RB 7/2022 Preliminary Results Release 1Q 2022
AmRest Holdings, SE (“AmRest” or the “Group”), 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 first quarter ended March 31st, 2022.
Key highlights Q1 2022:
- Consolidated revenues of EUR 507m, representing a year-on-year growth of 33.4%.
- Comparable same-store sales ratio amounted to 127.8% in Q1 2022.
- 99% of the restaurants operating at end-March.
The easing of Covid-19 restrictions in all markets in which AmRest operates, with the exception of China, coupled with excellent execution and enhanced digital capabilities, resulted in the highest first quarter revenue generation in AmRest's history, leading the company to consistently over-performed in most markets. Progressive recovery of sales in dine-in channel led the strengthening of total consolidated sales for the period, which amounted to EUR 507 million and increased by 33.4% on year-on-year basis.
The comparable same-store sales ratio reached 127.8% in Q1 2022. The share of operating restaurants was slightly impacted by recent lockdown around Shanghai area, keeping 99% of our restaurants open.
Russia's invasion of Ukraine resulted in a sever humanitarian crisis and a serious economic disruption, the duration and intensity of which remains uncertain. While we monitor closely the developments in the region, we continue to support initiatives to help those in need. International peace continues to be at the center of what we truly believe is important for us.
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