Locked content AmRest posts 17.1% rise in revenue y/y in Q3

AmRest’s revenue for Q3 amounted to PLN 1.356 billion, marking a 17.1 percent increase year-on-year. In local currencies sales increased by 18 percent in the same period, the company stated. In CEE countries sales stood at PLN 686 million, which is 17.1 percent more than in the corresponding period ...

Locked content AmRest approves plan to move to Spain

WSE-listed restaurant operator AmRest shareholders approved the motion to move the company’s headquarters to Spain from Poland, with 90.55 percent of the votes in favor. Back in July, the company announced the plan to move to Spain for investments reasons with the possibility of dual listing on one ...

Locked content AmRest finalizes the takeover of Russian KFCs for PLN 105 mln

WSE-listed restaurant operator AmRest finalized the takeover of 21 KFC restaurants in Russia for PLN 105 million, the company said in a market filing. Local businesswoman Svetlana Mikhailovna Popova was the seller. Currently, AmRest operates 120 KFC restaurants in Russia. The deal was signed back in...

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...