Restamax Plc: PROFIT WARNING: DESPITE STRONG GROWTH RESTAMAX LOWERS ITS 2014 PROFIT GUIDANCE

Restamax Plc STOCK EXCHANGE RELEASE 24 October 2014 at 10:00 PROFIT WARNING: DESPITE STRONG GROWTH RESTAMAX LOWERS ITS 2014 PROFIT GUIDANCE Restamax Plc lowers its 2014 profit guidance. Even though the company will achieve a good result this year

the company's profit development in September and October has been poorer than expected. Among other reasons

a weak general economic situation

weakening of consumers' purchasing power and dwindling demand have affected the weakened outlook for the remainder of the year. "We can detect clear changes in customer behaviour; customers spend less than before and their average purchases are smaller. According to estimates

demand will dwindle towards year-end

" says Restamax CEO Markku Virtanen. The strong growth Restamax Plc has experienced has generated more one-off costs than anticipated. The general increase in the cost level has influenced the investments made more than forecast

which has had a great impact on operating profit. "The result our company achieved in September

especially

is considerably poorer than expected. Despite a challenging operating environment

we have maintained our profitability level and will this year achieve a good result

considering the circumstances

" says Virtanen. The company's new profit guidance for 2014: Restamax estimates that the 2014 turnover will increase to MEUR 84.0-90.0. The company estimates that the 2014 EBITDA will increase to MEUR 11.5-13.0 and that operating profit will increase to MEUR 5.5-7.0. The company's previous guidance for 2014 (as of 5 March 2014): Restamax estimates that the 2014 turnover will increase to MEUR 86.0-97.0. The company estimates that the 2014 EBITDA will increase to MEUR 14.5-16.3 and that operating profit will increase to MEUR 8.7-10.4. Restamax's interim report for January-September 2014 will be published on 7 November 2014. Additional information: Markku Virtanen

Restamax Plc

CEO

tel. +358 400 836 477 Timo Laine

Restamax Plc

Chairman of the Board

tel. +358 400 626 064 Distribution: NASDAQ OMX Helsinki Key media www.restamax.fi Restamax Plc is a Finnish restaurant business group established in 1996

which also offers labour hire services. In 2013

Restamax became the first Finnish restaurant company to list on NASDAQ OMX Helsinki and has grown strongly throughout its history. The group companies include over 80 restaurants

cafés

pubs and nightclubs all over Finland. Well-known restaurant concepts of the Group include Gringos Locos

Bodega Salud

Viihdemaailma Ilona

American Diner

Daddy's Diner

Stefan's Steakhouse and Wayne's Coffee Suomi. Restamax Plc employs approximately 900 people

the Group's pro forma turnover in 2013 was MEUR 87.0 and EBITDA MEUR 13.3. Restamax company website: www.restamax.fi

Restamax consumer website: www.ravintola.fi