AmRest Holdings SE (“AmRest”) informs that the preliminary sales generated by the AmRest Group (“Group”) in Q1 2019 amounted to EUR 445m, a 28.1% increase compared to the corresponding period of 2018. The Group’s sales in local currencies increased by 30.1%.
In addition to dynamic organic growth, the Group’s revenues in Q1 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 Q1 2019 grew by 12.6%.
The sales result of the CE division amounted to EUR 186m in Q1 2019 and was 13.6% higher compared to Q1 2018, an increase of 16.1% in local currencies.
The revenues of the Russian division amounted to EUR 44m in Q1 2019 and were 11.5% higher compared to the corresponding period of 2018. In local currency sales grew by 19.2%.
The revenues of the Western Europe division in Q1 2019 amounted to EUR 191m, which was higher by 52.3% compared to Q1 2018.
Sales of the Spanish market, reported within the segment of Western Europe, amounted to EUR 65m in Q1 2019, which was 17.8% higher than year ago.
In China revenues amounted to EUR 20m in Q1 2019, which was a 28.6% increase over the year. In local currency it represented a growth of 26.1%.
Revenues reported under segment “Other” equalled EUR 5m and were 24.3% higher than year ago (27.7% 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