AmRest Holdings SE ( (ARHOF) ) has released its Q3 earnings. Here is a breakdown of the information AmRest Holdings SE presented to its investors.
AmRest Holdings SE is a leading independent chain restaurant operator in Central and Eastern Europe, also conducting operations in Western Europe and China, managing brands like KFC, Pizza Hut, Burger King, and Starbucks through franchise agreements. In Q3 2024, AmRest reported record quarterly revenues of EUR 659.5 million, reflecting a 4.2% increase compared to the previous year, supported by growth in Central and Eastern Europe despite challenges in Western Europe and China. The company also saw an increase in EBITDA by 13.0% to EUR 125.3 million, with an improved margin of 19.0%, although net profit for the first nine months was significantly lower than the previous year’s due to an extraordinary impairment recorded earlier. The company opened 21 new restaurants in the quarter, bringing the total to 2,185, while divesting its Pizza Hut operations in France. Looking forward, AmRest’s management remains cautious given high geopolitical tensions and restrictive global financial conditions, though they continue to monitor impacts closely to navigate these challenges.
