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Business in Vapiano is worse than expected
KLN. The German restaurant chain Vapiano continues to meet the expectations of companies. For 2018, only a turnover of 375 to 385 million euros is expected, announced the company Tuesday evening.
Image: Reuters
That would be 15 to 19% more than the year before, but less than the last promised from 385 to 400 million euros.
Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) between 34 and 38 million euros should also be lower than the projected 42 to 47 million euros. In addition, Vapiano will open fewer restaurants than expected.
The lower outlook is due to the lower than expected sales growth in Europe and the unplanned development of some recently opened restaurants. Vapiano had lowered the forecast for the last time in September. The company was launched on the market in June 2017 at 23 euros per share. In the meantime, the papers are worth only about 7 euros. Rumors that Vapiano should be taken in view of the fall in prices of Brse, had recently denied.
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