Restamax Plc: RESTAMAX TO CONTINUE EVALUATING THE LISTING OF ITS SUBSIDIARY SMILE HENKILÖSTÖPALVELUT OY ON NASDAQ HELSINKI LTD'S STOCK EXCHANGE
Restamax Plc
STOCK EXCHANGE RELEASE 11 JUNE 2018 at 15:00
RESTAMAX TO CONTINUE EVALUATING THE LISTING OF ITS SUBSIDIARY SMILE HENKILÖSTÖPALVELUT OY ON NASDAQ HELSINKI LTD'S STOCK EXCHANGE
On 13 March 2018, Restamax Plc announced that it would review and evaluate the listing of the labour hire business comprising its subsidiary Smile Henkilöstöpalvelut Oy and its subgroup on the Nasdaq Helsinki Ltd Stock Exchange. Restamax's Board of Directors has today 11 June 2018 decided to continue the evaluation work.
"The evaluation work launched by our Board of Directors on the possibility of stock exchange listing has proceeded well. As part of the evaluation work, our company will meet Smile Henkilöstöpalvelut's potential new investors," says Chairman of the Board Timo Laine.
In 2017, the turnover of Restamax Plc's labour hire business was MEUR 75.6, up 121.5% on the previous year, EBITDA was MEUR 6.6, an increase of 91.9% on the previous year, and operating profit was MEUR 3.8, an increase of 140.1% on the previous year. Smile Henkilöstöpalvelut has been part of the Restamax Group since August 2014.
Restamax's goal is to reach a turnover of approximately MEUR 400 by the end of 2020 after internal eliminations. The goal of the restaurant segment is to reach a turnover of approximately MEUR 200 and the goal of the labour hire segment is to reach a turnover of approximately MEUR 220 by the end of 2020.
RESTAMAX PLC
Board of Directors
Additional information:
Timo Laine, Chairman of the Board of Directors, Restamax Plc, tel. +358 400 626 064
Jarno Suominen, CFO, Restamax Plc, tel. +358 40 721 5655
Distribution:
NASDAQ Helsinki
Major media
www.restamax.fi
Restamax Plc is a Finnish restaurant business and labour hire services group established in 1996. The company, which was listed on NASDAQ Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include more than 130 restaurants, nightclubs and entertainment centres all over Finland. Well-known restaurant concepts of the Group include Stefan's Steakhouse, Viihdemaailma Ilona, Classic American Diner and Colorado Bar & Grill. In 2017, Restamax Plc's turnover was MEUR 185.9 and EBITDA MEUR 22.4. Depending on the season, the Group employs approximately 2,400 people converted into full-time workers. Restamax's subsidiary Smile Henkilöstöpalvelut Oy employs approximately 9,000 people per month.
Restamax company website: www.restamax.fi, Restamax consumer website: www.ravintola.fi, Smile Henkilöstöpalvelut: www.smilepalvelut.fi