AmRest Holdings, SE (“AmRest” or the “Company”), in compliance with the provisions of article 227 of the restated text of the Securities Market Law, presents update on business situation. Following the lifting or loosening of restrictions on the opening of restaurants caused by the Covid-19 pandemic, AmRest currently maintains open 2,186 stores, which represents 94% of the Group's total number of restaurants.
Out of the 26 markets in which the Group operates, openings have been fully restored in almost all of them, with the exception of Russia where the percentage of open stores is slightly below 80%.
The AmRest Group has implemented the strictest measures in its restaurants to guarantee the safety of customers and employees at all times.
Lastly, it is reported that AmRest has obtained the waiver from its financing banks to comply with certain financial covenant as of March 31, 2020, as anticipated in the interim management report for the first quarter of 2020. AmRest is punctually meeting its financial payment obligations vis-à-vis its financing banks, with whom AmRest keeps working closely to adapt the financial commitments to the situation caused by the Covid-19.