Dino Polska applied to Poland’s Financial Supervisory to enter the Warsaw Stock Exchange in the first half of 2017. In the public offering, the company will be offering only preliminary shares in Polish Enterprise Fund VI, managed by Enterprise Investors, that holds a 49-percent stake in Dino. The company’s majority shareholder Tomasz Biernacki, controls 51 percent of the business. The IPO is expected to be the biggest offering planned for 2017 on the WSE.
Dino was the fastest-growing proximity supermarket chain on the Polish market between 2010 and 2015 and has grown into the country’s second biggest grocer. As of the end of November, its network consisted of 608 stores, located mainly in the western part of Poland, in small and medium-sized cities. The chain’s logistic operations include warehouses in Krotoszyn, Jastrowie and Piotrkowie Trybunalskim.
Dino Group posted sales of PLN 2.59bn last year, a 23-percent increase year-on-year. EBITDA hit PLN 210.2m during that period, marking a 42-percent jump y-o-y, with net profit for the group coming in at PLN 122.2m (an 85-percent increase y-o-y).
