Sphera Franchise Group SA 2023 AR2
The report highlights Sphera Franchise Group's record-high results in 2023, achieving double-digit growth in both top and bottom lines despite economic challenges. The company ended the year with restaurant sales of RON 1,469.2 million, an 11.1% increase compared to 2022, and a normalized EBITDA of RON 147.9 million. Notably, KFC Romania exceeded RON 1 billion in sales, and KFC became the first local chain in Romania to reach 100 restaurants. Additionally, the Group initiated a strategic reorganization of its Pizza Hut network to optimize costs and improve profitability.
Company: Sphera Franchise Group SA
Sector: Consumer Discretionary
Country: Romania
Year: 2023
Type: AR2
Pages: 151
Sphera Franchise Group SA
Annual Report
The report highlights Sphera Franchise Group's record-high results in 2023, achieving double-digit growth in both top and bottom lines despite economic challenges. The company ended the year with restaurant sales of RON 1,469.2 million, an 11.1% increase compared to 2022, and a normalized EBITDA of RON 147.9 million. Notably, KFC Romania exceeded RON 1 billion in sales, and KFC became the first local chain in Romania to reach 100 restaurants. Additionally, the Group initiated a strategic reorganization of its Pizza Hut network to optimize costs and improve profitability.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Apr 26, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees