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AmRest Holdings S.E. — Earnings Release 2018
Oct 23, 2018
1788_rns_2018-10-23_958312a4-d0ce-41de-8633-db63c8746d99.html
Earnings Release
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RB 68/2018 Preliminary sales results Q3 2018;AmRest Holdings SE("AmRest", the "Company") informs that the preliminary sales generatedby the AmRest Group ("Group") in Q3 2018 amounted to EUR 392m, which wasa 23.2% increase compared to the corresponding period of 2017. Group'ssales in local currencies increased by 25.2%.;Growth of Group's revenuesin Q3 2018 was additionally supported by consolidation of results ofPizza Hut chain in Germany taken over on July 31st, 2017, 22 KFCrestaurants acquired on October 2nd, 2017 in Russia, 40 KFC restaurantstaken over in France mainly in Q4 2017, Restaurant Partner Polska Sp. zo.o., shares of which AmRest acquired on August 31st, 2017, 40 Pizza Hutrestaurants in Russia, 2 in Armenia and 2 in Azerbeijan acquired on June1st, 2018, 6 Bacoa restaurants in Spain acquired on July 31st, 2018, 8KFC restaurants taken over so far in France in September 2018(collectively EUR 37,5m sales in Q3 2018). Excluding sales of listedbusinesses the revenues of the Group in Q3 2018 grew by 11.4%.;The salesresults of Central Europe division amounted to EUR 186m in Q3 2018 andwere 15.6% higher compared to Q3 2017. Total sales generated in thisdivision in local currencies increased by 16.9%.;The revenues of Russiandivision amounted to EUR 43m in Q3 2018 and were 29.1% higher comparedto the corresponding period of 2017. In local currency sales grew by41.9%.;The revenues of Western Europe division in Q3 2018 amounted toEUR 140m, which was higher by 33.3% compared to Q3 2017.;Sales of theSpanish market, reported within the segment of Western Europe, amountedto EUR 64m in Q3 2018, which was 11.0% higher than year ago.;In Chinarevenues amounted to EUR 19m in Q3 2018, which was a 21.7% increase overthe year. In local currency it represented a growth of 23.1%.;Revenuesreported under Unallocated segment equaled EUR 4m and were 21.6% higherthan year ago (22.7% increase in local currency).;Legal act: Art. 17Sec. 1 of Regulation (EU) No 596/2014 of The European Parliament and ofThe Council of 16 April 2014 on market abuse (Market Abuse Regulation)and repealing Directive 2003/6/EC of the European Parliament and of theCouncil and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC