Italo Vapiano chain writes millions of losses in Austria



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This company does not like investors. L & # 39; German chain of restaurants

Vapianothis too Austria big butt, row at the the expectations of companies further back. For the current exercise, only one turnover figure should grow from 375 to 385 million euros, the company said. That would be 15 to 19% more than the year before, but less than the last promised from 385 to 400 million euros.

The current result before interest, taxes, depreciation and amortization (Ebitda) should also be 34 to 38 million euros lower than the projected 42 to 47 million euros. In addition, will be Vapiano open fewer restaurants than advertised. The shares of the German restaurant chain fell Wednesday by 10% to 6.85 euros.

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Austria did that Vapiano restaurant Betriebs- und Beteiligungs GmbH has announced an operating loss of 1.732 million euros in 2017, a loss of 3.73 million euros for the previous financial year and own funds negative 3.853 million euros. Commitments amount to 29.633 million euros. Of this amount, 28,311 million euros are attributable to related companies. the turnover figure There is no information, the gross result is estimated at 19.9 million euros.

Since June 2017 on the stock market

The decline in the outlook is explained by the weaker than expected evolution of sales in

Europe as well as the unplanned development of some newly opened restaurants. Vapiano had lowered the latest forecast 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 7 euros. rumors Vapiano The company has recently been denied the withdrawal from the stock market because of lower prices.

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