McDonald’s licencee Premier Capital exceeds €200 million turnover in 2016

Premier Capital registered a turnover of over €200 million in 2016, more than doubling its figure since the acquisition of the Romanian market last January

12 May 2017, 2:04pm
Premier Capital opened one restaurant in Malta, two in Romania and another in Greece
Premier Capital opened one restaurant in Malta, two in Romania and another in Greece
Premier Capital, the Maltese-owned developmental licencee for McDonald’s in six European markets, in 2016 registered a turnover of over €200 million – more than double since the acquisition of the Romanian market in January of that year.

In 2016, the group registered an operating profit of €21.2 million. After accounting for investment income and finance costs, the group registered a pre-tax profit of €16.5 million. The group’s net assets for 2016 amounted to €41.6 million. Premier Capital plc also launched a €65 million bond issue to the public last year which has been listed on the Malta Stock Exchange.

The Romania acquisition brought 67 additional restaurants to Premier Capital’s portfolio in 2016. Overall, Premier Capital’s portfolio continued to grow with the opening of one restaurant in Malta, two in Romania and another in Greece, with nine more restaurants due to open across Premier Capital’s footprint in 2017. 

Furthermore, three restaurants in Romania and two restaurants in the Baltic states – Estonia, Latvia and Lithuania – were remodelled.

Across the Baltic states, Malta and in Romania, the McDonald’s brand remains the market leader in the Informal Eating Out sector and market share and user base continues to expand on the back of enhanced customer service.

In total, in the Baltic states, Greece, Malta and Romania, Premier Capital served 105 million customers last year, its highest number to date. 

Premier Capital managing director Victor Tedesco said that the company was following an ambitious investment programme to open more restaurants and modernise existing ones.

“We are committed to bringing increased innovation to all restaurants around our footprint and offer ever more value and choice to our customers,” he said.