Sphera Franchise Group reports, in the first 9 months, a net normalized profit increase of 66% compared to 2023, with record sales of over RON 1.14 billion
New record: sales of RON 1.14 billion in the first 9 months, higher by 6.4% compared to the same period in 2023 - Normalized net profit increase of 66.3% compared to 9 months 2023, to RON 71.4 million, almost 90% of the normalized profit…
- New record: sales of RON 1.14 billion in the first 9 months, higher by 6.4% compared to the same period in 2023
- Normalized net profit increase of 66.3% compared to 9 months 2023, to RON 71.4 million, almost 90% of the normalized profit of the entire previous year
- EBITDA margin reached 11.3% in the first nine months
- Best third quarter ever in terms of sales, EBITDA and net profit
- In October, Sphera acquired the franchise rights for the Cioccolatitaliani brand
Sphera Franchise Group, the largest group in the food service industry in Romania, ended the first nine months of 2024 with record sales of over RON 1.14 billion, 6.4% higher than the same period last year. The normalized net profit at Group level was RON 71.4 million in the first 9 months of the year (+66.3% compared to the similar period in 2023) and represents almost 90% of the normalized profit obtained in the entire year 2023.
“We are growing quarter after quarter, surpassing previous records, and these new thresholds are becoming historical milestones that redefine the altitude of the company's performance for the future. This evolution speaks not only of the Group’s stability, but also its flexibility to invest in continuous expansion and innovation, which allows us to respond promptly and efficiently to consumer expectations. We continue to strengthen our presence in Romania and on international markets and are well prepared to support sustainable development and create added value for our shareholders and partners,” stated Călin Ionescu, CEO, Sphera Franchise Group.
Sphera also recorded an important increase in normalized EBITDA, which went up 36.2% in the first nine months of 2024 compared to the same period last year, to RON 129 million. The very good results were reflected in an excellent EBITDA margin of 11.3% in the first nine months of the year.
Most of the revenue was generated in Romania, where sales of RON 986.7 million were recorded, 86.3% of the total, while the market in the Republic of Moldova had the highest growth, of 10.9% compared to the same period from 2023. These results reflect consistent performance and stable expansion in key markets.
With five new units opened since the beginning of the year, KFC Romania maintains its leading position in Sphera Group's portfolio, registering in the first nine months double-digit increase in normalized net profit (+45.9%, up to RON 74.9 million) and normalized EBITDA (+37.1%, up to RON 112 million), while total sales stood at RON 840 million.
In the Republic of Moldova, KFC opened the third unit in September, consolidating its presence in this market where the brand reports remarkable progress. Normalized net profit had an advance of almost 29% and an EBITDA margin of 19.3% in the first nine months of this year.
