Consolidated
financial analysis
OPERATING RESULTS
In financial year 2012 consolidated operating profits
were 174.1 million euros, 12.1% lower than in 2011. The
EBITDA margin for the same period was 17.1 million eu-
ros, down 26.5%. Operating results stood at 5.6 million
euros, down 46.5% compared to the previous year.
Sales and Other Operating Profits
Consolidated turnover totalled 171.3 million euros at
year’s end, 11.9% less than the figure for 2011.
Turnover was distributed as follows:
Sales Ifl
-11,5%
Opening Angola
1,2%
Opening Portugal and Spain
0,6%
Closings
-2,4%
Total
-12,1%
million € % Ch.
12/11
Sales of Restaurants
167,46 -12,1%
Sales of Merchandise 3,21
2,0%
Services Rendered
0,64
-17,5%
Net Sales & Services 171,31 -11,9%
Turnover in Portugal was about 125 million euros, a
drop of 15% compared to the previous year. In Spain, it
fell by 6% to about 44 million euros, corresponding to
26% of the Group’s turnover. Angola contributed with
2.2 million euros.
Provisions of service performed more negatively due
to the lower contribution from the Pizza Móvil franchis-
es. Restaurant sales stood at 167.5 million euros, down
12.1% annually, broken down as follows:
Consolidated financial analysis
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