“We are maintaining our development plan, with expectations for 2H/2022 envisaging another four new KFC restaurants and a Taco Bell restaurant,” says Valentin Budes, financial manager of Sphera Franchise Group.
How will the company fund these openings? “Our investments are a mix of own financial resources and bank funding. During this period, we’ve secured a liquidity level that should create enough comfort. We also have funding lines readying to generate extra cash”.
Sphera for the first half of this year reported RON8.7 million losses (not including the impact of IFRS 16 adoption), from net profit of RON5.2 million generated in the same period of last year, while the group’s sales amounted to RON606 million, up 36% from 1H/2021.
„In terms of deals and sales, things are encouraging. We’ve issued a new projection for 2022, namely a profitability level of around RON70-80 EBITDA,” says Valentin Budes.
Sphera Franchise Group has a RON499 million capitalization and its biggest stakeholders are Tatika Investments (28,6%), Computerland Romania (20,53%) and Wellkept Group (16,45%).
Its shares have lost 14.3% since early 2022 amid deals worth RON34.3 million.
(English version by Catalina Apostoiu)