AmRest estimates fourth quarter revenue of PLN 1.2 billion

  International fast-food and casual dining restaurant operator AmRest estimates that its sales revenue in the fourth quarter of 2016 amounted to PLN 1.213 billion, an increase of 32.2 percent y/y, the company said in a statement. "The dynamics of the Group's sales in the fourth quarter of 2016 was affected favorably by the consolidation of Starbucks in Germany, which posted revenue of PLN143 million in the fourth quarter of 2016. With the exception of Starbucks Germany sales, the Group's revenues in the fourth quarter of 2016 increased by 16.6 percent," the statement continued. AmRest is primarily based in Wrocław and operates throughout Europe and the US. It runs close to 1,100 restaurants. The company had its initial public offering on the Warsaw Stock Exchange in 2005.