• ISIN: DE000A0WMNK9
  • Country: Germany

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Vapiano adjusts outlook for the 2018 financial year

VAPIANO SE / Key word(s): Change in Forecast
Vapiano adjusts outlook for the 2018 financial year

04-Sep-2018 / 17:44 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Vapiano adjusts outlook for the 2018 financial year

Cologne, September 4, 2018 - The Management Board of Vapiano SE (ISIN: DE000A0WMNK9, ticker symbol: VAO) decided today to adjust its outlook for the 2018 financial year. The Management Board now expects an increase in net sales in 2018 of between 19% to 23% year-on-year to EUR 385 to 400 million (previously: between EUR 390 and 420 million) and a like-for-like growth of between 0% and 1% (previously: between 1% and 3%). Adjusted EBITDA is expected to increase by 8% to 21% to EUR 42 to 47 million (previously: EUR 48 to 54 million).

These adjustments are in particular due to the significantly weaker development in Sweden, which led the Management Board to initiate personnel and operational changes in this important European market, and the exceptionally long and hot summer in Europe, which led to a decline in footfall frequency in the European city centres. Taking into consideration the measures already initiated in Sweden in the first quarter of 2018, the Management Board expects a positive development in the Swedish joint venture latest in the first quarter of 2019 and confirms its long-term growth plans and the associated achievement of a positive net income by 2020.

The Vapiano half-year figures and the interim report for the first half of 2018 will be published on September 12, 2018.


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