IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT Turnover Angola Spain Portugal Mn Euros 2018 500 450 400 350 300 250 200 150 100 50 0 2019 261 211 13 226 206 18 The impact of the reduction in the number of concessioned restaurants in this important airport in May 2018, eased towards the end of 2019, with the opening of most of the final infrastructures of the new conces- sions, which contributed to a 2.4% growth in business volume, including in sales of goods and franchises. Operations in 2019 are therefore marked by growth in Portugal, which allowed the group to minimise the TWO main impacts which affected its activity: a) a 24% reduction of activity in Angola, in euros, in a year marked by continued recession, aggravated by 16.9% inflation and a steep deva- luation of the Kwanza in relation to the euro, of 56% b) operation in provisional spaces during the refurbishing of the new concessions in Spain. 101