Locked content AmRest Q2 profit below expectations

WSE-listed restaurant operator AmRest posted a PLN 33.1 million attributable net profit in Q2, below consensus expectations for PLN 37.5 million, mostly due to increased costs. Revenues amounted to PLN 1.24 billion, in line with expectations and 27.2 percent y/y increase, in line with preliminary fi...

Locked content AmRest buys 51% stake in PizzaPortal.pl

WSE-listed restaurant operator AmRest has finalized the deal to buy 51 percent stake in food delivery portal PizzaPortal.pl for PLN 10 million, the company said in a market filing. According to transactions terms, AmRest will acquire newly issued shares of Germany-based Delivery Hero subsidiary Rest...

Locked content AmRest finalizes German Pizza Hut takeover

WSE-listed restaurant operator AmRest has finalized the purchase and master franchising agreement for Pizza Hut in Germany. Additionally, AmRest bought two Pizza Hut restaurants in Dusseldorf for €1. Under the deal terms, AmRest will become the sole master franchisee of 67 Pizza Hut restaurants curr...

Locked content AmRest wants to move HQs to Spain. Mulls dual listing

WSE-listed restaurant operator AmRest wants to move its headquarters to Spain and pay taxes there. The company also mulls a dual listing on one of the Western European bourses, the company said in a market filing. According to the company, the move would have no major impact on the tax situation of ...

Locked content AmRest with 27.2% y/y revenue growth in Q2 – prelim. results

WSE-listed restaurant operator AmRest enjoyed a Q2, 27.2 percent y/y revenue increase to PLN 1.24 billion, the company said in a market filing of preliminary data. For the CEE region, sales were up by 15 percent y/y to PLN 617 million. Russian operations amounted to PLN 150 million revenue, up by 29...

Locked content AmRest signs framework agreement to buy 42 French KFCs

WSE-listed restaurant operator AmRest has signed a framework agreement with KFC France to buy 42 of its restaurants for €39.9 million. Estimated revenues of the restaurants in the twelve months period ended on April 30th, 2017 amounted to €99 million. “The Completion is contingent upon some addition...

Locked content AmRest Q1 profit below expectations

WSE-listed restaurant operator AmRest posted a PLN 20.6 million attributable net profit in Q1, way below consensus expectations for PLN 40.6 million, mostly due to increased costs. Revenues amounted to PLN 1.14 billion, in line with expectations and 33.7 percent y/y increase, in line with preliminar...

Locked content AmRest continues Russian expansion

WSE-listed restaurants operator AmRest signed a master franchisee deal for Pizza Hut’s operations in Russia and to acquire 18 Pizza Hut restaurants in the country, AmRest said in a market filing. “As a result of the planned transaction, AmRest’s subsidiary will become the master-franchis...

Locked content AmRest with PLN 1.15 bln revenues in Q1 – prelim. results

WSE-listed restaurant operator AmRest had a 33.7 percent y/y increase in Q1 revenues to PLN 1.147 billion, according to the company’s preliminary financial results. In local currencies, the revenues increased by 30.6 percent. “Q1 sales were boosted by taking over Starbucks (May 2016) and KFC (...

Locked content AmRest to acquire popular food delivery service

WSE-listed restaurant chain operator AmRest signed an investment agreement with Germany-based Delivery Hero and Restaurant Partner Polska to acquire 51 percent stake in Restaurant Polska which operates online food delivery service PizzaPortal.pl. Delivery Hero will keep the remaining 49 percent of t...