Dodo Pizza’s revenue for 2023 increased 1.5 times to 84 billion rubles – Kommersant
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The revenue of the Dodo Pizza pizzeria chain at the end of 2023 amounted to 84.3 billion rubles, follows from the report published by the company (.pdf). The indicator increased by 43.7%, which is 1.5 times more than the 2022 result.
In the last quarter of 2023, the company increased revenue to RUB 24.2 billion, which is 49% more than the previous figure. In 2023, Dodo Pizza opened 43 locations, ending the year with 1,027 locations in 118 countries.
At the end of the year, adjusted EBITDA amounted to RUB 1.2 billion. In 2022, the figure was 821 million rubles. At the same time, in the fourth quarter of 2023, a revision of EBITDA to RUB 221 million was recorded, which is 36.4% more than the same period. In the fourth quarter of last year, cash flow amounted to RUB 211 million, compared to RUB 9 million in 2022. Cash less debt at the end of the quarter amounted to RUB 1.2 billion.
The Dodo Brands company owns the Dodo Pizza pizzeria chain, Drinkit coffee shops and Doner 42 cafes. The company’s founder, Fedor Ovchinnikov, opened the first Dodo Pizza cafe in 2011 in Syktyvkar. In July 2023, Mr. Ovchinnikov announced about resigning from the post of General Director. His successor was the head of Dodo Brands in the USA, Alena Tikhova.
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