AmRest Holdings SE (ARHOF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and thank you for joining the AmRest First Quarter twenty twenty six Results Call. My name is Lucy, and I'll be coordinating your call today. It is now my pleasure to hand over to your host, Lukas Vachelko from Wood and Co to begin. Please go ahead. Good afternoon, ladies and gentlemen. My name is Fukas Vahelko, and, yeah, I'm representing Wood and Company. I have again the pleasure of moderating the call with AmRest after they reported the results. The company is being represented by CFO, Mr. Eduardo Zamaipa and IRF Packaging Director, Mr. Santiago Camarara Aguilera. Gentlemen, mic is yours. Thank you, Lucas. Good afternoon and thank you for joining us. We appreciate your time and continued interest in AmRest. I'm delighted to be with you today. Joining me is our Head of Strategy and IR, Santiago Camarejo. Today's call objective will be to share with you how our business has performed during the first months of the year. The first quarter was marked by a more challenging macro environment, but also by continued progress in cash generation, disciplined capital allocation, and resilience across our diversified portfolio. In Europe, the year started with modest but still positive underlying momentum, gradually improving financing conditions and a relatively resilient labor market provided some support early on. However, the environment became more volatile as the quarter progressed, with geopolitical risks rising sharply following the outbreak of the war in Iran. As a result, the quarter ended on a weaker note, with inflation accelerating sharply in March, driving largely by energy and with a sharp deterioration in consumer sentiment. On top of that, we also saw the impact of short term factors, particularly weather on trading patterns in several of ou...