AmRest Holdings SE (“AmRest”) informs that the preliminary sales generated by the AmRest Group (“Group”) in Q3 2019 amounted to EUR 505m, a 28.7% increase compared to the corresponding period of 2018. The Group’s sales in local currencies increased by 28.1%
In addition to dynamic organic growth, the Group’s revenues in Q3 2019 were also supported by the consolidation of recently acquired businesses: 15 KFC restaurants in France, the Bacoa business in Spain and Sushi Shop chain. Excluding these acquired businesses, the revenues of the Group in Q3 2019 grew by 16.9%.
The sales result of the CE division amounted to EUR 218m in Q3 2019 and was 17.2% higher compared to Q3 2018, an increase of 17.8% in local currencies.
The revenues of the Russian division amounted to EUR 55m in Q3 2019 and were 28.9% higher compared to the corresponding period of 2018. In local currency sales grew by 21.3%.
The revenues of the Western Europe division in Q3 2019 amounted to EUR 200m, which was higher by 42.6% compared to Q3 2018.
Sales of the Spanish market, reported within the segment of Western Europe, amounted to EUR 72m in Q3 2019, which was 11.3% higher than year ago.
In China revenues amounted to EUR 24m in Q3 2019, which was a 22.1% increase over the year. In local currency it represented a growth of 20.3%.
Revenues reported under segment “Other” equalled EUR 8m and were 109.6% higher than year ago (110.0% 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