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Sphera Franchise Group sales at RON 710.8 million in 2020, down by 25.6%

Sphera Franchise Group reported sales of RON 710.8 million in 2020, representing a decrease of 25.6% compared to the performance in 2019.

The group ended Q4 with a restaurant operating profit of RON 14.5 million and a net profit of RON 2.4 million.

Sphera ended 2020 with restaurant operating profit of RON 49.3 million, 60.4% lower than the year before, and with a normalized EBITDA of RON 44.1 million.

Sales through own delivery channels, as well as through online platforms of aggregators increased from 5.9% in 2019 to 25.3% in 2020.

For KFC Romania, the share increased from 3% in 2019, to 23%, for Pizza Hut it doubled, going from 25%, to 50% in 2020 and for Taco Bell it surged from 2% to 37% in 2020.

In Moldova, there were no sales for delivery in 2019, yet in 2020 the share of delivery order reached 26%.

KFC Italy had insignificant (below 0.5%) number of deliveries in 2019, while in 2020, this channel reached 14%.

In the course of 2020, the group opened 5 new KFC restaurants in Romania, 3 new KFC stores in Italy and 1 new Taco Bell in Romania.

Following negotiations with Yum!, Brands Inc., KFC Romania has 6 more restaurants to open by the end of 2021.

At the end of 2020, Sphera had 158 restaurants, of which 138 were in Romania, 18 in Italy and 2 in the Republic of Moldova.

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