Poland · Delayed Price · Currency is PLN AmRest Holdings SE Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw a 1.5% revenue decline and negative net profit amid inflation and geopolitical headwinds, but cash generation and digital sales improved. CEE remained resilient, while Czechia faced a 20% sales drop, with recovery initiatives underway.
Fiscal Year 2025
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Revenue grew 2.4% to nearly EUR 2.6 billion, with net profit up to EUR 80 million and EBITDA margin at 15.9%. Central & Eastern Europe led growth, while Western Europe and China faced headwinds. 2026 guidance targets mid-single digit growth, improved profitability, and continued digital and portfolio optimization.
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Record Q3 revenues and resilient margins were achieved despite macroeconomic headwinds and weak consumer confidence. Central & Eastern Europe outperformed, while France and China faced challenges. Guidance was revised for lower growth and margin improvement, with disciplined capital allocation maintained.
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H1 2025 revenue grew 2.5% year-over-year to EUR 1,262 million, with strong performance in Central and Eastern Europe and robust digital adoption. Guidance for 2025 is maintained, though some new store openings may shift to 2026. Leverage remains low, supporting selective growth and potential acquisitions.
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Revenue grew 4.7% year-over-year to EUR 620 million, with adjusted EBITDA up 6.5% and a net loss of EUR 8.7 million due to extraordinary costs. Central & Eastern Europe, especially Poland, drove growth, while Western Europe and China showed mixed results. Leverage and liquidity remain stable.
Fiscal Year 2024
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Record revenue and EBITDA were achieved in 2024, with strong growth in CEE and margin expansion across segments. Net profit declined due to impairments and higher costs, but leverage improved and the first dividend was paid. 2025 guidance targets stable margins and continued growth.
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Record quarterly sales and EBITDA growth driven by strong CEE performance, especially in Poland, while Western Europe and China faced macro headwinds. Margin expansion was aided by tax refunds and cost moderation, with net debt reduced and liquidity strengthened.
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Revenue grew 5.2% year-over-year to €1.2 billion in H1 2024, with EBITDA up 13% and margin expansion driven by efficiency and moderating inflation. Despite a €44 million goodwill impairment for Sushi Shop, strong results in Spain and Poland offset weakness in France and Germany.