llaollao hits historic milestone amidst Asia expansion

The brand has 396 stores globally, with 207 located in Asia.

Quick-serve Spanish frozen yoghurt brand llaollao has posted a net turnover of $44.77m (€41.3m) in 2023, a 43% surge compared to 2022 amidst massive growth in its Asia presence.

The brand said it achieved record figures in all key aspects of its financial statement. The llaollao said this is a historic milestone for the company which greatly backs their strategy of focussing expansion in Asian markets.

EBITDA reached $11.16m (€10.3m) marking a 46% increase compared to the figure achieved in 2022. The company also exceeded its expectations by surpassing the budgeted EBITDA (the announced target was to achieve €8.5m) and has thus reaffirmed its ability to adapt and exceed ambitious goals.

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These numbers are framed within a healthy balance sheet with virtually zero indebtedness. 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 capitalise on this differentiating characteristic and expand its product portfolio.

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 (118 stores), Indonesia (26 stores), Singapore (12 stores), and the Philippines (51 stores).

llaollao was founded in 2009 by Pedro Espinosa. The brand serves frozen yoghurt, often customisable with assorted fruits and sauces.

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