Vapiano SE Announces Earnings Results for the Third Quarter and Nine Months of 2017; Provides Earnings Guidance for the Full Year of 2017
The first nine months of 2017, net sales amounted to EUR 235.9 million compared to EUR 171.7 million a year ago. Adjusted EBITDA was up 64% to reach EUR 26.4 million compared to EUR 16.1 million a year ago. Cash flow from operating activities was EUR 7.2 million compared to EUR 2.0 million a year ago. Equity ratio was 41.8%
The company full-year guidance of EUR 315 EUR 335 million in net sales with an adjusted EBITDA of EUR 38 EUR 40 million. Like-for-like growth for the full-year is expected to be between 4% - 5%, at the upper end of the 3% - 5% forecast.