llaollao, the Spanish group that owns the leading frozen yogurt brand, ended 2023 surpassing its business objectives and closing the year with record figures in all key aspects of its financial statement. This is a historic milestone for the company, confirming the success of its recent strategy, which focused on expanding its presence in the Asian market, with the most significant growth occurring in Malaysia.

Accordingly, llaollao concluded the period with a net turnover of €41.3 million (MYR 210.5 million), representing a 43% increase over 2022. EBITDA reached €10.3 million (MYR 52.5 million), marking a 46% increase compared to the figure achieved in 2022 (which was €7.1 million/MYR 36.2 million). 

The announced figures demonstrate significant growth compared to the previous year, which is once again the result of strong financial growth and efficient operational management. Moreover, the company has exceeded its own expectations by surpassing the budgeted EBITDA (the announced target was to achieve €8.5 million/MYR 43.3 million) and has thus reaffirmed its ability to adapt and exceed ambitious goals. 

These numbers are framed within a healthy balance sheet with virtually zero indebtedness (the debt at the end of last year with credit institutions was only €0.3 million/MYR 1.5 million, showing responsible resource management). Llaollao has benefited from its liquidity generation capacity due to its high cash flow, which has enabled organic investments with new openings and an increased presence in strategic markets. Additionally, thanks to this, the Group was able to explore and develop new alternative business avenues in 2023 to capitalize on this differentiating characteristic and expand its product portfolio. 

Regarding the total global sales figure to the end customer in 2023 (which includes the total sales generated by both company-owned stores and franchise and master franchise arrangements internationally), it reached €104.5 million (MYR 532.6 million), comparing very positively with the €79.9 million (MYR 407.2 million) from twelve months earlier (representing a 31% growth) and the €100 million (MYR 509 million) estimated by the company itself. 55% of these sales came from outlets located in Asia and 40% in Europe. 

In summary, in 2023, llaollao once again surpassed the record figures achieved the previous year and clearly reinforced its leading position. 

Pedro Espinosa, co-founder and CEO of llaollao, commented: "We are very pleased with the financial performance in 2023. Last year was a period of growth and strengthening for our company, confirming that we are on the right path, and we have adopted an appropriate strategy. We are eager to continue innovating and expanding our business in the future." 

"The results of llaollao in 2023 confirm our commitment to operational excellence, product quality, and customer satisfaction, and thus consolidate our position as an industry leader. As we have stated before, the brand will continue to generate a profit and increase market share through solid organic growth with new openings. Furthermore, these figures reinforce our conviction that it is essential to continue to analyze all growth opportunities in new markets that make strategic sense, always prioritizing the profitability of our points of sale," concludes Pedro Espinosa. 

Store locations: Strong expansion in Asia with close to 400 outlets globally. 

At the end of 2023, the Spanish brand had established 396 stores globally, representing a 34% growth. In Spain, it has 145 points of sale, 50% of which (72) are company-owned stores managed directly by the business group. 

Additionally, the company has significantly increased its international presence since 2022, especially in markets considered more relevant and with greater potential for the brand's future. Currently, llaollao has a prominent presence in Malaysia (where it opened its 100th store in 2023, now exceeding 118 establishments, making it the Spanish food & beverage restaurant brand with the highest presence in the country), Indonesia (with 26 points of sale, a 45% increase in one year), Singapore (with 12 points of sale), and the Philippines (with 51 locations, nearly tripling its presence since 2022 and also establishing itself as the Spanish brand with the strongest presence). 

With 217 open points of sale, Asia has the highest presence of llaollao measured by the number of establishments. In this geographical region, frozen yogurt enjoys a fantastic reception, and the brand has very high visibility, providing significant growth potential and attractive development prospects. Furthermore, our brand has also consolidated its presence in the Americas with 22 points of sale after opening three new establishments on the continent (two in El Salvador, where it now has a total of 13, and one additional store in Bolivia).

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