AmRest Holdings SE (“AmRest”, the “Company”) informs that the preliminary sales generated by the AmRest Group (“Group”) in Q2 2018 amounted to EUR 364m, which was a 23.6% increase compared to the corresponding period of 2017. Group’s sales in local currencies increased by 26.1%.
Growth of Group’s revenues in Q2 2018 was additionally supported by consolidation of results of Pizza Hut Delivery chain in France acquired on May 16th, 2017, Pizza Hut chain in Germany taken over on July 31st, 2017, 22 KFC restaurants acquired on October 2nd, 2017 in Russia, 38 KFC restaurants taken over so far in France in Q4 2017, Restaurant Partner Polska Sp. z o.o., shares of which AmRest acquired on August 31st, 2017 and 16 Pizza Hut restaurants in Moscow the assets of which the Company acquired on June 1st, 2018 (collectively EUR 34m sales in Q2 2018). Excluding sales of listed businesses the revenues of the Group in Q2 2018 grew by 12.6%.
The sales results of Central Europe division amounted to EUR 172m in Q2 2018 and were 17.8% higher compared to Q2 2017. Total sales generated in this division in local currencies increased by 17.7%.
The revenues of Russian division amounted to EUR 42m in Q2 2018 and were 19.7% higher compared to the corresponding period of 2017. In local currency sales grew by 40.9%.
The revenues of Western Europe division in Q2 2018 amounted to EUR 125m, which was higher by 35.3% compared to Q2 2017.
Sales of the Spanish market, reported within the segment of Western Europe, amounted to EUR 57m in Q2 2018, which was 11.0% higher than year ago.
In China revenues amounted to EUR 20m in Q2 2018, which was a 16.5% increase over the year. In local currency it represented a growth of 17.3%.
Revenues reported under Unallocated segment equaled EUR 4m and were 32.3% higher than year ago (30.6% increase in local currency).
Art. 17 Sec. 1 of Regulation (EU) No 596/2014 of The European Parliament and of The Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC