IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 In order to allow for comparisons with other companies from this sector, and with previous financial years, the group uses operational performance indicators, as mentioned throughout this section, whose definitions can be found in the glossary. Following the sale of Burger King operations in Portugal and Spain at the end of November 2022, all Burger King activity pertaining to 2022 and of the restaurants that had not yet been alienated in 2023 is reported as “Discontinued Operation” with regards to financial information reporting. Turnover The year 2023 was marked by a demanding economic context, with increased pressure on families’ purchasing power as a result of high levels of inflation in parallel with rising interest rates in the markets in which we operate. Faced with the progressive retraction of consumption by families, the Group remained focused on maintaining sales volumes, with occasional price increases having absorbed part of the impact by reducing margins, without neglecting the fulfilment of the investment plan to open new restaurants. This effort ensured significant growth in “Continuing Operations” of 17.6% in 2023, with a turnover of 418.2 million euros compared to 355.6 million euros in 2022, with 5% more restaurants operated directly. Consolidated financial performance 145