AmRest Group Reports Sales Results for the Fourth Quarter of 2017
January 22, 2018 at 10:40 pm
Share
AmRest Group reported sales results for the fourth quarter of 2017. The preliminary sales generated by the AmRest Group in fourth quarter of 2017 amounted to PLN 1,519 million, which was a 25.1% increase compared to the corresponding period of 2016. Group's sales in local currencies increased by 28.0%. Growth of Group's Revenue was additionally supported by consolidation of results of 15 KFC restaurants taken over in Germany on March 1st, 2017, Pizza Hut Delivery chain in France acquired on May 16th, 2017, Pizza Hut chain in Germany taken over on July 31st, 2017, 22 KFC restaurants acquired on October 2nd, 2017 in Russia, 37 KFC restaurants taken over so far in France in fourth quarter of 2017 and Restaurant Partner Polska Sp. z o.o., shares of which AmRest acquired on August 31st, 2017 (collectively PLN 150 million sales in fourth quarter of 2017). Excluding sales of listed businesses the revenues of the Group in fourth quarter of 2017 grew by 12.7%.
Amrest Holdings SE is a Spain-based company active in the restaurants and bars sector. The Companyâs core activity is operating Kentucky Fried Chicken (KFC), Pizza Hut, Burger King and Starbucks restaurants through its subsidiaries in Poland, the Czech Republic, Hungary, the Russian Federation, Serbia, Croatia, Bulgaria, Spain and France, on the basis of franchises granted, and Applebeeâs in the United States. Additionally, in Spain and France the Company operates its own brands La Tagiatella, Trastevere and il Pastificcio. It also operates PizzaPortal.pl, an online portal for ordering food from various restaurants. The Company operates through subsidiaries, such as AmRest Sp z o o, AmRest sro, AmRest doo, AmRest Adria doo, Blue Horizon Hospitality Group PTE, AmRest TAG SL, SC Marinopoulos Coffee Company III Srl and Marinopoulos Coffee Company Bulgaria EOOD, among others.
AMREST HOLDINGS SE 
