AmRest Holdings SE (“AmRest”, the “Company”) informs that the preliminary sales generated by the AmRest Group (“Group”) in Q3 2018 amounted to EUR 392m, which was a 23.2% increase compared to the corresponding period of 2017. Group’s sales in local currencies increased by 25.2%.
Growth of Group’s revenues in Q3 2018 was additionally supported by consolidation of results of Pizza Hut chain in Germany taken over on July 31st, 2017, 22 KFC restaurants acquired on October 2nd, 2017 in Russia, 40 KFC restaurants taken over in France mainly in Q4 2017, Restaurant Partner Polska Sp. z o.o., shares of which AmRest acquired on August 31st, 2017, 40 Pizza Hut restaurants in Russia, 2 in Armenia and 2 in Azerbeijan acquired on June 1st, 2018, 6 Bacoa restaurants in Spain acquired on July 31st, 2018, 8 KFC restaurants taken over so far in France in September 2018 (collectively EUR 37,5m sales in Q3 2018). Excluding sales of listed businesses the revenues of the Group in Q3 2018 grew by 11.4%.
The sales results of Central Europe division amounted to EUR 186m in Q3 2018 and were 15.6% higher compared to Q3 2017. Total sales generated in this division in local currencies increased by 16.9%.
The revenues of Russian division amounted to EUR 43m in Q3 2018 and were 29.1% higher compared to the corresponding period of 2017. In local currency sales grew by 41.9%.
The revenues of Western Europe division in Q3 2018 amounted to EUR 140m, which was higher by 33.3% compared to Q3 2017.
Sales of the Spanish market, reported within the segment of Western Europe, amounted to EUR 64m in Q3 2018, which was 11.0% higher than year ago.
In China revenues amounted to EUR 19m in Q3 2018, which was a 21.7% increase over the year. In local currency it represented a growth of 23.1%.
Revenues reported under Unallocated segment equaled EUR 4m and were 21.6% 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