AmRest Holdings SE (“AmRest”) informs that the preliminary sales generated by the AmRest Group (“Group”) in Q3 2017 amounted to PLN 1 356m, which was a 17.1% increase compared to the corresponding period of 2016. Group’s sales in local currencies increased by 18.0%.
Growth of Group’s revenues in Q3 2017 was additionally supported by consolidation of results of 15 KFC restaurants taken over in Germany on March 1st, 2017, Pizza Hut Delivery chain in France acquired on May 16th, 2017, Pizza Hut chain in Germany taken over on July 31st, 2017 and Restaurant Partner Polska Sp. z o.o., shares of which AmRest acquired on August 31st, 2017 (collectively PLN 51m sales in Q3 2017). Excluding sales of listed businesses the revenues of the Group in Q3 2017 grew by 12.7%.
The sales results of CE division amounted to PLN 686m in Q3 2017 and were 17.1% higher compared to Q3 2016. Total sales generated in this division in local currencies increased by 16.9%.
The revenues of Russian division amounted to PLN 141m in Q3 2017 and were 12.5% higher compared to the corresponding period of 2016. In local currency sales grew by 10.2%.
The revenues of Western Europe division in Q3 2017 amounted to PLN 447m, which was higher by 19.0% compared to Q3 2016 (21.3% growth in local currency).
Sales of the Spanish market, reported within the segment of Western Europe, amounted to PLN 247m in Q3 2017, which was 14.4% higher than year ago (+16.7% in local currency).
In China revenues amounted to PLN 68m in Q3 2017, which was a 15.2% increase over the year. In local currency it represented a growth of 23.6%.
Revenues reported under Unallocated segment equaled PLN 14m and were 18.3% higher than year ago.
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