Locked content AmRest Q3 net profit down at €18 mln

AmRest recorded €18 million of consolidated net profit attributable to shareholders in Q3 compared to €20.2 million a year earlier, the company said. EBITDA amounted to €49.7 million versus €47.1 million y/y. Consolidated revenue grew to €392.3 million from €318.5 million. AmRest Holding is an inter...

Locked content AmRest to debut on Spanish Stock Exchanges on Nov 21

AmRest Holdings plans to start trading on Stock Exchanges in Madrid, Barcelona, Bilbao, and Valencia on November 21, the company said. “This movement will allow us to reach new markets and investors, expand our shareholder base and gain acknowledgment in Western Europe,” José Parés, Chai...

Locked content AmRest completes acquisition of Sushi Shop

AmRest has finalized the purchase of 100 percent stake in Sushi Shop Group, the company said. The purchase price was about €164 million. Earlier the company said that the price would amount to €240 million adjusted by the balance of cash and debt. In addition, up to €10 million (earn-out) will be pa...

Locked content AmRest raises €70 mln through private placement

WSE-listed restaurant operator AmRest will issue over 7.4 million new shares at €9.44 apiece through private placement, the company said in a market filing. The nominal value of the shares will be €0.1 while the remainder of the amount will be the issue premium. The issue represents 3.5 percent of t...

Locked content AmRest trading suspended by WSE

The Warsaw Stock Exchange will suspend the trading of restaurant operator AmRest shares between October 4-8.  The suspension of trade is dictated by the company moving its home deposit of shares to Spain. This is due to the fact that the firm’s headquarters are being moved to Spain as well, and will...

Locked content AmRest applies for trading suspension on WSE on Oct. 4-8

Restaurant operator AmRest applied for suspension of trading in its shares on the Warsaw Stock Exchange (WSE) from October 4 to 8 inclusive, the company said in a statement. The decision is related to the planned transfer of the home deposit of shares to Spain. This will not affect the quotations of...

Locked content AmRest Q2 net profit at €8.1 mln, below consensus

WSE-listed restaurant operator AmRest posted a €8.1 million net profit attributable to shareholders in Q2 versus €7.9 million a year ago. The result was below the consensus of €9.5 million. Revenue amounted to €364.2 million, in line with the company’s estimates. The group’s EBITDA stood...

Locked content AmRest to redeem early PLN 140 mln bonds

WSE-listed restaurant operator AmRest plans to early redeem PLN 140 million worth of bearer bonds on September 28, instead of their original redemption date of September 10, next year, the company said in a market filing. “The early redemption of the Bonds at the request of the Issuer will be carrie...

Locked content AmRest to buy sushi chain for €240 mln

WSE-listed restaurant operator AmRest has signed a share purchase agreement with Grégory Marciano, Naxicap Partners and other entities regarding the purchase of 100 percent stake in Sushi Shop restaurant chain. “The purchase price will amount to approximately €240 million (and will be adjusted by th...

Locked content AmRest buys Sushi Shop for €240 mln

Restaurant operator AmRest signed an agreement to buy 100% of Sushi Shop Group for about €240 million. Under the agreement, €13 million will be paid in company shares to Grégory Marciano and Adrien de Schompré.  An additional amount of up to €10 million (earn-out) will be paid if Sushi Shop achieves...