MANAGEMENT REPORT
ÍNDEX
Main indicators
Introduction
Message from the Chairman
of the Board of Directors
Year 2012
4.1 Main events
4.2 Economic context
The Ibersol Group
5.1 Business structure
5.2 Strategic profile of the Group
5.3 Governing bodies
Financial year activity
6.1. Portugal
6.1.1.Restaurants and Delivery
6.1.2.Counters
6.1.3.Travel
6.1.4. Catering
6.1.5.Other businesses
6.2. Spain
6.2.1. Counters
6.2.2. Delivery
6.3. Angola
6.3.1. Counters
14
15
18
30
32
40
40
51
57
60
64
64
68
4
6
12
22
24
26
29
MANAGEMENT REPORT
2
