Restamax Plc: RESTAMAX TO CONTINUE EVALUATING THE LISTING OF ITS SUBSIDIARY SMILE HENKILÖSTÖPALVELUT OY ON NASDAQ HELSINKI LTD'S STOCK EXCHANGE

Restamax PlcSTOCK 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...

London, 11/06/2018 (informazione.news - comunicati stampa - turismo)

Restamax Plc
STOCK EXCHANGE RELEASE 11 JUNE 2018 at 15:00 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 .

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
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

: NASDAQ Helsinki Major media www.restamax.fi