DGAP-Adhoc: Vapiano adjusts outlook for 2018 financial year

2018. november 27., kedd, 20:08





DGAP-Ad-hoc: VAPIANO SE / Key word(s): Change in Forecast


Vapiano adjusts outlook for 2018 financial year


27-Nov-2018 / 20:08 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 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



 



 











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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





 
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