The group already opened six restaurants KFC, Pizza Hut and Paul and plans to open at least other five in the second half of the year. If the growth pace is maintained, the group would post over EUR100 million revenue in 2015.
“We see an improvement of the economic status and of the purchasing power. The VAT cut (e.n. from 24% to 9% at food products starting June 1st) will also help,“ according to Mark Hilton, the British CEO leading the group’s operations.
Hilton did not gave an estimate on the growth pace in 2015 but the major brands of the group, KFC, Pizza Hut, Pizza Hut Delivery and Paul, reported growth beyond expectations. KFC, for example, posted an over 10% revenue increase.
KFC is emblematic brand of the group and accounts for more than half of total revenue. Also, KFC is the second largest fast-food company in Romania, after McDonald’s.
(English version by Manuela Panescu)