IBERSOL | Annual Report 2020

Consolidated Financial Performance CAPEX In 2020, the CAPEX registered a reduction compared to the previous year of 19.5 million Euros, to an amount of 28.3 million Euros, which corresponds to investments in: - expansion; opening of 23 new restaurants (19.9 million Euros); - refurbishing: 30 units in Portugal and Spain (5.1 million Euros) - current miscellaneous investments worth 3.2 million Euros. (Million of Euro) 2020 2019 Var. Fixed assets additions 24,9 43,9 -19% Intangible assets additions 3,4 3,9 -0,6% Capex 28,3 47,8 -19,5% 38