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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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KFC and Taco Bell restaurants see record sales in Romania in Q2

Sphera Franchise Group (SFG), one of the biggest restaurant operators in Romania, announced record-high results in the second quarter of this year. The company registered RON 233 million (EUR 47.5 mln) in consolidated sales in all three markets of activity, a surge of 119% compared with the same period of last year when the COVID-19 restrictions strongly impacted its activity.

“Despite ongoing lockdowns and limitations on the indoor dining, KFC stores present in Romania, Italy and Republic of Moldova as well as Taco Bell in Romania thrived between April and June 2021, registering the best sales for that period of the year,” the company said in a report on the Bucharest Stock Exchange.

Combined with a strong first quarter of the year, Sphera Franchise Group closed the first half of 2021 with consolidated sales of RON 444.5 million (EUR 90.7 mln), a 46% increase compared with H1 2020. The normalized EBITDA reached RON 30.7 million, up from RON 1.56 mln in the same period of 2020.

As a result, the company also posted a net profit of RON 5.2 million, compared with losses of RON 22.36 mln in H1 2020.

The company operated 161 restaurants at the end of June, up from 153 one year ago.

Sphera Franchise Group holds the KFC, Pizza Hut and Taco Bell franchises in Romania and operates restaurants under the KFC brand in Italy and Moldova.

SFG’s stock price went down by 3% after the results report on Tuesday but are still up 22.5% since the beginning of this year.

andrei@romania-insider.com

(Photo source: the company)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

KFC and Taco Bell restaurants see record sales in Romania in Q2

Sphera Franchise Group (SFG), one of the biggest restaurant operators in Romania, announced record-high results in the second quarter of this year. The company registered RON 233 million (EUR 47.5 mln) in consolidated sales in all three markets of activity, a surge of 119% compared with the same period of last year when the COVID-19 restrictions strongly impacted its activity.

“Despite ongoing lockdowns and limitations on the indoor dining, KFC stores present in Romania, Italy and Republic of Moldova as well as Taco Bell in Romania thrived between April and June 2021, registering the best sales for that period of the year,” the company said in a report on the Bucharest Stock Exchange.

Combined with a strong first quarter of the year, Sphera Franchise Group closed the first half of 2021 with consolidated sales of RON 444.5 million (EUR 90.7 mln), a 46% increase compared with H1 2020. The normalized EBITDA reached RON 30.7 million, up from RON 1.56 mln in the same period of 2020.

As a result, the company also posted a net profit of RON 5.2 million, compared with losses of RON 22.36 mln in H1 2020.

The company operated 161 restaurants at the end of June, up from 153 one year ago.

Sphera Franchise Group holds the KFC, Pizza Hut and Taco Bell franchises in Romania and operates restaurants under the KFC brand in Italy and Moldova.

SFG’s stock price went down by 3% after the results report on Tuesday but are still up 22.5% since the beginning of this year.

andrei@romania-insider.com

(Photo source: the company)

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