llaollao Headquarters, registered in Spain, closed 2023 with an EBITDA of
10.3 million euros, achieving the
best result in its history.
- Total global sales figure to the end customer has risen to
€104.5, establishing itself as the Spanish brand with the strongest
presence in the country
- The Spanish group achieved a net turnover of €41.3 million and
continued to strengthen its balance sheet in 2023, with a
particular emphasis on the low level of financial indebtedness
(debt with credit institutions is only €0.3 million) and the high
cash generation
- The positive evolution of all areas of activity, particularly
the increase in sales across all its key markets, has been the main
reason behind these figures
- In 2023, llaollao opened 93 new points of sale
globally (almost 2 stores per week), bringing the total number of
establishments to 397 by the end of the year 2023
MANILA,
Philippines, May 21, 2024
/PRNewswire/ -- llaollao, the Spanish group that owns the leading
frozen yogurt brand, ended 2023 surpassing its business objectives
and closing the year with record figures in all key aspects of
its financial statement. This is a historic
milestone for the company that confirms the success of its strategy
in recent years. Accordingly, llaollao concluded the period with a
net turnover of €41.3 million, representing a 43% increase
over 2022. EBITDA reached €10.3 million, marking a 46%
increase compared to the figure achieved in 2022 (which was €7.1
million).
The announced figures demonstrate significant growth compared to
the previous year, which is once again the result of strong
financial growth and efficient operational management.
Moreover, the company has exceeded its own expectations by
surpassing the budgeted EBITDA (the announced target was to
achieve €8.5 million), and has thus reaffirmed its ability to adapt
and exceed ambitious goals.
These numbers are framed within a healthy balance sheet with
virtually zero indebtedness (the debt at the end of last year with
credit institutions was only €0.3 million, showing responsible
resource management). Llaollao has benefited from its liquidity
generation capacity due to its high cash flow, which has enabled
organic investments with new openings and an increased presence in
strategic markets. Additionally, thanks to this, the Group was able
to explore and develop new alternative business avenues in 2023 to
capitalize on this differentiating characteristic and expand its
product portfolio.
Regarding the total global sales figure to the end customer
in 2023 (which includes the total sales generated by both
company-owned stores and franchise and master franchise
arrangements internationally), it reached €104.5 million,
comparing very positively with the €79.9 million from twelve months
earlier (representing a 31% growth) and the €100 million estimated
by the company itself. 55% of these sales came from outlets
located in Asia and 40% in
Europe.
In summary, in 2023, llaollao once again surpassed the record
figures achieved the previous year and clearly reinforced its
leading position.
Pedro Espinosa, co-founder and
CEO of llaollao, commented: "We are very pleased with the
financial performance in 2023. Last year was a period of growth and
strengthening for our company, confirming that we are on the right
path, and we have adopted an appropriate strategy. We are eager to
continue innovating and expanding our business in the future."
"The results of llaollao in 2023 confirm our commitment to
operational excellence, product quality, and customer satisfaction,
and thus consolidate our position as an industry leader. As we have
stated before, the brand will continue to generate a profit and
increase market share through solid organic growth with new
openings. Furthermore, these figures reinforce our intention to
continue analyzing all growth opportunities in new markets that
make strategic sense, always prioritizing the profitability of our
points of sale," concludes Pedro
Espinosa.
Store locations: strong expansion in Asia with close to 400 outlets
globally.
At the end of 2023, the Spanish brand had established 396 stores
globally, representing a 34% growth. In Spain, it has 145 points of sale, 50% of which
(72) are company-owned stores managed directly by the business
group.
Additionally, the company has significantly increased its
international presence since 2022, especially in markets considered
more relevant and with greater potential for the brand's future.
Currently, llaollao has a prominent presence in Malaysia (where it opened its 100th store
in 2023, now exceeding 118 establishments, making it the Spanish
food & beverage brand with the highest presence in the
country), Indonesia (with
26 points of sale, a 45% increase in one year), Singapore (with 12 points of sale), and
the Philippines (with 51
locations, nearly tripling its presence since 2022 and also
establishing itself as the Spanish brand with the strongest
presence).
With 217 open points of sale, Asia has the highest presence of llaollao
measured by the number of establishments. In this
geographical region, frozen yogurt enjoys a fantastic reception,
and the brand has very high visibility, providing significant
growth potential and attractive development prospects. Furthermore,
our brand has also consolidated its presence in the Americas
with 22 points of sale after opening three new establishments
on the continent (two in El
Salvador, where it now has a total of 13, and one additional
store in Bolivia).
Press contact:
Kreab
Jose Luis Gonzalez
Garcia
E: jlgonzalez@kreab.com
T: +34 661850384
Paola Luelmo
E: pluelmo@kreab.com
T: +34 639973417
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