Edition:
United Kingdom

Vapiano SE Announces Forecast For The Fiscal Year 2019


Monday, 17 Jun 2019 

June 17 (Reuters) - Vapiano SE ::DGAP-ADHOC: VAPIANO SE PUBLISHES FORECAST FOR THE FISCAL YEAR 2019.EXECUTIVE BOARD EXPECTS NET SALES BETWEEN EUR 390 AND 420 MILLION FOR FY 2019.NET INCOME FOR 2019 FINANCIAL YEAR WILL IMPROVE AGAINST PRIOR YEAR SIGNIFICANTLY BUT WILL STILL BE NEGATIVE IN MID DOUBLE-DIGIT MILLION RANGE.SEES ADJUSTED EBTIDA IN RANGE OF EUR 20 MILLION TO 25 MILLION (EXCLUDING IFRS 16) AND EUR 60 MILLION TO 67 MILLION (INCLUDING IFRS 16) FOR CURRENT YEAR.IN MEDIUM TERM, EXECUTIVE BOARD EXPECTS A POSITIVE FREE CASH FLOW IN 2020 AND A POSITIVE CONSOLIDATED RESULT IN 2021.VAPIANO -PLANS TO OPEN 10 TO 15 NEW RESTAURANTS IN THE YEAR, SIGNIFICANTLY SLOWING EXPANSION WITH CONTINUED FALL IN LIKE-FOR-LIKE SALES, BELOW 2018 LEVEL. 

Company Quote

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18 Jul 2019