In 2024, Sphera Group achieves significant financial success, recording sales exceeding 1.5 billion Romanian Lei and a net profit of 97.2 million Romanian Lei.
2024: A Historic Year for Sphera Group - Soaring Sales, Profits, and EBITDA
- Sphera Franchise Group (SFG) shines with remarkable sales of RON 1.5 billion, a net profit of RON 97.2 million, and an EBITDA of RON 176.9 million in 2024
- KFC Romania and Taco Bell lead the way, with significant gains in profitability; KFC Romania posts a net profit of over RON 100 million (+15.5%) and Taco Bell increases net profit six-fold
- Strong 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, skyrockets 65%, outstripping the BET-TR index's 16% rise
prepare yourself for an exhilarating ride as we delve into Sphera Franchise Group's historical year in 2024! This colossal foodservice company concluded the year with staggering sales of over RON 1.5 billion, a net profit of RON 97.2 million, and an EBITDA of RON 176.9 million. Incredible adaptability, expansion, and operational efficiency helped propel them to new heights – even amid unprecedented uncertainty, tense elections, a challenging geopolitical climate, and a worsening country's rating outlook.
Călin Ionescu, CEO of Sphera Franchise Group, explained the remarkable success, stating, "We've achieved remarkable financial results in 2024, expanded our operations, and improved our operational efficiency. Our teams in Romania, Italy, and the Republic of Moldova consistently rose to new challenges to uphold our promises to customers and investors alike."
KFC Romania: The Backbone of Growth
With KFC Romania leading the charge, the company's financial performance flourished. KFC Romania's expansion – with five new units added to the network – bolstered overall performance and revenue growth. KFC Romania posted an astounding net profit of over RON 100 million, marking a 15.5% increase from 2023, and a robust EBITDA margin of 13.3%.
Taco Bell: Explosive Potential
Taco Bell further strengthened its profitability, reporting a restaurant operating profit of RON 9.54 million (+60%) and a near six-fold increase in net profit (+496.3%) compared to the previous year. The EBITDA margin remained healthy at 10.5%, demonstrating the network's operational efficiency and long-term potential. The brand's third and fourth-quarter sales surged, skyrocketing in popularity among the younger demographic.
Additional Highlights
- KFC Italy continued to generate profit, marking the second consecutive year of positive results with sales reaching RON 191.7 million (+4.3%) compared to the previous year. Net profit reached RON 1.1 million.
- KFC Moldova persisted in its double-digit growth across crucial indicators: sales (RON 23.7 million, +15%), EBITDA (+RON 4.2 million, +13.6%), and net profit (RON 3.1 million, +11.7%).
- Pizza Hut's turnaround was already bearing fruit, moving from an operating loss in 2023 to a restaurant operating profit of nearly RON 1 million in 2024.
Record Sales in Q4
The fourth quarter of 2024 turned out to be a record-breaking period for the company. With quarterly sales exceeding the RON 400 million threshold for the second time in the Group's history (RON 405 million, +2.7% compared to Q4 2023), all brands saw sales increases in Q4 2024 versus Q4 2023, save for a slight decrease of 0.5% for Pizza Hut. KFC Moldova enjoyed a particularly impressive evolution, generating RON 7.1 million in sales, a 25.9% increase compared to the same period in 2023.
Performance Beyond the BET Index
Sphera Franchise Group shares appreciated significantly in 2024, significantly outperforming the BET index's 8.78% growth. With a total return of 65%, SFG shareholders enjoyed a robust performance compared to the BET-TR index, which increased by 16.15% in 2024. Dividends were paid last year in two installments, on June 6th and November 7th, each worth RON 1.05 gross per share, resulting in a total annual dividend yield of 5.6%.
This is a Press release.
Insights
While search results primarily focus on Sphera Franchise Group's 2025 performance, they provide some insights into factors that could have contributed to growth and profitability in 2024. These include diversified portfolios, a strong market presence, operational efficiency, favorable economic conditions, strategic planning, and brand adaptability. Despite a lack of specific data, the company's impressive 2024 performance likely stemmed from a combination of these factors.
- The remarkable financial success of Sphera Franchise Group in 2024 is demonstrated through their investments in expanding businesses like KFC Romania and Taco Bell, which led to significant increases in profitability.
- The growth and profitability of Sphera Franchise Group in 2024 can be attributed to their focus on business strategies such as operational efficiency, diversified portfolios, and brand adaptability, as well as their strong market presence and favorable economic conditions.
