AmRest with 25% rise in revenue in Q4 – preliminary results

WSE-listed restaurant operator AmRest’s revenue for Q4 amounted to PLN 1.51 billion, marking a 25.1 percent increase year-on-year, according to the company’s preliminary results. In local currencies sales increased by 28 percent in the same period, the company stated. In CEE countries sales stood at PLN 745.25 million, which is 18.7 percent more than in the corresponding period of last year. In Western Europe, revenues grew by 35.9 percent to PLN 514.61 million. In Russia, sales were worth PLN 176.99 million, up by 31.1 percent y/y, while in China the growth stood at 7.9 percent with PLN 64.71 million in revenues. Q4 sales were boosted by PLN 150 million by a number of KFC and Pizza Hut outlets in several markets, as well as the purchase of Restaurant Partner in Poland. Excluding this impact, sales grew by 12.7 percent, the company said.