The struggling restaurant chain Vapiano receives from their banks with fresh money. Thus, the course for the future would be made””.
The Lurching troubled restaurant chain Vapiano has signed on Thursday the refinancing negotiations to a successful conclusion. They received from the financing banks and the major shareholders binding lending commitments with a total volume of around EUR 30 million.
shareholders will have to. even
The final documentation will be made in consultation with the lending banks until mid-June 2019 On the 18. June was also postponed the publication of the annual and consolidated financial statements for 2018. Originally, the balance sheet on 24, should. May be presented. A date for the annual General meeting will be separately announced.
for More course information to Vapiano
With the now-secured loans should be given to the financial restructuring and strategic realignment, announced Vapiano more. This paved the way for the future is to be made, said CEO Cornelius Everke. “Our goal is to bring Vapiano back on a profitable growth path.”
Huge amounts
Vapiano writes since the year 2016 in the red. In 2017, the company made a loss of around 30 million Euro, in 2018, the total loss should be-according to preliminary Figures from the February “significantly” lower than this value. The sales amounted to 370 million euros. On the existing surface, without openings, was a Minus of one percent.
With the money from the IPO in 2017 Vapiano continued to expand, in the past year, more than 30 new Restaurants were added. In 33 States, Vapiano is now present with 231 Restaurants, most of them in Germany.
How many branches are to be closed in the course of the restructuring, so far not known.
ME
source: boerse.ard.de
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