RB 3/2022 Preliminary Results Release 4Q 2022
AmRest Holdings, SE (“AmRest” or the “Group”), pursuant to the provisions of Article 226 of the restated text of the Securities Market Law, issues the following statement of inside information:
AmRest Holdings SE (“AmRest” or the “Group“) AmRest, a leading European multi-brand restaurant operator with a portfolio of first-class leading brands across 25 countries, today reported its preliminary results including sales, comparable sales trends and the status of restaurants operating for the fourth quarter ended December 31st, 2021.
Key highlights 4Q 2021:
- Consolidated revenues of EUR 539.0m, representing a year-on-year growth of 35.6%.
- Comparable same-store sales ratio amounted to 130.7% in 4Q 2021.
- 99% of the restaurants operating at end-December.
Key figures for the full year 2021:
- Consolidated revenues of EUR 1,917 million, representing growth of 25.9% compared to FY2020.
The Group's quarterly sales set a new all-time high, recording the second consecutive record, despite the impact on the business from the rapid spread of the new Covid-19 variant in recent months which has led to increased restrictions imposed by many countries in order to contain the spread of the pandemic. Sales in the dine-in channel have been most impacted by these limitations, which continue to condition both the number of restaurants open and the capacity of those open. However, continued progress in adapting our business model to other channels, and the excellent quality of the services offered, have enabled AmRest to continue to steadily increase its sales levels.
Preliminary consolidated sales for the fourth quarter were EUR 539.0 million, an increase of 35.6% year-on-year.
The comparable same-store sales ratio reached 130.7% in Q4 2021. The share of operating restaurants remained stable during the quarter, keeping 99% of our restaurants open.
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
