Americana Restaurants announces FY 2022 financial results

Americana Restaurants announces FY 2022 financial results

- Adjusted EBITDA of $536 million increased 15.4% vs. 2021 with healthy margin of 22.5%

- 220 gross new stores (173 net new stores) opened in 2022, including 186 by KFC, Pizza Hut, Krispy Kreme and Hardee’s

- Management expects to open 250-300 net new restaurants per year over medium-term

Abu Dhabi and Riyadh: Americana Restaurants International PLC and its subsidiaries (“Americana Restaurants” or the “Company”) (ADX symbol: AMR/ ISIN: AEE01135A222) (Saudi Stock Exchange symbol: 6015), the largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa (“MENA”) and Kazakhstan, today announces its financial results for the twelve-months ended 31 December 2022.

Mr. Mohamed Ali Rashed Alabbar, Chairman of Americana Restaurants, said:

“As a pioneer with over 50 years of heritage across the Middle East and North Africa, 2022 was a landmark year. Americana Restaurants elevated its global presence as a publicly listed company, in readiness for its next chapter as one of the most profitable, growth-oriented and diversified F&B operators. The MENA region remains uniquely attractive for out-of-home dining, with strong macroeconomic tailwinds, a growing youth population and soaring urbanisation. These dynamics, coupled with the cultural internationalism of our target markets, provides our business with a springboard for growth