AI assistant
AmRest Holdings S.E. — Earnings Release 2021
Oct 29, 2021
1788_rns_2021-10-29_0a84b676-ee76-46b2-8079-7ad0f69c31d2.html
Earnings Release
Open in viewerOpens in your device viewer
RB 18/2021 Preliminary Results Release 3Q 2021;AmRest Holdings SE("AmRest" or the "Group") AmRest, a leading multi-brand franchiserestaurant operator in Europe, hereby reports its preliminary resultsincluding sales, comparable sales trends and the status of restaurantsoperating for the third quarter ended September 30, 2021.;Key highlights3Q 2021:;Consolidated revenues reached 533.6m EUR, representing a 20.9%growth year-on-year.;Same-store-sales index up to 115.5% in 3Q 2021.;99%of the restaurants operating as of the end of September.;The recovery ofsales volumes in Q3 2021 continued with the same positive trend weclosed the previous quarter. The excellent evolution registered isaccompanied by a greater number of operating restaurants and thereopening of dine in, as a consequence of the relaxation of restrictionsin most of the countries the Group operates. This positive sales trendcorroborates AmRest´s commercial approach and service excellencecommitment.;The consolidated sales in the third quarter amounted to EUR533.6m, implying a 20.9% increase year on year.;The same-store-salesindex reached 115.5% in Q3 2021. The share of open stores increased topractically all of them reaching 99% at the end of September 2021, upfrom 98% on the same date the previous year.;Sales of the Central andEastern Europe division amounted to EUR 252.3m in Q3 2021 and werehigher by 27.1% year on year.;Sales in the Western Europe division in Q32021 amounted to EUR 192.9m, which was 15.3% higher compared to Q32020.;The Russian segment generated revenues of EUR 51.0m in Q3 2021, up19.1% compared to the corresponding period in 2020.;In China, salesamounted to EUR 27.3m in Q3 2021 and increased by 10.3% compared to Q32020.;Legal act: Art. 17 Sec. 1 of Regulation (EU) No 596/2014 of TheEuropean Parliament and of The Council of 16 April 2014 on market abuse(Market Abuse Regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC