AmRest Holdings SE (“AmRest”) informs that the preliminary sales generated by the AmRest Group (“Group”) in Q1 2017 amounted to PLN 1 147m, which was a 33.7% increase compared to the corresponding period of 2016. Group’s sales in local currencies increased by 30.6%.
Growth of Group’s revenues in Q1 2017 was additionally supported by consolidation of results of Starbucks chain in Germany acquired on 23rd May 2016 and 15 KFC restaurants taken over in Germany on March 1st, 2017 (collectively PLN 133m sales in Q1 2017). Excluding sales of Starbucks and KFC Germany, the revenues of the Group in Q1 2017 grew by 18.2%.
The sales results of CE division amounted to PLN 585m in Q1 2017 and were 16.1% higher compared to Q1 2016. Total sales generated in this division in local currencies increased by 16.4%.
The revenues of Russian division amounted to PLN 138m in Q1 2017 and were 55.3% higher compared to the corresponding period of 2016. In local currency sales grew by 19.1%.
The revenues of Western Europe division in Q1 2017 amounted to PLN 351m, which was higher by 71.7% compared to Q1 2016 (73.1% growth in local currency).
Sales of the Spanish market, reported within the segment of Western Europe, amounted to PLN 211m in Q1 2017, which was 7.1% higher than year ago (+7.9% in local currency).
In China revenues amounted to PLN 60m in Q1 2017, which was a 17.4% increase over the year. In local currency it represented a growth of 20.4%.
Revenues reported under Unallocated segment equaled PLN 13m and were 31.8% 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