Amrest hospitality in for better business
July 22, 2014
Fast food operator AmRest should enjoy a further improvement in terms of results in H2, DM PKO BP analyst Wlodzimierz Giller said after AmRest released preliminary Q2 preliminary sales.
AmRest recorded PLN 718.1 million sales revenues in Q2 2014, up by 8.0% y/y, including PLN 417.1 million sales in the CEE region, up by 5.6 y/y, the firm said in a market filing citing preliminary figures.
Single digit growth should continue into H2, Giller said. The group is apparently improving both revenues and earnings, he said adding he sees 2014 EBITDA growth by over 20% as "realistic".