Sphera Franchise Group reached net profit of 44.3 million RON, up 71 percent in 2022

Sphera Franchise Group, the largest group in the food service industry in Romania, closed 2022 with RON 1.3 billion in consolidated restaurant sales, a 32 percent increase compared to 2021, the highest level ever achieved by the Group. Normalized EBITDA reached RON 102.7 million, up by 40 percent YoY. Thus, Sphera closes 2022 with a normalized net profit of RON 44.3 million, 71 percent higher than in 2021.

“The strong results of Sphera in 2022 are testament to the efficiency of our strategy and the strength of our brands in attaining healthy growth that supports performance. We are committed to long term sustainable development, while delivering excellent products and services to our customers, a fostering environment for our employees, positive returns to our investors and support in the community, and 2022 is proof that we deliver on this promise despite the challenges. We have faced a tough year and the volatility of the economic environment persists, but Sphera is based on strong fundamentals and we will continue to build on this to carry out our strategy and achieve our goals, to the benefit of our clients, investors, employees and communities alike”, stated Calin Ionescu, CEO, Sphera Franchise Group.

The performance in 2022 was due to strong results across markets and brands, with double digit growth in sales. KFC Romania contributed with sales of RON 946.9 million (+29 percent YoY), KFC Italy with RON 166.3 million (+46 percent YoY), Pizza Hut with RON 122.9 million (+37 percent YoY), Taco Bell with RON 69.3 million (+42 percent YoY) and KFC Moldova with RON 17.4 million (+40 percent YoY).  

Sales generated in Romania amounted to RON 1.14 billion (+30 percent YoY), followed by Italy with RON 166.3 million (+46 percent YoY) and the Republic of Moldova with RON 17.4 million (+40 percent YoY).