“CE (Central and Eastern Europe i.e.) margin [in the first quarter of 2016] was additionally strengthened by the acquisition of Starbucks chain in Romania. Profitability of Romanian Starbucks stores is the highest among the markets and exceeds 20%,” the AmRest officials say in the first quarter report.
The Polish group did not publish Starbucks Romania sales figures, which are not available on the Finance Ministry website, either. Starbucks made 36.1 million lei (EUR8 million) and RON6.5 million net profit, therefore an 18% margin in 2014, according to the latest available data.
Franchise agreements for Starbucks stores in Romania are valid till 2023, while in Bulgaria until 2027, AmRest report says. (EUR1=RON4.5059)
(English version by Loredana Fratila-Cristescu)