ALSEA, S.A.B. DE C.V. Mexico City, November 3, 2017 - Alsea, S.A.B. de C.V. (BMV: ALSEA*), the leading Quick Service Restaurant (QSR), Coffee Shop, Casual Dining and Family Restaurant operator in Latin America and Spain, announced its estimates for the year 2018.
Alsea: 2018 GuidanceSales | Low to mid double digit growth |
EBITDA | Low to mid double digit growth |
EBITDA Margin | Close to 14% |
CAPEX | Approximately 4.0 billion pesos (organic growth) |
Corporate unit openings | Between 190 to 210 |
Sub-franchise unit openings | Between 50 to 60 |
Total unit openings | Between 240 to 270 |
Net Debt / EBITDA | Between 2.2 to 2.4 times (without the call and put option of Grupo Zena) |
Rafael Contreras, Finance and Administration Director at Alsea commented: "In 2018, Alsea will continue with the growth strategy of its different brands and countries, aiming to achieve a low to mid double digit growth in consolidated sales, supported by an expansion in same store sales of a mid to high-single digit as well as to an organic growth plan of more than 190 corporate openings."
Regarding EBITDA growth, the company estimates a low to mid double digit growth with a margin close to 14%, contemplating an approximately capital investment of 4.0 billion pesos without the call and put option of Grupo Zena in 2018. The company confirms its commitment to achieve the objectives set for 2022.
DisclaimerThis press release contains certain forward-looking statements that reflect the current views and/or expectations of Alsea and its management with respect to its performance, business and future events. We use words such as "believe", "anticipate", "plan", "expect", "intend", "target", "estimate", "project", "predict", "forecast", "guideline", "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Alsea is under no obligation and expressly disclaims any intention or obligation to update or revised any forward-looking statements, whether as a results of new information, future events or otherwise.
About AlseaAlsea is the leading restaurant operator in Latin America and Spain of global brands in the quick service, coffee shop, casual and family dining segments. It has a diversified portfolio, with brands such as Domino's Pizza, Starbucks, Burger King, Chili's, California Pizza Kitchen, P.F. Chang's, Italianni's, The Cheesecake Factory, Vips, El Portón, Archie's, Foster's Hollywood, LAVACA and Cañas y Tapas. The company operates more than 3,350 units and has more than 68,600 employees in Mexico, Argentina, Chile, Colombia, Brazil and Spain. Alsea's business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain.
For more information, visit: www.alsea.com.mx
Its shares are traded on the Mexican Stock Exchange under the ticker symbol ALSEA* Salvador Villaseñor BarragánInvestor Relations Telephone: (5255) 7583-2000 ri@alsea.com.mx
Alsea SAB de CV published this content on 03 November 2017 and is solely responsible for the information contained herein.
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