Premiere Capital plc has registered a consolidated revenue of €714 million in 2024, with a post-tax profit of €50 million. 

This represents an 11 per cent increase from the previous year, which saw the group recorded €645.6 million in consolidated revenue.

Premier Capital plc, a company which forms part of Hili Ventures, served 90 million customers across of of its six markets in 2024, a record-breaking number for the company, from 85 million the previous year.

The results were announced as part of Premier Capital’s Annual Report for the financial year ended 31st December 2024, released on Friday. 

The increase in guests served was mainly achieved through the group’s network expansion, with 11 new locations opened last year, taking the total to 193 restaurants.

Premier Capital is the developmental licence for popular fast food chain McDonald’s in Estonia, Greece, Latvia, Lithuania, Malta, and Romania, operating 193 restaurants and employing over 11,000 people.

In addition to opening new stores, the group made significant investments in infrastructure, technology and sustainability. A total of €39 million in capital expenditure was allocated to opening new restaurants and refurbishing existing ones, introducing some of the latest innovations to customers while investing in renewable energy generation and more efficient equipment, to enhance environmental performance. 

In line with increased guest counts, Premiere Capital registered consolidated revenue of €714 million for the year ended December 2024, with EBITDA reaching €103 million. This resulted in post-tax profit totalling €50 million as compared to the post-tax profit of €44 million as projected in the financial analysis summary Report issued by the company in June 2024.

Revenue growth was recorded across all markets with the most significant relative growth recorded in Romania (+15 per cent year-on-year), followed by Malta (+7.7 per cent) and Latvia (+7.2 per cent). Romania maintained its position as the largest revenue driver responsible for 56 per cent of group revenues, followed by Greece with a 15 per cent share and Lithuania at 9 per cent.

During the year the Board of Directors declared to ratify total interim net dividends amounting to €55 million which were distributed to the members of the Company during the financial year 2024 and upheld a recommendation of the Board of Directors to declare that no final dividend will be distributed to the members.

Find the full report here.