Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Sphera Group, financial milestone in 2024: sales of...

Sphera Group, financial milestone in 2024: sales of over RON 1.5 billion and net profit of RON 97.2 million

April 3, 2025

Sphera Franchise Group (stock symbol SFG), the largest food service group in Romania, concluded 2024, the best year in its history, with sales of over RON 1.5 billion and a net profit of RON 97.2 million. The company improved its EBITDA margin by 1.4 pp in 2024 compared to 2023.   “In 2024, we had remarkable financial results, we continued our expansion and improved operational efficiency. We strengthened our presence by opening seven new restaurants, especially drive-thru restaurants, which offer us flexibility and cover all service channels. We diversified our portfolio by adding Cioccolatitaliani, a premium brand through which we address a new market segment. All in a year marked by uncertainty, with tense elections, a difficult geopolitical climate and a worsening country’s rating outlook. We performed again in 2024 thanks to our teams in Romania, Italy and the Republic of Moldova, who overcame new challenges every day to fulfill our promises made to customers and investors alike,” said Calin Ionescu, CEO of Sphera Franchise Group.   KFC Romania remained the driving force behind the Group’s financial performance, having the most significant contribution to increasing profitability and consolidating operational results. The expansion of the network, through the opening of five new KFC Romania units, had a positive impact on the overall performance, supporting revenue growth. KFC Romania achieved a remarkable net profit of over RON 100 million, 15.5% higher than in 2023, and a healthy EBITDA margin of 13.3%.   Taco Bell continued to strengthen its profitability in 2024, with restaurant operating profit of RON 9.54 million, up 60%, and net profit almost six times higher (+496.3%) compared to the previous year. The EBITDA margin stood at a solid level of 10.5%, confirming the operational efficiency and long-term potential of the network. The increase in sales, especially in the third and fourth quarters, reflects the growing popularity of the brand, especially among young people.   KFC Italy continued to generate profit in 2024, marking the second consecutive year of positive results. Sales reached RON 191.7 million, up 4.3% compared to the previous year, a healthy pace for a mature market, and net profit reached RON 1.1 million.   In 2024, compared to 2023, KFC Moldova continues its double-digit performance in the most important indicators: sales (RON 23.7 million, +15%), EBITDA (+RON 4.2 million, +13.6%), net profit (RON 3.1 million, +11.7%). The brand continues to deliver the best EBITDA margin in the Group, of 17.6%.   Pizza Hut’s turnaround is already delivering results, with the company moving from an operating loss in 2023 to a restaurant operating profit of nearly RON 1 million in 2024, a testament to the effectiveness of the network optimization measures.   Furthermore, Pizza Hut reduced its net loss by 30% in 2024 compared to 2023, driven by increased operational efficiency following the reorganization process. The optimizations began in 2023 and continued into 2024, primarily to eliminate overlaps resulting from the consolidation of Pizza Hut and Pizza Hut Delivery under a single brand.   Record sales in Q4 The last quarter of 2024 marked a milestone for the company, being the second time in the Group’s history that quarterly sales exceeded the RON 400 million threshold (RON 405 million, +2.7% compared to Q4 2023). This evolution was supported by a stable consumption environment and the impact of new units opened. All brands achieved sales increases in Q4 2024 vs. Q4 2023, except for Pizza Hut, which recorded a slight decrease of 0.5%. KFC Moldova had a particularly remarkable evolution, generating sales of RON 7.1 million, higher by 25.9% in the last quarter of last year compared to the same period in 2023.   “The solid performance in 2024 reflects adaptability to challenging external factors, such as industry wage adjustments, inflationary pressures and consumer caution fueled by uncertainty in the electoral context in Romania and the Republic of Moldova. We managed to overcome these pressures and achieved record sales, increased our profitability and registered an impressive improvement in operating margins. The accelerated dynamics of KFC Romania, the excellent performance of Taco Bell and the encouraging evolution of Pizza Hut reflect our ability to adapt and consistently apply cost management measures. We know that 2025 comes with new challenges, but we remain committed to delivering a solid financial performance for shareholders,” stated Valentin Budes, CFO of Sphera Franchise Group. Performance above the BET index   In 2024, Sphera Franchise Group shares recorded a remarkable appreciation of 56.8%, significantly outperforming the BET index’s 8.78%. At the same time, SFG’s total return was 65%, a robust performance compared to the BET-TR index, which increased by 16.15% in 2024.   Sphera Franchise Group shareholders received dividends last year in two installments, on June 6th  and November 7th , each worth RON 1.05 gross per share, and the total annual dividend yield, including payments in June and November 2024, reached 5.6%.

Read in full - click here
Romanian state-owned gas producer Romgaz sues European Commission over CO2 storage quotas

Romanian gas producer Romgaz (BVB: SNG) has filed an action with the European Court of Justice against the European Commission, requesting the annulment of certain regulations that impose CO2 storage quotas on oil and gas companies. The company considers the quotas disproportionate.  It is the first time that Romgaz has initiated a direct action against […]

Bucharest residents invited to donate clothes, food to families affected by residential building explosion

Bucharest residents can donate clothes in good condition, non-perishable food, and toys for the families affected by the explosion that left 3 dead and many others injured, and nearly collapsed the apartment building in District 5 on Friday, October 17.  "Following the devastating explosion in District 5, entire families have been left without housing, and […]

Romanian SMR project developer announces contract with global nuclear software leader

RoPower Nuclear, the developer of the SMR (small modular reactor) project in Doiceşti, Romania, announced the signing of a contract with Studsvik Scandpower, one of the global leaders in software dedicated to nuclear fuel analysis, on Friday, October 17.  The president of the Swedish group emphasized that Romania is setting an important precedent for the […]

Energy regulator probes gas company response following deadly explosion at Bucharest apartment building

Energy regulator ANRE has launched an investigation into whether the gas distributor followed proper safety procedures before the powerful explosion that killed three people and injured others at an apartment building in Bucharest’s Rahova district on Friday morning, October 17. According to

Microsoft: Romania ranks 52nd globally in terms of impact of cyberattacks in the first half of 2025

In the first half of 2025, Romania ranked 52nd worldwide among the countries most frequently affected by cyber activities, according to the new Microsoft Digital Defense Report.  The sixth annual report, covering trends from July 2024 to June 2025, emphasizes that traditional security measures are no longer sufficient. Modern defenses and strong collaboration between industries […]

Romania’s Via Transilvanica among winners of 2025 Europe Responsible Tourism Awards

Via Transilvanica, the long-distance trail that traverses Romania’s cultural, historical, and natural landscapes, has been awarded silver in the “Peace, understanding and inclusion” category at the 2025 Europe Responsible Tourism Awards. The initiative is organized by the International Centre for Responsible Tourism Global (ICRT Global). The award ceremony took place at the Press Club Brussels […]