Poland · Delayed Price · Currency is PLN AmRest Holdings SE Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 2.4% to €2.6B with net profit up to €80M, driven by strong CEE performance and digital sales. 2026 guidance targets mid-single digit growth, improved profitability, and continued portfolio optimization. Leverage remains low and CapEx efficiency is improving.
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Record Q3 revenues and solid margins were achieved despite macro headwinds and weak consumer confidence, with strong growth in Central/Eastern Europe offsetting declines in France and China. Guidance was revised to low single-digit sales growth and a slightly higher EBITDA margin for 2025.
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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 over EUR 620 million, with adjusted EBITDA up 6.5% and a margin of 14.2%. Net profit was a loss of EUR 8.7 million due to extraordinary items, while strong growth in Poland and digitalization initiatives supported performance.
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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Q3 2024 saw record sales and double-digit EBITDA growth, driven by strong CEE performance and tax refunds, while Western Europe and China faced headwinds. The group exited Pizza Hut France and maintained a low leverage ratio, with positive cash flow and ongoing portfolio optimization.
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Revenue and EBITDA reached record highs in H1 2024, driven by strong growth in Poland and Spain, while France and Germany underperformed. A €44 million goodwill impairment, mainly for Sushi Shop, impacted operating profit, but margin expansion and digitalization supported overall resilience.