DP Eurasia N.V. has shared an update on its FY2023 performance through a presentation by Jubilant FoodWorks Limited. As of December 31, 2023, the company's store count includes 690 Domino's Pizza stores in Turkey, 10 in Azerbaijan, 7 in Georgia, and 89 COFFY stores. COFFY, the company's homegrown brand, is on track to become one of the top five coffee brands in Turkey by the end of CY 2024. The company's net debt, post IFRS-16, as of December 31, 2023, was 466 million TRY.
The system sales showed significant growth, with pre-IAS-29 system sales at 6,136 million TRY, marking a 102.0% increase compared to December 31, 2022. Post-IAS-29 system sales were at 7,583 million TRY, reflecting a 31.0% growth versus the same period. Additionally, the pro forma financial metrics for the year ended December 31, 2023, revealed a revenue of Rs 17,509 million and a PAT from Continuing Operations of Rs 1,663 million.
The company's announcement also included important notices and forward-looking statements, emphasizing the prospective nature of certain statements and the associated risks and uncertainties. DP Eurasia N.V. is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia, and it operates as the largest pizza delivery company in Turkey, with a strategic balance between corporate and franchised stores.
The Group also operates its own coffee brand, COFFY, which is positioned for significant growth. The update provides a comprehensive overview of the company's performance and strategic positioning, offering insights into its store count, financial metrics, and future prospects.