IBERSOL | Integrated Management Report 2022

CONSOLIDATED FINANCIAL PERFORMANCE The “Continued Operations” represent a total business volume of 355.6 million euros at the end of the year, compared to the 204.0 million euros registered in 2021, which equals 74.3% growth. Turnover (million euros) 2022 2021 Var. 22/21 Sales of Restaurants 515,9 348,6 48,0% Sales of Merchandise 14,7 7,2 105,5% Services Rendered 3,1 1,6 88,7% Turnover 533,7 357,3 49,3% Discontinued Operations -178,1 -153,3 16,1% Continued Operations Turnover 355,6 204,0 74,3% The fourth quarter of 2022 saw a continuation of the good performance registered in the previous months, reaping the benefits of a speedy re- covery of tourism, which carried on past the traditionally strong holiday months, in tandemwith the effect of price rises which were occasionally introduced to offset the significant price hikes of raw material. In Portugal, and adjusting for the effect of the end of Burger King op- erations at the end of November, sales in the last quarter continued to be around 30% higher than in 2019. In Spain the fourth quarter was characterised by recovery of passenger traffic to 2019 levels in most of the airports in which we operate restau- rants, with the exception of the Madrid, Alicante, and Barcelona airports, which by December 2022 had not yet managed to achieve the traffic rates of December 2019, especially the latter, which was still 10% short of reaching pre-pandemic levels. Sales in Angolan restaurants reflect the evolution of the local currency, and do not include gains derived from its valuation in relation to the euro and the dollar. 142