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BRIEF-Vapiano H1 2017 net sales up 41 pct at EUR 153.6 million​
September 6, 2017 / 5:33 AM / in 3 months

BRIEF-Vapiano H1 2017 net sales up 41 pct at EUR 153.6 million​

Sept 6 (Reuters) - VAPIANO SE

* ‍H1 2017 NET SALES UP 41% TO EUR 153.6 MILLION​

* H1 ‍ADJUSTED EBITDA INCREASES SIGNIFICANTLY BY 52.5% TO REACH EUR 15.9 MILLION​

* FY 2017 FORECAST SUBSTANTIATED

* ‍PLANS TO OPEN BETWEEN 25 AND 30 NEW RESTAURANTS IN 2017, FOCUSING ON CORE EUROPEAN MARKETS INCLUDING GERMANY, AUSTRIA, NETHERLANDS, GREAT BRITAIN, SWEDEN AND FRANCE​

* OUTLOOK 2017: NET SALES ARE EXPECTED TO RISE TO BETWEEN EUR 315 AND 335 MILLION IN 2017 (AN INCREASE OF 24% TO 33% COMPARED TO 2016)

* ‍FY ADJUSTED EBITDA EXCLUDING PRE-OPINING COSTS, IS EXPECTED TO INCREASE FURTHER TO REACH BETWEEN EUR 38 MILLION AND EUR 40 MILLION​

* OUTLOOK 2017: LIKE-FOR-LIKE SALES PROJECTED TO INCREASE BY BETWEEN 3% AND 5% Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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