IBERSOL | Integrated Management Report 2022

CONSOLIDATED FINANCIAL PERFORMANCE The concessions and catering segment, which was the most penalized over the past two years, saw a consolidation of the recovery of the im- pacts caused by the pandemic which had already begun at the start of the second semester of 2022, and in the fourth quarter sales had already surpassed those of the same period of 2019, due to the increase in passenger traffics verified at the airports in which the Group operates concessioned restaurants, as well to an increase in spending by client and a recovery of corporate and private events, which belies a recovery of confidence levels and of spending habits and trends that had been interrupted by the pandemic. In Spain, where the Group operates restaurants in 7 airports, passenger traffic has been recovering gradually since February, with losses of only 5% in the fourth quarter (12% in the third) when compared to the same period of 2019. Airports in major urban centres presented a slower rate of recovery. In Portugal, airport traffic surpassed numbers for 2019 by 7%, which translates into a higher recovery rate than that of Spain, which is due to its smaller reliance on passengers from markets that are still affected by Covid-19 restrictions, namely in Asia. The combination of these factors led to a steep increase of 135.1% when compared to 2021, not counting the effect of Burger King restaurants in concessioned spaces. Sales in Restaurants (million euros) 2022 2021 Var. 22/21 2022 Continued Operations 2021 Continued Operations Var. 22/21 Continued Operations Restaurants 99,6 73,1 36,1% 99,6 73,1 36,1% Counters 289,9 220,1 31,7% 118,3 71,1 66,4% Concessions & Catering 126,4 55,3 128,5% 120,1 51,1 135,1% Total Sales 515,9 348,6 48,0% 337,9 195,3 73,0% 144