IBERSOL Annual Report and Consolidated Accounts 2017

Consolidated financial analysis All segments show a positive trend in like for like, especially in counters, with the largest contribution in value, with particular emphasis on KFC and Burger King, influenced by a higher number of units in operation and gains in market share. The “Catering and Concessions” business reached the better perfor- mance, benefited from a larger number of great catering events and the traffic increase in the concession areas, namely the airports in which they operate. The contribution of the Eat Out Group equity restaurants sales amounts to 157.8 million euros, with special emphasis on the 106 million sales in concessions. The need for constant evaluation of the restaurants portfolio led to the decision to close 46 restaurants, 21 equity and 25 franchise. With the market growing, a selective expansion plan was contin- ued. We opened 25 restaurants, 19 equity and 6 franchise, whereby at year’s end we operated 315 equity restaurants in Portugal, 177 in Spain and 10 in Angola. At the end of the year the total number of restaurants (equity and franchised) was 646, distributed as follows: 106