premier capital fy2016 - hili ventures · 2017. 5. 17. · the outlook for the group’s business...
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May12,2017
PRESSRELEASEFORIMMEDIATEPUBLICATION
McDonald’slicenceePremierCapitalexceeds€200millionturnoverin2016
§ 105millioncustomersservedin6markets
Premier Capital plc, the Maltese-owned developmental licencee for McDonald’s in six Europeanmarkets, has registered turnover in excessof €200million for the year endedDecember31, 2016.Turnover for the yearmore than doubled year-on-year following the acquisition of the RomanianmarketinJanuary2016.Thankstoitsteamof7,000peopleintheBalticstates(Estonia,LatviaandLithuania),Greece,MaltaandRomania,PremierCapitalserved105millioncustomerslastyear,itshighestnumbertodate.In 2016, the group registered anoperating profit of €21.2million.After accounting for investmentincome and finance costs, the group registered a pre-tax profit of €16.5 million. The group’s netassetsfor2016amountedto€41.6million.PremierCapitalplclauncheda€65millionbondissuetothepubliclastyear.ThebondshavebeenlistedontheMaltaStockExchange.The Romania acquisition brought 67 additional restaurants to Premier Capital’s portfolio in 2016.Overall,PremierCapital’sportfoliocontinuedtogrowwiththeopeningofonerestaurantinGreece,another inMalta, two inRomania.Threerestaurants inRomaniaandtworestaurants in theBalticswereremodelled.Theoutlookforthegroup’sbusinessacrossallmarketsispositive.AcrosstheBalticstates,MaltaandinRomania,theMcDonald’sbrandremainsthemarketleaderintheInformalEatingOutsectorandmarket share and user base continues to expand on the back of enhanced customer service. InGreece,despitestrongcompetitionfromlocaland internationalbrandsandachallengingeconomicenvironment,PremierCapitalwassuccessfulinimprovingmarketsharelastyear.So far this year, Premier Capital has inauguratedonenew restaurant in Thessaloniki,Greece.NinemorerestaurantsareduetoopenacrossPremierCapital’sfootprintin2017.“Ithasbeenaverypositiveyear,”ManagingDirectorVictorTedescosaid. “Allourmarketspresentroomforgrowthandweareworkingveryhardtoexpandourpresenceandservemorecustomersacrossourfootprint.Wearefollowinganambitiousinvestmentprogrammetoopenmorerestaurantsand modernise existing ones, and we are committed to bringing increased innovation to allrestaurantsaroundourfootprintandofferevermorevalueandchoicetoourcustomers.Noneofthiswould be possible without our experienced management team and dedicated crew who displayunwavering passion for the brand every day. Together, they ensure Premier Capital’s outlook isbright.”
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AboutPremierCapitalPremierCapitalplcisthedevelopmentallicenceeforMcDonald’sinEstonia,Greece,Latvia,Lithuania,Malta and Romania. Its current network of 134 restaurants includes several McDrive andMcCafeoperations, servingmore than105millioncustomersayear thanks toa staff complementof7,000people.PremierCapitalplc istheMcDonald’sdivisionofHiliVenturesLtd,thegroupengagedinmulti-sitedoperations in partnership with McDonald’s and Apple, logistics, engineering, property andtechnology.Present in10 countries in central andEasternEuropeandNorthAfricawitha teamof8,000 people, Hili Ventures is a proud partner of CMA CGM, IBM, Konecranes, Lenovo,Microsoft,NCR,Peterson,DieboldNixdorf,andmanyotherglobalbrands.
MediaEnquiriesJoannaRipard
DirectorofCommunicationsHiliVenturesLtd
Mob.+35699421231E-mail:[email protected]