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AmRest Holdings S.E. — Earnings Release 2019
Oct 23, 2019
1788_rns_2019-10-23_4dd2506e-08bd-49ca-bd8a-ff4e645fd5d4.html
Earnings Release
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RB 27/2019 Preliminary sales results Q3 2019;AmRest Holdings SE("AmRest") informs that the preliminary sales generated by the AmRestGroup ("Group") in Q3 2019 amounted to EUR 505m, a 28.7% increasecompared to the corresponding period of 2018. The Group's sales in localcurrencies increased by 28.1%;In addition to dynamic organic growth, theGroup's revenues in Q3 2019 were also supported by the consolidation ofrecently acquired businesses: 15 KFC restaurants in France, the Bacoabusiness in Spain and Sushi Shop chain. Excluding these acquiredbusinesses, the revenues of the Group in Q3 2019 grew by 16.9%.;Thesales result of the CE division amounted to EUR 218m in Q3 2019 and was17.2% higher compared to Q3 2018, an increase of 17.8% in localcurrencies.;The revenues of the Russian division amounted to EUR 55m inQ3 2019 and were 28.9% higher compared to the corresponding period of2018. In local currency sales grew by 21.3%.;The revenues of the WesternEurope division in Q3 2019 amounted to EUR 200m, which was higher by42.6% compared to Q3 2018.;Sales of the Spanish market, reported withinthe segment of Western Europe, amounted to EUR 72m in Q3 2019, which was11.3% higher than year ago.;In China revenues amounted to EUR 24m in Q32019, which was a 22.1% increase over the year. In local currency itrepresented a growth of 20.3%.;Revenues reported under segment "Other"equalled EUR 8m and were 109.6% higher than year ago (110.0% growth inlocal currency).;Legal act: Art. 17 Sec. 1 of Regulation (EU) No596/2014 of The European Parliament and of The Council of 16 April 2014on market abuse (Market Abuse Regulation) and repealing Directive2003/6/EC of the European Parliament and of the Council and CommissionDirectives 2003/124/EC, 2003/125/EC and 2004/72/EC