Third quarter sales at Global Brands - the master franchise owner for Domino's Pizza in Switzerland, Luxembourg and Liechtenstein - were up 26.6% on last year.
For the nine months from January to September, like-for-like sales were up 19% on 2009.
In addition, the company said its cost containment programme was starting to be reflected in the overall financial performance and it had moved significantly closer to being cash generative.
On a quarterly basis, the EBITDA loss has improved from CHF583.1k in Q2 to a loss of CHF425k in Q3.
On a monthly basis, the EBITDA loss has improved from a loss of CHF238k in February 2010 to a loss of CHF197k in July, followed by a loss of CHF131k in August 2010 and a loss of CHF97k in September 2010.
CEO Bruce Vandenberg said: "We are delighted to be able to report a strong and continued improvement in our performance.
"Over the last 18 months, the entire team has put an enormous amount of effort into turning the business around, and the results are starting to reflect this.
"We are confident of further improvements in our core business, particularly as we implement our sub-franchising strategy."
Monday, October 18, 2010
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