The Vapiano restaurant chain writes red numbers

The German restaurant chain Vapiano continues to boast of its commercial expectations. For 2018, only a turnover of 375 to 385 million euros is expected, announced the company yesterday. That would be 15 to 19% more than the year before, but less than the last promised from 385 to 400 million euros.

Profit before interest, tax, depreciation and amortization, between 34 and 38 million euros, is also expected to be lower than expected, ie 42 to 47 million euros. In addition, Vapiano will open fewer restaurants than expected. The decline in the outlook is due to the lower expected sales growth in Europe and the unplanned development of some newly opened restaurants.

Vapiano had lowered the forecast for the last time in September. The company was launched in June 2017 on the stock market with 23 euros per share. In the meantime, the papers are worth only about seven euros. Rumors that Vapiano should be removed from the stock market due to lower prices, had recently denied the group.