Vapiano SE successfully concludes refinancing negotiations
- Binding loan commitments with a total volume of around EUR 30 million
- Course set for further implementation of the new strategy
- Annual and consolidated financial statements to be published in June 2019
Cologne, May 23, 2019 - Today, Vapiano SE (ISIN: DE000A0WMNK9) has successfully completed the refinancing negotiations for the financial restructuring of the company as well as for the further implementation of the new strategic accentuation. The company has received binding loan commitments totaling around EUR 30 million from the financing banks and the major shareholders Mayfair Beteiligungsfonds II GmbH & Co. KG, VAP Leipzig GmbH & Co. KG and Exchange Bioset GmbH & Co. KG.
Cornelius Everke, CEO Vapiano SE: "With the successful conclusion of the refinancing negotiations, we have now set the course for the further implementation of our new strategy. Our goal is to get Vapiano back on a profitable growth path and to successfully reposition our brand with our guests."
Due to further requirements for the documentation of the negotiated refinancing, the annual and consolidated financial statements 2018 of Vapiano SE will be published on June 18, 2019 and not as previously announced on May 24, 2019. The new date for the Annual General Meeting will be announced separately.
About Vapiano
In 2002, Italian lifestyle brand Vapiano created a new category in system gastronomy with its innovative "fresh casual dining" concept combining elements from "fast casual" and "casual dining". The restaurant concept is based on quality, uncompromisingly fresh ingredients, and transparency. Pasta, pizza dough, sauces, dressings and desserts are handmade each day in every Vapiano. The dishes are prepared in front of the guests "Ã la minute" and "customized" to the guests' requirements. The recipe for success also includes the cosmopolitan ambiance. Long oak tables invite communication, a fully grown olive tree and a cozy bar and lounge area characterize the feel-good atmosphere found in every Vapiano. Vapiano also represents autonomy and individuality, so guests can choose between different "Guest Journeys". Guests decide whether they will order their food from the Vapianisti, at the terminal or via the Vapiano app, and whether they will pay via chip card or app. The company has also successfully been offering take away and delivery services in a growing number of restaurants so guests can enjoy Vapiano "anytime, anyplace, anywhere". The successful concept has quickly spread from Hamburg all over the world. As of December 31, 2018, there were 231 restaurants in 33 countries on five continents in the Vapiano network. Vapiano shares (ISIN: DE000A0WMNK9) have been traded on the Prime Standard segment of the Frankfurt Stock Exchange since June 27, 2017. Further information can be found at
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