zł68.00, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Consumer Retailing industry in Europe. Reported Earnings • May 10
First quarter 2021 earnings released: EPS zł1.48 (vs zł1.06 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł2.76b (up 24% from 1Q 2020). Net income: zł144.8m (up 39% from 1Q 2020). Profit margin: 5.2% (up from 4.7% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 05
Full year 2020 earnings released: EPS zł6.57 (vs zł4.19 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł10.1b (up 32% from FY 2019). Net income: zł643.9m (up 57% from FY 2019). Profit margin: 6.4% (up from 5.4% in FY 2019). The increase in margin was driven by higher revenue. Like-for-like sales growth: 12.6% vs FY 2019 Reported Earnings • Mar 13
Full year 2020 earnings released: EPS zł6.57 (vs zł4.19 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł10.1b (up 32% from FY 2019). Net income: zł643.9m (up 57% from FY 2019). Profit margin: 6.4% (up from 5.4% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 20
New 90-day low: €52.70 The company is down 9.0% from its price of €58.10 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €79.08 per share. Is New 90 Day High Low • Dec 28
New 90-day high: €61.35 The company is up 20% from its price of €50.95 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €80.32 per share. Is New 90 Day High Low • Dec 10
New 90-day high: €60.30 The company is up 24% from its price of €48.68 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €69.14 per share. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 27%, compared to a 1.6% growth forecast for the Consumer Retailing industry in Germany. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS zł1.92 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł2.68b (up 32% from 3Q 2019). Net income: zł188.5m (up 72% from 3Q 2019). Profit margin: 7.0% (up from 5.4% in 3Q 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Nov 07
Market bids up stock over the past week After last week's 20% share price gain to zł54.20, the stock is trading at a trailing P/E ratio of 55x, up from the previous P/E ratio of 45.8x. This compares to an average P/E of 21x in the Consumer Retailing industry in Europe. 
