Home » today » Business » McDonald’s Latvian Branch “Premier Restaurants Latvia” Sees 30.6% Increase in Turnover and 73.6% Increase in Profit in 2022

McDonald’s Latvian Branch “Premier Restaurants Latvia” Sees 30.6% Increase in Turnover and 73.6% Increase in Profit in 2022

“McDonald’s” manager SIA “Premier Restaurants Latvia” worked with a turnover of EUR 66.139 million in 2022, which is 30.6% more than the year before, while the company’s profit increased by 73.6% up to 3.248 million euros, according to data published by “Firmas.lv”.

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Among them, in Latvia in 2022 “Premier Restaurants Latvia” earned an income of 38.635 million euros, in Lithuania in the amount of 16.681 million euros, but in Estonia in the amount of 10.823 million euros.

The management report of the annual report states that the company’s income growth last year was ensured by the improvement of the operations of “Premier Restaurants Latvia” after the impact of the Covid-19 pandemic.

The report mentions that last year the company worked on strengthening the “McDonald’s” brand, marketing campaigns and improving products. Charity campaigns were also implemented, in which the amount of donated funds exceeded 71,000 euros last year.

The management notes that “Premier Restaurants Latvia” will continue to move towards achieving the strategic goals of market development. Among other things, work is planned on restaurant chain optimization, investment efficiency program, brand development and other improvement measures.

In 2021, “Premier Restaurants Latvia” worked with a turnover of 50.656 million euros and a profit of 1.871 million euros.

The company was registered in 1994, and its share capital is 4,237,289 euros. The owner of “Premier Restaurants Latvia” is “Premier Capital”, registered in Malta.

2023-06-09 09:42:16
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