AmRest Holdings SE ( (ARHOF) ) has released its Q4 earnings. Here is a breakdown of the information AmRest Holdings SE presented to its investors.
AmRest Holdings SE is a leading independent restaurant operator in Central and Eastern Europe, with a presence in Western Europe and China, managing popular brands like KFC, Pizza Hut, Burger King, and Starbucks through franchise agreements. The company also operates its own brands, including La Tagliatella and Blue Frog.
AmRest Holdings SE reported its financial results for the year ending December 31, 2024, showing a modest increase in total revenue to EUR 2,556.3 million from EUR 2,431.6 million in the previous year. The company faced a decline in net profit, which fell to EUR 13.5 million from EUR 50.9 million in 2023, primarily due to increased expenses and impairment losses.
Key financial highlights include a rise in restaurant sales to EUR 2,397.0 million, while franchise and other sales slightly decreased. The company experienced higher operating costs, with significant increases in payroll and occupancy expenses. Despite a gross profit increase to EUR 323.1 million, net profit was impacted by higher finance costs and income tax expenses.
AmRest’s management remains focused on strategic growth, including the expansion of its own brands and optimizing its franchise operations. The company continues to navigate challenges in the restaurant industry, including cost pressures and market dynamics, while exploring opportunities for growth in new and existing markets.
Looking ahead, AmRest Holdings SE aims to strengthen its market position by leveraging its diverse brand portfolio and expanding its footprint in key regions. The company is committed to enhancing operational efficiency and delivering value to its shareholders.