Rodilla’s restaurants quadrupled their profits in 2021, with profits of $3 million last year

The entrance to the local Rodella in Madrid.

Rodella improved his 2021 results last year, with a profit of €3.03m. This figure represents an increase of almost 300% compared to 2021, when the company earned 782,072 euros. The trajectory of the popular restaurant chain has been complicated in 2020, with the outbreak of the pandemic. At that time he went from signing a result Net 6.9 million euros net in 2019 for losses of 5.2 million in the year of the pandemic. Leaving the red numbers behind in 2021 still marked by restrictions and restrictions on mobility, with recently published results still a far cry from pre-pandemic benefits.

On the other hand, sales From the chain that specializes in sandwiches It increased by 30% throughout 2022, rising from 35.5 million in 2021 to 46.1 million last year. The Madrid company, which has owned multinational brewery Damm since 2012, had a gross operating result (Ebitda) of €5.6m, up 185% from 1.9 in 2021. For its part, gross margin on sales – obtained by subtracting cost – remained at 34% in the year-on-year comparison.

Rodilla Sánchez SL, the company that operates the company’s own restaurants, has 612 employees and its personnel expenses were 15 million euros last year, up 21.6% from 2021. Although its workforce has also grown by 114 employees. In addition to the Symbolic Cafeterias, the group also incorporates Jamaica Cafeterias and Cafe Indias.

On the other hand, the company’s total assets grew by 7.13% between 2021 and 2022. The growth was less in the case of non-current assets, which grew by 4.22%. Thus, this growth was funded by an increase in net worth by 10.60% and, to a lesser extent, by an increase in debt by 3.45%. On the debt side, long-term debt is down from 5.5 million in 2021 to around 400,000.

In 2019, just before the outbreak of the Coronavirus crisis, and after achieving good results in its expansion throughout the national territory, the company headed by Maria Karceler launched an international adventure with the opening of several stores in Miami. These stores are part of the subsidiary that the company owns in the United States (Rodilla Sánchez US) and which, as indicated in its annual balance sheet, has received a €9.6 million loan from the Spanish part of the company.

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