Sphera Franchise Group posted record sales in Q3 of 284 million RON

Sphera Franchise Group (“Sphera”) continued this year’s positive growth trend in Q3 2021, registering record consolidated sales of 284 million RON, 44 percent higher than Q3 2020. Sales in Romania amounted to 247 million RON, Italy contributed 33 million RON, while sales in the Republic of Moldova reached the historical value of 3 million RON. KFC generated revenues of 243 million RON, Pizza Hut –26 million RON and Taco Bell –14 million RON. Except for Pizza Hut, all brands of the Group registered record sales in Q3 2021.

The Group concluded Q3 2021 with EBITDA of 62 million RON, higher by 21 percent, while net profit increased by 30 percent reaching 22 million RON. The operating profit of the restaurants increased in Q3 2021 by 24 percent compared to Q3 2020 reaching 35 million RON. At the end of Q3 2021, the Group had 164 restaurants, compared to 157 units in the same period of 2020.

“Q3 2021 was an excellent quarter for Sphera Franchise Group. We continued the same dynamic of growth on the Romanian and Moldavian markets as in the previous quarter, but we have toped it up with an improved performance in Italy due to the relaxation of restrictions imposed by authorities. Historically, Q3 has always been our strongest quarter which we are happy about as more customers opted for dine-in or takeaway instead of delivery in this period. The performance in the third quarter of 2021 provided us, as well as all our shareholders, with a good indicator of how fast we can recover if the economy is fully reopened and the restrictions are lifted. In addition, it gave us  confirmation that our decisions to continue the development of our restaurant network throughout the last 12 months has been a right one,” stated Calin Ionescu, CEO Sphera Franchise Group.

Sphera Franchise Group closed the first nine months of 2021 with 728 million RON in consolidated sales on all three markets, a 45 percent increase compared to the same period of last year. Sales generated in Romania contributed with 88 percent to this result, amounting to 642 million RON, followed by Italy bringing in the contribution of 11 percent amid sales of 77 million RON, while Moldova generated 1 percent of total sales, in the amount of 8 million RON.