AmRest Holdings SE (“AmRest”, the “Company”) informs that the preliminary sales generated by the AmRest Group (“Group”) in Q4 2018 amounted to EUR 443m, which was a 23.3% increase compared to the corresponding period of 2017. Group’s sales in local currencies increased by 25.5%.
In addition to dynamic organic growth, the Group’s revenues in Q4 2018 were also supported by consolidation of recently acquired businesses: KFC chain in France, Pizza Hut in Russia, Armenia and Azerbaijan, Bacoa business in Spain and a chain of Sushi Shop. Excluding these acquired business, the revenues of the Group in Q4 2018 grew by 9.5%.
The sales results of Central Europe division amounted to EUR 195m in Q4 2018 and were 11.0% higher compared to Q4 2017. Total sales generated in this division in local currencies increased by 12.7%.
The revenues of Russian division amounted to EUR 44m in Q4 2018 and were 5.4% higher compared to the corresponding period of 2017. In local currency sales grew by 16.4%.
The revenues of Western Europe division in Q4 2018 amounted to EUR 179m, which was higher by 47.5% compared to Q4 2017.
Sales of the Spanish market, reported within the segment of Western Europe, amounted to EUR 68m in Q4 2018, which was 14.5% higher than year ago.
In China revenues amounted to EUR 19m in Q4 2018, which was a 23.3% increase over the year. In local currency it represented a growth of 24.9%.
Revenues reported under Unallocated segment equaled EUR 5m and were 20.8% higher than year ago (22.7% 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