As many international companies limit their exposure to Russia following the launch of what it describes as a"special military operation" on February 24, DP Eurasia said last month it would limit further investment in the country.
"We have franchisees over there, half of the stores, even if you want to close these stores, we cannot," he said. DP Eurasia, the largest pizza delivery company in Turkey and the third largest in Russia, has 188 stores in Russia and Saranga said it had not seen any major change in consumer demand since the start of the war in Ukraine.The company's full-year adjusted earnings before interest, taxes, depreciation and amortisation rose 58.5% to 208.4 million Turkish lira , driven by a strong performance in Turkey and recovery in Russia.
Russia is its second-biggest market, representing 26% of its system sales, which comprise sales both from its own and franchised stores.