News Detail

Vapiano adjusts outlook for 2018 financial year

Cologne, November 27, 2018 - The Management Board of Vapiano SE (ISIN: DE000A0WMNK9, stock exchange symbol: VAO) today adjusted its forecast for the fiscal year 2018. For 2018, the Management Board now expects net sales to grow by 15% to 19% year-on-year to EUR 375 to 385 million (previously: EUR 385 to 400 million) and like-for-like growth between -0.5% and 0.5% (previously: between 0% and 1%). Adjusted EBITDA is expected to reach EUR 34 to 38 million (previously: EUR 42 to 47 million). The number of new store openings in 2018 was specified to 32 to 34 locations (previously: 33 to 38).

The main reasons for the outlook adjustment are the lower than expected sales development in the segment Europe as well as the slower ramp-up of some newly opened restaurants.

The Vapiano nine-month figures and the interim report for the first three quarters of 2018 will be published tomorrow, November 28, 2018.

Investor Relations contact:
Dr. Andrea Rolvering
Mobile: +49 151 5445 9750
Phone: +49 221 67001 301
Email: a.rolvering@vapiano.eu

Financial and business press:
Dariusch Manssuri, IR.on AG
Mobile: +49 173 566 2776
Phone: +49 221 9140 975
Email: dariusch.manssuri@ir-on.com