AmRest Holdings S.E. — Earnings Release 2021

Apr 29, 2021

RB 7/2021 Preliminary sales results Q1 2021;AmRest Holdings SE ("AmRest"or the "Group") hereby provides a business update on the first quarter2021 preliminary sales, comparable sales trends and the status ofrestaurants operating.;There were no major changes in terms ofrestrictions since the end of the year until the middle of March, giventhe emergence of a ‘third wave' of COVID-19 with growing number ofpositive cases and more strict measures taken in the majority of ourEuropean markets. As a reflection of those measures, dine-in was closedor with restricted capacity and only take away, delivery or drivethrough was permitted by local authorities. The share of open stores hasbeen stable to approximately 93% at the end of March, up from 92% at theend of the previous quarter.;It should be highlighted that the Q1 2021data is not fully comparable versus last year as it was not until themiddle of March last year when the business in Europe started to be moreaffected by the COVID-19 outbreak. The discrepancy in number of daysaffected by restrictions in these two compared quarters explains thesales declines described below.;The Group's preliminary sales in therespective period amounted to EUR 380.0m, implying a 7.8% decreasecompared to the same period last year.; On same-store-sales basisexcluding F/X and adjusting for temporarily closed stores, the indexversus 2019 reached 83.1% in Q1 2021, up from 78.8% during Q4 2020.;Preliminary sales of the Central and Eastern Europe division amounted toEUR 163.8m in Q1 2021 and were 10.0% lower compared to Q1 2020.; TheRussian segment generated revenues of EUR 37.7m in Q1 2021, 23.1% lowercompared to the corresponding period in 2020.;Sales in the WesternEurope division in Q1 2021 amounted EUR 150.8m, which was lower by 8.6%compared to Q1 2020.;In China, sales amounted to EUR 21.3m in Q1 2021,an increase of 116.4% compared to Q1 2020. COVID-19 impact started inthe middle of January 2020 therefore actual comparison versus last yearis not quite relevant.;Revenues reported under segment "Other" reachedEUR 6.4m and were 2.7% higher than a year ago.;Legal act: Art. 17 Sec. 1of Regulation (EU) No 596/2014 of The European Parliament and of TheCouncil of 16 April 2014 on market abuse (Market Abuse Regulation) andrepealing Directive 2003/6/EC of the European Parliament and of theCouncil and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC