Sphera Group, new financial performance milestone in 2024: sales of over RON 1.5 bln and net profit of RON 97.2 mln
2024, a new year of growth for Sphera Group: sales of RON 1.5 billion (+5,4%), net profit of RON 97.2 million (+22%) and EBITDA of RON 176.9 million (+19.6%) - Significantly improved profitability for KFC Romania, which achieved a net…
- 2024, a new year of growth for Sphera Group: sales of RON 1.5 billion (+5,4%), net profit of RON 97.2 million (+22%) and EBITDA of RON 176.9 million (+19.6%)
- Significantly improved profitability for KFC Romania, which achieved a net profit of RON 100.2 million (+15.5%), and Taco Bell, which increased its net profit almost six times
- Notable EBITDA margins in Q4 for KFC Romania (13.4%), KFC Moldova (13.7%) and Taco Bell (13%)
- Total return on SFG shares in 2024, including dividends, is 65%, compared to a 16% increase in the BET-TR index
Sphera Franchise Group (stock symbol SFG), the largest food service group in Romania, concluded 2024, the best year in its history, with sales of over RON 1.5 billion and a net profit of RON 97.2 million. The company improved its EBITDA margin by 1.4 pp in 2024 compared to 2023.
“In 2024, we had remarkable financial results, we continued our expansion and improved operational efficiency. We strengthened our presence by opening seven new restaurants, especially drive-thru restaurants, which offer us flexibility and cover all service channels. We diversified our portfolio by adding Cioccolatitaliani, a premium brand through which we address a new market segment. All in a year marked by uncertainty, with tense elections, a difficult geopolitical climate and a worsening country’s rating outlook. We performed again in 2024 thanks to our teams in Romania, Italy and the Republic of Moldova, who overcame new challenges every day to fulfill our promises made to customers and investors alike,” said Călin Ionescu, CEO of Sphera Franchise Group.
KFC Romania remained the driving force behind the Group's financial performance, having the most significant contribution to increasing profitability and consolidating operational results. The expansion of the network, through the opening of five new KFC Romania units, had a positive impact on the overall performance, supporting revenue growth. KFC Romania achieved a remarkable net profit of over RON 100 million, 15.5% higher than in 2023, and a healthy EBITDA margin of 13.3%.
Taco Bell continued to strengthen its profitability in 2024, with a restaurant operating profit of RON 9.54 million, up 60%, and net profit almost six times higher (+496.3%) compared to the previous year. The EBITDA margin stood at a solid level of 10.5%, confirming the operational efficiency and long-term potential of the network. The increase in sales, especially in the third and fourth quarters, reflects the growing popularity of the brand, especially among young people.
