DGAP-Adhoc: Vapiano adjusts outlook for the 2018 financial year

2018. szeptember 04., kedd, 17:44





DGAP-Ad-hoc: 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.



 



Investor Relations Contact:

Dr. Andrea Rolvering

Cellphone: +49 151 5445 9750

Phone: +49 221 67001 301 Phone: +49 221 9140 975

Email: a.rolvering@vapiano.eu



Financial and Business Press:

Dariusch Manssuri, IR.on AG

Cellphone: +49 173 566 2776

Phone: +49 221 9140 975

Email: dariusch.manssuri@ir-on.com











04-Sep-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

























Language: English
Company: VAPIANO SE

Im Zollhafen 2-4

50678 Cologne

Germany
Phone: +49 (0) 221 67001-0
Fax: +49 (0) 221 67001-205
E-mail: info@vapiano.eu
Internet: www.vapiano.com
ISIN: DE000A0WMNK9
WKN: A0WMNK
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




720585  04-Sep-2018 CET/CEST







fncls.ssp?fn=show_t_gif&application_id=720585&application_name=news&site_id=geo_holding_tug
Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.