AmRest Holdings SE (“AmRest”) informs that the preliminary sales generated by the AmRest Group (“Group”) in Q4 2019 amounted to EUR 529m, a 19.4% increase compared to the corresponding period of 2018. The Group’s sales in local currencies increased by 18.4%
In addition to dynamic organic growth, the Group’s revenues in Q4 2019 were also supported by the consolidation of recently acquired Sushi Shop business. Excluding the sale generated by that brand, the revenues of the Group in Q4 2019 grew by 17.1%.
The sales result of the CE division amounted to EUR 232m in Q4 2019 and was 18.7% higher compared to Q4 2018, an increase of 18.8% in local currencies.
The revenues of the Russian division amounted to EUR 56m in Q4 2019 and were 26.3% higher compared to the corresponding period of 2018. In local currency sales grew by 16.6%.
The revenues of the Western Europe division in Q4 2019 amounted to EUR 210m, which was higher by 17.3% compared to Q4 2018.
Sales of the Spanish market, reported within the segment of Western Europe, amounted to EUR 76m in Q4 2019, which was 11.6% higher than year ago.
In China revenues amounted to EUR 22m in Q4 2019, which was a 16.8% increase over the year. In local currency it represented a growth of 15.4%.
Revenues reported under segment “Other” equalled EUR 9m and were 75.6% higher than year ago (74.6% growth in local currency).
Legal act: 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