Restamax Oyj - Company Announcement

PROFIT WARNING: RESTAMAX PLC LOWERS ITS PROFIT GUIDANCE FOR ITS 2013 TURNOVER AND EBITDA

Restamax Plc

STOCK EXCHANGE RELEASE 20 DECEMBER 2013, 08.00



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE  UNITED  STATES,  AUSTRALIA,  SOUTH  AFRICA,  HONG  KONG,  JAPAN,  CANADA OR
SINGAPORE  OR ANY OTHER JURISDICTION IN  WHICH THE DISTRIBUTION OR RELEASE WOULD
BE UNLAWFUL.



PROFIT  WARNING: RESTAMAX LOWERS  ITS PROFIT GUIDANCE  FOR ITS 2013 TURNOVER AND
EBITDA

Restamax  Oyj is lowering its profit  guidance for the 2013 turnover and EBITDA.
The  general financial situation  has been weaker  than anticipated and this has
had an impact particularly on the company's December sales. For this reason, the
company  estimates that this December will be weaker than that of last year. The
company  previously estimated that its 2013 turnover would grow by approximately
10 percent  in comparison  to that  of last  year (2012  MEUR 60.8), but  due to
December  sales being  lower than  expected, the  company now forecasts that the
2013 turnover  will  grow  by  5-8 percent  in  comparison  to 2012. The company
previously estimated that its 2013 EBITDA would stay on a par with that of 2012
(2012  MEUR 9.9). Due to December's sales being weaker than expected and because
of  the  losses  accumulated  by  the  theatre  restaurant  business, which were
previously reported by the company, the company now expects that the 2013 EBITDA
will  fall 6-10 percent below the original  estimate. The EBITDA still continues
to  be  at  an  excellent  level  and  is  clearly above the restaurant business
average.

Previous profit guidance for 2013 (11 November 2013):

The 2013 turnover is estimated to grow by approximately 10 percent in comparison
to  last year (2012 turnover: MEUR 60.8). The 2013 EBITDA is expected to stay on
a par with last year (2012 EBITDA: MEUR 9.9).



Updated profit guidance for 2013:

The 2013 turnover is expected to grow by approximately 5-8 percent in comparison
to that of last year (2012 turnover: MEUR 60.8). The 2013 EBITDA is expected to
be approximately 6-10 percent lower than that of last year (2012 EBITDA: MEUR
9.9).



For additional information, please contact:

Markku Virtanen, CEO, tel. +358-400 836 477

Jarno Suominen, CFO, tel. +358-40 721 5655



Distribution:

NASDAQ OMX Helsinki

Major media

www.restamax.fi



Restamax  Plc is a Finnish restaurant group established in 1996. The company has
grown  rapidly throughout  its operating  history. The  group operates circa 60
restaurants,  bars  and  night  clubs  across  Finland. The company's well-known
restaurant  concepts include Ristorante Bella Roma, Gringos Locos, Viihdemaailma
Ilona,  Daddy's Diner and Stefan's Steakhouse. Wayne's  Coffee is also a part of
the  company's portfolio. Restamax Plc has  circa 700 employees and the turnover
for  2012 amounted to approximately  EUR 60 million and  EBITDA to approximately
EUR 10 million. www.restamax.fi.



NOTICE



This  release is not a prospectus, and thus,  is not an offer for securities. No
offer  is  being  made  in  jurisdictions  in  which  either  the  offer  or the
participation  in it  would be  prohibited our  would require  the drafting of a
prospectus, registration or other measures in addition to measures in accordance
with  Finnish  legislation.  Investors  must  make  their  investment  decisions
concerning  subscription for shares  based only on  the information presented in
the  Listing  Prospectus  for  the  shares  approved  by  the  Finnish Financial
Supervisory  Authority. This release is  not an offer to  sell securities in the
United States of America nor in any country of the European Economic Area.



Shares  cannot be offered or  sold in the United  States without registration in
accordance  with the US Securities Act of 1933 (as amended) or in reliance on an
exemption  from the registration requirements of the US Securities Act of 1933.
Restamax  has not  registered, and  does not  intend to  register, any part of a
possible  offer in the United States, nor  does it intend to offer securities to
the public in the United States.



The Company's shares are not, and will not be, registered in accordance with the
securities  market legislation  of Australia,  Canada, Hong  Kong, South Africa,
Singapore  or Japan, nor will  the Company's shares be  offered or sold to or on
behalf  of  residents  or  citizens  of  Australia,  Hong  Kong,  South  Africa,
Singapore,  Canada or Japan other  than in special cases  in accordance with the
provisions  and orders  of the  authorities of  the jurisdictions in question in
force from time to time.



The  Company is offering Shares to certain experienced investors in the European
Economic  Area for subscription under certain preconditions. To date, no actions
that  would require  the publication  of a  prospectus for  the offering  of the
Shares have been taken in any European Economic Area country other than Finland.
Shares  can  be  offered  in  Member  States  only in the situations that do not
require the publication of a prospectus as provided for in Directive 2003/71/EC
(as amended, including Directive 2010/73/EU).



This  release  may  include  forward-looking  statements.  These forward-looking
statements  include factors that are not  historical facts, statements on, among
other  things, Restamax's results,  financial position, solvency, opportunities,
growth,  strategies and Restamax's intentions,  beliefs and current expectations
concerning its industry. By nature, forward-looking statements involve risks and
uncertainties,  because they relate  to events or  are due to circumstances that
may  or may not occur in the future and, thus, express only the circumstances at
the  time they are given. Restamax  gives notice that forward-looking statements
are  no assurance of future performance,  and that its actual results, financial
position  and  solvency  as  well  as  the  development  of  its  industry could
significantly  differ  from  what  has  been  stated or proposed in the forward-
looking  statements herein. In  addition, even if  Restamax's results, financial
position  and solvency as well as the  development of its industry correspond to
the  forward-looking  statements  herein,  such  results  or  development are no
indication  of future  results or  developments. Restamax  does not undertake to
verify  expectations or estimates  or to publish  corrections to forward-looking
statements  reflecting events or circumstances  subsequent to the publication of
this release.






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