IBERSOL | Annual Report 2021

Consolidated Financial Performance In order to allow for comparisons with other companies from this sector, and with previous financial years, the Group uses operational perfor- mance indicators, as mentioned throughout this section, whose defini- tions can be found in the glossary. Sales and Provision of Services The year was marked by continued uncertainty regarding the pandemic, but also the softening of restrictions on mobility, due to the effects of the vaccination programme in Europe, which allowed for significant recovery of activity, especially in the second half of the year. Consolidated business volume totalled 357.3 million euros by the end of the year, compared to 288.9 million euros in 2020, which represents 23.7% growth. CONSOLIDATED FINANCIAL PERFORMANCE The gradual reopening of most restaurants during the second half of the year – despite some restrictions – meant that by the end of the year Ibersol had most of its self-owned restaurants operational. At the end of Decem- ber, only 5 restaurants, located in Spanish airports, were still closed. Turnover (Million euros) 2021 2020 Var. 21/20 Sales of Restaurants 348,6 281,9 23,7% Sales of Merchandise 7,2 5,8 23,8% Services Rendered 1,6 1,2 32,0% Turnover 357,3 288,9 23,7% 2019 Var. 21/19 469,5 -25,8% 12,3 -41,6% 3,6 -55,2% 485,4 -26,4% 22