Despite the economic downturn, AmRest, the operator of KFC, Pizza Hut and Burger King, posted healthy results in H1 2010. Sales revenues totaled to PLN 982.1m (€246m) in comparison to around PLN 1bn (€250m) in H1 2009, while net profit equaled to PLN 23.9m (€6m), reflecting a PLN 2.4m (€601,000) decline year on year. The decrease in results is the effect of the stronger Polish zloty versus the US dollar.
In H1 2010, the company, which operates in the USA and in the region of Central and Eastern Europe, reported the highest margin profit of 14.4% in Poland.
In the next several years, the company expects to increase its sales revenues by 20% a year in the region of Central and Eastern Europe. At present, the operator does not plan any acquisitions; it does, however, constantly monitor the market for potential takeovers.
At present, AmRest manages 443 establishments worldwide. In total, it plans to open up to 60 restaurants in 2010 and 100 in 2011. To date, the operator opened 15 new restaurants in 2010, mainly in Poland.
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