AmRest Holdings SE (“AmRest”) informs that the preliminary sales generated by the AmRest Group (“Group”) in Q2 2019 amounted to EUR 483m, a 32.5% increase compared to the corresponding period of 2018. The Group’s sales in local currencies increased by 32.8%
In addition to dynamic organic growth, the Group’s revenues in Q2 2019 were also supported by the consolidation of recently acquired businesses: 15 KFC restaurants in France, Pizza Hut businesses in Russia, Armenia and Azerbaijan, the Bacoa business in Spain and Sushi Shop. Excluding these acquired businesses, the revenues of the Group in Q2 2019 grew by 18.3%.
The sales result of the CE division amounted to EUR 203m in Q2 2019 and was 18.0% higher compared to Q2 2018, an increase of 19.1% in local currencies.
The revenues of the Russian division amounted to EUR 52m in Q2 2019 and were 22.6% higher compared to the corresponding period of 2018. In local currency sales grew by 19.9%.
The revenues of the Western Europe division in Q2 2019 amounted to EUR 196m, which was higher by 56.5% compared to Q2 2018.
Sales of the Spanish market, reported within the segment of Western Europe, amounted to EUR 68m in Q2 2019, which was 19.8% higher than year ago.
In China revenues amounted to EUR 24m in Q2 2019, which was a 21.2% increase over the year. In local currency it represented a growth of 22.3%.
Revenues reported under segment “Other” equalled EUR 7m and were 68.8% higher than year ago (69.6% growth 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