Q1 2018 Results Announcement
15 May 2018
In the first quarter 2018("Q1" or the "Period"),Telepizza delivered solid growth, with Group system sales up 15.2%, supported by a solid performance in Core International geographies (+40%, including negative FX impact), thanks to the significant horizontal expansion due to the inclusion of Apache Pizza.
Spain performance remains on track in Q1, with total system sales growth of 4. 3% for the Period, of which 2.1% is LFL growth.
Core International (excluding Master Franchises) delivered a 40% system sales growth (45% growth in constant currency), including an 6.9% LFL growth, 38.3% of new space growth and a 5.4% negative FX impact. The performance was strong across geographies, highlighting the inclusion of Apache Pizza in Ireland.
In the Period, there was increase in Net Profit (excluding extraordinary items) of3.1% to €9.1 million. The Reported Net profit includes the effect of extraordinaryitems in the quarter, declining 7.0% year-on-year to €8.2 million.
Telepizza Group:
We are the largest non-U.S.-basedpizza delivery company in the world by number of stores. Headquartered in Madrid, Spain, Telepizza operates in more than 20 countries through a network of own stores, franchisees and master franchisees, with 1,614 stores globally, including 423 own stores (26%) and 1,191 franchised and master franchised stores (74%) as of 31 March, 2018.
Including our U.S.-based competitors, we are the fourth largest global player in pizza delivery in terms of number of stores. We are the market leader in our core markets by number of stores (number one in Spain, Portugal, Chile and Colombia and number two in Poland).
Telepizza listed on the Barcelona, Bilbao, Madrid and Valencia stock exchanges with its shares starting trading on 27 April 2016. The total number of shares is 100,720,679.
ISIN: ES0105128005 / Symbol: TPZ
Webcast
There will be a webcast and conference call presentation on these results on Wednesday 16thof May at 13.30 PM Central European Summer Time (12:30 GTM). To access the webcast and obtain the call details, use the link:
http://view-w.tv/988-1404-19755/en
For further information:http://www.telepizza.com/en/Analysts and Investors:+34 91 6576200investors@telepizza.com
Media:
Telepizza (Miguel Justribó) + 34 626 338 993miguel.justribo@telepizza.com
Group's situation and business performance
€m (unless otherwise stated) | Q1 2018 | Q1 2017 | % change |
Group system sales
Core Geographies1system sales
Core Geographies1constant currency sales growth (%)
Core Geographies1LFL sales growth (%)
158.6
150.6
137.7
130.3
15.2% 15.6%
17.4%
3.6%
Spain system sales | 92.6 | 88.8 | 4.3% |
2.1%
LfL sales growth (%)International system sales
Core International1system sales
65.9
58.0
48.9
41.5
35.0% 39.7%
Core International1constant currency sales growth (%) | 45.1% |
6.9%
Core International1LFL sales growth (%)
90.1
89.1
1.1%Revenue
Constant currency revenue growth (%) | 2.6% |
Group Underlying EBITDA2
1.Excluding Master Franchises
2.Q1 2018 adjusted for €0.9 million of corporate deal extraordinary costs
18.1
17.9
1.0%
Financial performance1
€m (unless otherwise stated) | Q1 2018 | Q1 2017 | % variación |
Total revenues | 90.1 | 89.1 | 1.1% |
Underlying EBITDA | 18.1 | 17.9 | 1.0% |
-0.9
Corporate deal extraordinary costs
-
n.m.
Reported EBITDA | 17.2 | 17.9 | -4.0% |
Depreciation (excl. PPA amortisation)
PPA amortisation
Net financial income / (expense)
Exchange differences
Other1
Income tax
Minority interest
-3.1
-2.9 6.3%
-1.1
-1.5 -26.2%
-1.9
-1.8 7.6%
0.2
0.3 -29.5%
-0.3
-0.3
n.m.
-2.8
-3.1
-9.8%
-0.1
0.0
n.m.
Results for the period | ||
8.2 | 8.8 | -7.0% |
Results for the period (excluding extraordinary items) | ||
9.1 | 8.8 | 3.1% |
1Includes losses on sale of PP&E.
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Disclaimer
Telepizza Group SA published this content on 15 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2018 22:07:00 UTC