AmRest stock weighs cash flow gains against softer H1 sales
Published on 09/24/2026 at 23:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
AmRest stock weighed cash flow gains against softer first-half sales as the restaurant operator stood at PLN 9.90 on the Warsaw Stock Exchange on September 23, 2026, down 1.00 percent. The company reported EUR 641.9 million in second-quarter revenue and EUR 100.9 million in EBITDA for the period.
Cash flow improves in Q2
According to AmRest in its September 3, 2026 release, operating cash flow reached EUR 123.5 million in the second quarter. That was EUR 17.5 million higher than in Q2 2025, creating the clearest numerical improvement in the report.
The cash flow result matters because Q2 revenue was broadly stable year over year, while EBITDA reached EUR 100.9 million and the EBITDA margin stood at 15.7 percent. The combination points to stronger cash conversion even as sales growth remained limited.
H1 sales fall 2.5 percent
AmRest reported EUR 1,230.6 million in revenue for the first half of 2026, a 2.5 percent decline from EUR 1,261.9 million in the first half of 2025. Net profit for the second quarter reached EUR 3.9 million, according to the company release.
Expansion continued during the period. AmRest opened 29 restaurants in the first half and operated 2,133 locations, giving the group a larger operating base despite the lower H1 revenue figure.
Stock stays near September levels
At PLN 9.90 on September 23, 2026, AmRest stock remained below the PLN 13.35 average target price shown in the September market overview. The stock price and the reported cash flow improvement now frame the investor debate around execution, margin protection and the pace of sales recovery.
AmRest Holdings SE at a glance
- Company: AmRest Holdings SE
- Ticker: EAT
- Trading venue: Warsaw Stock Exchange
- Price as of September 23, 2026: PLN 9.90
- Sector / Industry: Consumer discretionary / Restaurants and bars
