AmRest Q3 profit grows

WSE-listed restaurant operator AmRest posted a PLN 85.25 million attributable net profit in Q3, above consensus expectations for PLN 70 million, and up by 36.5 percent y/y. Revenues amounted to PLN 1.35 billion, in line with expectations and 17.1 percent y/y increase. EBITDA increased 24.8 percent y/y and surpassed PLN 200 million. For the CEE region, in Q3, sales were up by 17.1 percent y/y, Russian market was up by 12.5 percent, while the Western Europe division revenue grew by 19 percent and Chinese market increased by 15.2 percent y/y.