Vapiano SE reported earnings results for first quarter ended March 31, 2018. For the period, the company's group sales were €86.3 million against €75.4 million a year ago. Adjusted EBITDA was €9.3 million against €7.0 million a year ago. Adjusted profit for the period was €0.5 million against loss of €1.4 million a year ago. Adjusted earnings per share were €0.02 against loss of €0.07 a year ago. Reported loss for the period was €4.1 million against €7.0 million a year ago. Reported loss per share was €0.14 against €0.34 a year ago. Cash flow from operating activities before taxes and interest was €2.8 million against €7.0 million a year ago. Investment in tangible and intangible assets was €14.4 million against €16.2 million a year ago. Net debt as on March 31, 2018 was €128.2 million against €116.2 million as on March 31, 2017. The increase in sales resulted primarily from the positive performance of the Rest of Europe segment, which grew by 26.9%, mainly driven by the numerous new restaurant openings in 2017.

The Management Board of company confirmed its guidance for the 2018 financial year and its estimates for sales of between €390 million and €420 million and like-for-like growth of between 1% and 3%. Adjusted EBITDA is expected to increase to between €48 million and €54 million.