AmRest hospitality eyes similar EBIDTA margin y/y and over EUR 200 mln capex in 2023
Restaurant operator AmRest eyes double-digit sales growth and similar EBIDTA margin y/y in 2023, while capex should exceed EUR 200 mln, the company said in earnings presentation.
The company hopes cost pressure will ease in the coming quarters, though it will stay at elevated levels, the presentation also read.
Net debt to EBITDA ratio is planned in 2.0-2.5x range, AmRest noted.
In 2022 AmRest recorded EBITDA margin of 16%, while revenues rose by 26% to EUR 2.42 bln. Capex stood at EUR 149 mln.
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