The company is owned by businessmen Radu Dimofte (43.6%), Lucian Vlad (33.3%) and Nicolae Badea (23%).
In 2016, Sphera Group had sales of RON514.5 million, up 26.8% on the year. It had an operating profit of RON73.5 million, up 8.3% on the year, and a net profit of RON51.6 million, up 9.2% on the year.
“Our business model proved successful and we launched 40 new restaurants in 2012-2017 while keeping significant annual growth levels. Going forward, we have ambitious development plans, with ten new restaurant openings by the end of this year. We believe we have significant growth potential in the following years, both regarding the results of existing restaurants and the opening of new KFC, Pizza Hut and Taco Bell units in Romania, as well as the planned development of a significant KFC business in Italy,” Sphera CEO Mark Hilton said about the IPO.
The company has selected Wood&Company, Raiffeisen Bank and Alpha Finance to broker its IPO.
The company plans to have more than 240 restaurants by the end of 2022, Hilton added.
Sphera Group currently operates 104 restaurants: 67 KFC restaurants (63 in Romania, two in Moldova and two in Italy) and 37 Pizza Hut restaurants, of which 16 are Pizza hut Delivery units.
The group was set up this year to bring together all the companies holding licenses for KFC and Pizza Hut restaurants in Romania, Moldova and northern Italy. One of the company’s subsidiaries will open the first Taco Bell restaurant in Romania in the fourth quarter this year.