Turnover of 400 million euros not achieved: For the second time after September, the restaurant chain Vapiano must correct the numbers for the business expectations downwards.
No question: sales between 375 and 385 million euros for 2018 sounds phenomenal . In the case of the restaurant chain Vapiano, this is unfortunately not because the company had expected up to 400 million euros in sales . Therefore, those responsible can not look forward to the sales increase of 15 to 19 percent compared to the previous year.
Vapiano currently operates 220 restaurants in 33 countries [as of 30 September 2018].
Business expectations down for the second time Corrected
The renewed correction, which took place on Tuesday [27. November] is already the second this year . Already in September, Vapiano had to lower its sales forecasts. The managers announced that they had increased sales by 15 percent to 271.4 million euros from January to September thanks to new restaurants and takeovers. At the same time, however, revenues fell by 0.3 percent.
Of course, the worse-than-expected business will have an impact on the share value of the brand . If the company started trading at € 23 per share in June 2017, the securities are now worth only € 6.83 - a loss of 10.2 Percent. Investors are particularly worried about the growth forecasts, which were scaled back like business expectations: Instead of having 33 to 38 new branches, only 32 to 34 new branches are expected in the coming months.
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