AmRest stock reports EUR 1.23 billion in H1 sales

Published on 10/01/2026 at 04:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AmRest generated EUR 177.7 million of H1 EBITDA at a 14.4 percent margin on September 3, 2026. Operating cash flow rose to EUR 186.1 million.

AmRest, ES0109429037, Illustration mit AI erstellt.

AmRest stock (ISIN ES0109429037) is anchored by EUR 1.23 billion in first-half 2026 revenue and a sharper cash-generation profile. According to AmRest on September 3, 2026, the group kept second-quarter sales broadly stable year over year while reporting pressure on profitability.

Cash flow improves while debt falls

Operating cash flow reached EUR 186.1 million in H1 2026, up from EUR 159.1 million in H1 2025. Second-quarter operating cash flow alone rose by EUR 17.5 million year over year to EUR 123.5 million, giving the results a clear cash-conversion angle.

Net financial debt fell by EUR 13.2 million during the first half to EUR 505.1 million, and the net debt to EBITDA ratio stood at 2.5 times. Capital expenditure was EUR 46.1 million, EUR 23.6 million below the prior-year period, reflecting tighter capital allocation.

Margins expose the pressure

H1 EBITDA was EUR 177.7 million, down from EUR 189.4 million in H1 2025, while the margin was 14.4 percent versus 15.0 percent. In the second quarter, EBITDA fell to EUR 100.9 million from EUR 107.7 million, although revenue reached EUR 641.9 million and net profit was EUR 3.9 million.

The operating picture is uneven across regions. Central and Eastern Europe generated EUR 406.9 million of Q2 revenue, up 1.8 percent, but its EBITDA margin declined by 1.0 percentage point to 18.8 percent. Western Europe revenue fell 3.2 percent to EUR 212.5 million, while China produced EUR 22.5 million of quarterly revenue and a 19.8 percent EBITDA margin.

Guidance shifts toward modest growth

As Investing.com reported on September 4, 2026, management now expects 2026 revenue and profitability growth to be slightly positive rather than single-digit. The change reflects slower consumer traffic recovery and continuing operating-leverage pressure in selected markets.

AmRest operated 2,133 restaurants across 22 countries at June 30, 2026, after opening 29 locations in the first half. The planned Taco Bell launch in Poland adds a measurable expansion project, with first openings scheduled for the fourth quarter of 2026.

EUR 1.40 remains the prior close

At Lang & Schwarz, the prior close was EUR 1.40 for September 29, 2026; the related quote timestamp was September 30, 2026 at 10:59 p.m. CEST. The market reference puts the latest reported operating figures ahead of any same-day price direction.