Montanaro Asset Management Limited go under 3% today.

Final Results

Financial Highlights

· System sales1 increased by 14.6% to £766.6m (2013: £668.8m)

· Underlying2 profit before tax, of £54.8m, up 15.1% (2013: £47.6m)

· Like-for-like sales3 growth of 11.3% in 724 UK mature stores (2013: 7.0% in 670 mature stores)

· Underlying profit before tax for UK & ROI increased by 14.3% to £63.1m (2013: £55.2m)

· Underlying earnings per share:

o Diluted earnings per share up 10.5% to 26.4p (2013: 23.9p)

o Basic earnings per share up 10.8% to 26.6p (2013: 24.0p)

· Statutory operating profit up at £54.0m (2013: £20.4m)

· Statutory basic earnings per share up at 25.9p (2013: 10.7p)

· Final dividend increased by 10.1% to 9.69p per share (2013: 8.80p) bringing the total dividend for the year to 17.50p per share up 10.1% (2013: 15.90p)

· 44 new stores opened in the period (2013: 57 stores) with eight closures (2013: four) resulting in a total of 894 stores in four countries as at 28 December 2014

· UK & ROI online system sales increased by 30.2% to £440.0m (2013: £338.0m) with online sales accounting for 69.4% of UK & ROI delivered sales (2013: 61.5%). Of this, 44.2% of online orders were taken through a mobile device (2013: 30.9%)

· Strong balance sheet with an adjusted net cash position4 of £11.0m (2013: adjusted net debt of £13.6m)


Current Trading

Like-for-like sales in the first eight weeks of 2015 are as follows:


UK (£) 9.5%

ROI (€) 4.8%

Germany (€) 0.1%

Switzerland (CHF) 7.7%

Up nearly 8% so far.

Half Yearly Report

Highlights

· UK market continues to underpin growth with another half of double-digit LFL sales

· Successful new opening store programme
o 21 (2014: 8) stores opened in the period

o System sales per store almost 12% ahead

· Continued success of digital investment programmes in the UK

o e-commerce system sales ahead by 24.4%

o App based sales now represents the largest distribution channel driving 51.6% of online sales

· Significant increase in franchisee profitability

o EBITDA performance up from 12.9% to 15.1% 5

· Improving performances in international businesses

o Economic recovery and operational improvements in ROI

o Losses in Germany narrowed from £4.7m to £1.8m

o New corporate stores opened in Switzerland

· Group underlying operating profit and EPS up by 30%

· Strong cash flow and cash conversion - net cash of £19.2m

Check out: Domino's Pizza - Interim results 2015 presentation

click here for webcast

numbers due out next week
regardless of how good they are, this stock has a habit of dumping on the news, so (imo) worth holding back some funds for such an event

a roaring set of numbers and reaction
i think this has been far and away my most consistent and profitable holding

Ironic seeing that it is a product you hate and that it is probably the single largest contributor to the growing obesity problem in the UK!! Seems the market likes the figures this time.

can't disagree

Blimey! Thats a first from Alf -):

SP up nearly a stonking 14%.

Good article in todays Telegraph.

Financial Director announces his resignation http://www.moneyam.com/action/news/showArticle?id=5156660

a rather nasty tumble this morning
anyone know the reason, for even if going xd, surely that would not be until tomorrow?

Can't see any obvious reason, but if you look at their 5 year chart they do tend to do this leading up to the turn of the year..

in a roaring market, the fall looked ridiculous so i bought a few at 962 ...... i hold more in my sipp but at a much lower price

clearly the unwarranted dump yesterday was indeed that
shame i wasn't brave enough to buy a lot more :-)

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but have banked twiddly profit as markets likely to be unstable during the day

Very bullish broker note out today by Credit Suisse, hence the rise. Will post when I find it.

best day since October as broker upgrades

* Domino's Pizza +7.4%, top of FTSE 250 < .FTMC> and best day since mid Oct, as Credit Suisse upgrades to "outperform" v "neutral", adds to SMID Focus List
* CS raises FY16 and FY17 EPS forecasts by 15-19% (9%/14% above consensus)
* Cites Domino's US guidance of 3-6% International LFLs, further scope to improve online sales, and its assessment of management remuneration (consensus implies c40% LTIP pay-outs v 100% on its forecasts)
* Adds German JV reduces downside risks to cash flow [nFWN15G02C]
* CS ranked at four stars for recommendation accuracy on Domino's, StarMine shows
* Stock strong performer in 2014/2015, but weak lately (-22% from early Nov closing peak until Tues close)

More topping to go on this I wonder?!