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Telepizza Loses 19.6 Million In First Semester, 36% Less

Food Delivery Brand, owner of Telepizza and Pizza Hut, has closed the first half of 2021 with red numbers worth 19.6 million euros, 36% less than in the same period of the previous year. Then the losses amounted to 30.7 million.

During the first six months of the year, the group’s sales amounted to 524 million euros, 8% more than in the previous year, while in the second quarter they amounted to 270 million, 32% more. This positive evolution of sales has also been reflected in the income statement, with revenue growth of 23% , reaching 92 million euros in the second quarter.

The EBITDA (gross operating profit operating) set in the first half amounted to 14.8 million euros, 114% more than in the previous year, of which nearly 9 million related to the second quarter of the year, 187% more than in the same period of 2020.

The company is very optimistic for the coming months and, despite the fact that the environment is still very uncertain, it reaffirms its commitment to the objectives set for the 2021 financial year and expects to achieve an adjusted ebitda of between 39 and 41 million.

“In recent months, we have worked to update our business model seeking to improve the Group’s efficiency, as well as to promote our expansion plan. In the first six months of the year we have already opened 35 new stores , a figure that will increase substantially during the second half as projects already underway are completed, “says Jacobo Caller, CEO of Food Delivery Brands.

Expansion plans
The company is carrying out an important expansion plan focused on Iberia and Latam, with a very special focus on Mexico. After the adjustment of the store network during 2020, as a result of the pandemic, 35 new stores have been opened in various countries by the end of June, a figure that will increase significantly in the coming quarters as the plan is completed. of development planned and with which it is expected to reach more than 100 new units in 2021.

To this end, the company is investing in new store models geared towards delivery and take away , with lighter investment formats and seeking greater capillarity.

Likewise, with the aim of continuing to consolidate its leadership in the food delivery market, the company is expanding its industrial capacities with the construction of a new dough factory in Mexico, which joins the four that the Group currently has distributed among Spain, Colombia, Chile and Ecuador, as well as new production lines in Spain to supply the incremental demand of the brands it operates, as well as supply opportunities outside the current perimeter.

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