Preliminary consolidated financial results of the Capital Group Mex Polska SA for the first quarter of 2018:
Revenues: PLN 13,721,992.55
Group's net profit: PLN 413,096.51.
Net profit of the parent: PLN 520 701.53.
Initial individual financial results of Mex Polska SA for the first quarter of 2018:
Revenues: PLN 813,108.03
Group net profit: PLN 233 101.53
Factors that had the greatest impact on the level of revenues and profits achieved in the first quarter of 2018 The seasonality of sales is characteristic for the catering industry, which is the lowest in the first quarter of each year. In relation to the results achieved in the first quarter of the previous year, lower sales revenues result mainly from the shift of the Easter period, which in 2017 occurred in the second quarter, and this year in the first quarter. Traditionally, the pre-Christmas and holiday period in the catering industry is characterized by a very low turnover in relation to the remaining period. The reported lower revenues had a direct impact on the profits achieved, lower than in the corresponding period of the previous year. An additional factor affecting the level of revenues was the closure in the fourth quarter of 2017 of The Mexican restaurant in Wrocław and the change in the rules for running a Vodka and Beer Pijalnia in Sosnowiec, where the premises are currently operated by the franchisee as part of individual business operations and its revenues are not consolidated by Capital Group Mex Polska SA
The financial results achieved are in line with the Group's plans adopted in the first quarter of 2018.
The final details of the results achieved in the first quarter of 2018 will be published in the consolidated quarterly report on 15 May 2018.
Automatic translation of the announcements.