Vapiano SE Reports Earnings Results for First Quarter Ended March 31, 2018; Confirms Earnings Outlook for the Year 2018
May 23, 2018 at 11:00 am IST
Vapiano SE reported earnings results for first quarter ended March 31, 2018. For the period, the company's group sales were 86.3 million against 75.4 million a year ago. Adjusted EBITDA was 9.3 million against 7.0 million a year ago. Adjusted profit for the period was 0.5 million against loss of 1.4 million a year ago. Adjusted earnings per share were 0.02 against loss of 0.07 a year ago. Reported loss for the period was 4.1 million against 7.0 million a year ago. Reported loss per share was 0.14 against 0.34 a year ago. Cash flow from operating activities before taxes and interest was 2.8 million against 7.0 million a year ago. Investment in tangible and intangible assets was 14.4 million against 16.2 million a year ago. Net debt as on March 31, 2018 was 128.2 million against 116.2 million as on March 31, 2017. The increase in sales resulted primarily from the positive performance of the Rest of Europe segment, which grew by 26.9%, mainly driven by the numerous new restaurant openings in 2017.
The Management Board of company confirmed its guidance for the 2018 financial year and its estimates for sales of between 390 million and 420 million and like-for-like growth of between 1% and 3%. Adjusted EBITDA is expected to increase to between 48 million and 54 million.