BOLD STEPS TOWARDS GROWTH SINCE 1996
Restamax Plc has more than 20 years’ experience in the restaurant business. The company’s roots date back to 1996.
The listed company, which has sprung from the pub business, is targeting a turnover of €180 million and the expansion of the restaurant business abroad by the end of 2018. At the same time, Restamax is also continuing its profitable growth in Finland in the restaurant and labour hire businesses.
Read about the company’s most significant events here!
Restamax’s present chief shareholders, Timo Laine and Mikko Aartio, establish a joint venture, Mr. Max Oy, which begins to engage in the restaurant business. At the early stage, the focus of the business is in pubs and nightclubs.
The company’s operations are expanded into the food restaurant business.
Through corporate transactions, business is increased even more strongly in pubs and nightclubs.
Restamax implements a targeted share issue, as a result of which the company’s ownership base expands, and the Restamax Group in its present form is created through corporate transactions.
The change of Restamax into a public limited company is registered in the Trade Register on 20 September 2013.
A significant step in the history of the company is taken at the end of the year, when Restamax Plc is the first company in the restaurant industry to be listed on the Helsinki Stock Exchange.
At the beginning of the year, Restamax Plc purchases the Rengasravintolat Group, as a result of which 16 restaurants in Helsinki, Tampere, Jyväskylä and Pori are transferred to the company’s ownership.
During the same year, Restamax supplements its restaurant portfolio with new restaurants and nightclubs, strengthens its position in its market areas and expands its operations into the new geographical areas of Oulu and the northern tourist centres of Ruka and Pyhä.
In August, the labour hire business becomes part of the Restamax Group.
The restaurant business is expanded to Oulu and Hanko and the labour hire business diversifies into medical and healthcare services.
The company has 120 restaurants in Finland, and the restaurant business is expanded to Levi. The same year, the labour hire business is also strengthened in different sectors.
Restamax establishes a joint limited company, Rivermax Oy, with Koskiravintolat Oy, a pioneer of the restaurant industry. The joint venture comprises seven restaurants in Tampere and Pori.
The company increases its number of restaurants to more than 130, and expands its restaurant business to new market areas in Vaasa and Rovaniemi.
The labour hire business grows into one of the leading players in the sector. Its market position is strengthened, particularly in the fields of industry, construction and restaurants.
Restamax achieves its long-term strategic goals and exceeds the MEUR 180 turnover target set for 2018 already during 2017.
Restamax publishes new long-term goals and strategy, according to which the Group is seeking a turnover of approximately MEUR 400 by the end of 2020.
Restamax announces its intention to evaluate the listing of the labour hire business comprised of subsidiary Smile Henkilöstöpalvelut Oy and its subgroup on the Nasdaq Helsinki Ltd Stock Exchange. The evaluation process will be carried out during spring 2018.
The Group expands its restaurant business to Denmark, operating there through its new subsidiary, Restamax Operations Denmark. The company purchases over 90 per cent of the popular Danish Cock’s & Cows and The Bird companies, which at the time of purchase operate a total of 11 restaurants and bars in Copenhagen.
Restamax purchases the entire shareholding of RR Holding Oy (Royal Ravintolat). Royal Ravintolat’s best-known brands include Hanko Sushi, Pizzarium, Savoy, Löyly, Ravintola Palace and Ravintola Teatteri. The transaction creates one of the largest restaurant groups in the Nordic countries listed on the Helsinki Stock Exchange.