Press

• After achieving sales of €297 million, 16.9% more than in the first quarter of 2021, the company regained pre-pandemic figures, up 1.9% compared to the same period of 2019.

Madrid, 27 May 2022. Food Delivery Brands, the world's leading pizza delivery group, with a presence in 33 countries and more than 2,374 outlets, today announced its financial results for the first quarter of 2022.

After closing 2021 with an EBITDA growth of 66% compared to the previous year and a reduction of its losses by 84%, the company achieves an EBITDA of EUR 6.7 million in the first quarter of 2022, an increase of 11.6% at constant exchange rate, compared to the first quarter of 2021.

The Group's chain sales amounted to €297 million in the first three months of the year, 16.9% more than in the same period of the previous year and 1.9% more than in the first quarter of 2019, which means a recovery of pre-pandemic sales figures. As for revenues, they reached €97 million compared to €89 million in the same period of 2021, representing a growth of 8.6%.

By markets, in Spain and Portugal, where the company has carried out a relaunch of the Telepizza brand, aimed at new consumers and young people, sales remained solid with a growth of 11.7% compared to the first quarter of the previous year.

In the rest of Europe, sales grew by 4.8% at constant rate, compared to the same quarter in 2021, driven by the strong growth of the Apache Pizza brand in the Irish market, which has already managed to reach 181 outlets in the country.

In Latin America, there was also strong growth compared to the previous year. Sales in the first quarter of 2022 were 18% higher than in the same period of 2021. Restrictions have been lifted in the vast majority of markets and only a few residual limitations remain with little impact on the business. The company's new factory in Mexico will be fully operational in July.

These global results follow the growth trend after the end of the restrictions in countries such as Ecuador and Peru, despite a moderate fall in March due to the impact of the start of the war in Ukraine and the global inflationary situation.

The Group's liquidity at the end of the first quarter of 2021 amounts to EUR 39 million, after having made the payment to bondholders for the first half of 2021.

The group's expansion plan continues worldwide, with particular strength in Latin America, where Food Delivery Brands completed 70 net openings since the first quarter of 2021, reaching 1,334 shops in operation. In Europe, the company completed 34 net openings in the last year and now has 1,040 shops. In total, the group closed the first quarter of 2022 with 104 net openings compared to the first quarter of 2021 and now has 2,374 shops operating worldwide.