Q1 2026 Amrest Holdings SE Earnings Call Transcript
Key Points
- Amrest Holdings SE (FRA:1QT) reported a strong improvement in free cash flow, with net cash from operations increasing by EUR9.5 million.
- The company maintained a healthy leverage ratio of 2.6 times, indicating a stable financial position.
- Amrest Holdings SE opened 12 new restaurants during the quarter, contributing to a total of 89 gross openings over the last 12 months.
- Digital sales remain robust, accounting for over 60% of total sales, reflecting a structural shift in consumer behavior.
- The company demonstrated resilience in challenging conditions, with EBITDA reaching EUR77 million, representing a 13% margin.
- Revenues declined by 1.5% year-over-year on a constant basis, excluding the SEM subsidiary disposal.
- Net profit was negative at EUR17.3 million for the quarter, impacted by lower sales leverage and non-operational factors.
- The Czech market faced significant challenges, with sales underperforming due to negative consumer sentiment and operational issues.
- Inflation and geopolitical risks, particularly the conflict in Iran, contributed to a volatile macro environment, affecting consumer sentiment.
- The company experienced a decline in drive-through sales due to rising fuel prices, impacting mobility patterns.
Hello, everyone, and thank you for joining the AmRest first-quarter 2026 results call. My name is Lucy, and I'll be coordinating your call today. (Operator Instructions)
It is now my pleasure to hand over to your host, Lukasz Wachelko, from Wood & Co to begin. Please go ahead.
Good afternoon, ladies and gentlemen. My name is Lukasz Wachelko, and I am representing Wood & Company. I have again the pleasure of moderating the call with AmRest after they reported the results.
The component is being represented by CFO, Mr. Eduardo Zamarripa; and IRS Strategic Director, Mr. Santiago Camarero Aguilera.
Gentlemen, mic is yours.
Thank you, Lukasz. Good afternoon and thank you for joining us. We appreciate your time and continued interest in Amrest. I'm delighted to be with you today. Joining me is our Head of Strategy and IR, Santiago Camarero.
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