RB 3/2019 Preliminary sales results Q4 2018
AmRest Holdings SE (“AmRest”, the “Company”) informs that the preliminary sales generated by the AmRest Group (“Group”) in Q4 2018 amounted to EUR 443m, which was a 23.3% increase compared to the corresponding period of 2017. Group’s sales in local currencies increased by 25.5%.
In addition to dynamic organic growth, the Group’s revenues in Q4 2018 were also supported by consolidation of recently acquired businesses: KFC chain in France, Pizza Hut in Russia, Armenia and Azerbaijan, Bacoa business in Spain and a chain of Sushi Shop. Excluding these acquired business, the revenues of the Group in Q4 2018 grew by 9.5%.
The sales results of Central Europe division amounted to EUR 195m in Q4 2018 and were 11.0% higher compared to Q4 2017. Total sales generated in this division in local currencies increased by 12.7%.
The revenues of Russian division amounted to EUR 44m in Q4 2018 and were 5.4% higher compared to the corresponding period of 2017. In local currency sales grew by 16.4%.
The revenues of Western Europe division in Q4 2018 amounted to EUR 179m, which was higher by 47.5% compared to Q4 2017.
Sales of the Spanish market, reported within the segment of Western Europe, amounted to EUR 68m in Q4 2018, which was 14.5% higher than year ago.
In China revenues amounted to EUR 19m in Q4 2018, which was a 23.3% increase over the year. In local currency it represented a growth of 24.9%.
Revenues reported under Unallocated segment equaled EUR 5m and were 20.8% higher than year ago (22.7% increase 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