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llaollao triumphant in the Philippines: Exceeds growth expectations with 51 outlets in 2023, almost tripling its presence
llaollao Headquarters, registered in Spain, closed 2023 with an EBITDA of 10.3 million euros, achieving the best result in its history.
- Total global sales figure to the end customer has risen to €104.5, establishing itself as the Spanish brand with the strongest presence in the country
- The Spanish group achieved a net turnover of €41.3 million and continued to strengthen its balance sheet in 2023, with a particular emphasis on the low level of financial indebtedness (debt with credit institutions is only €0.3 million) and the high cash generation
- The positive evolution of all areas of activity, particularly the increase in sales across all its key markets, has been the main reason behind these figures
- In 2023, llaollao opened 93 new points of sale globally (almost 2 stores per week), bringing the total number of establishments to 397 by the end of the year 2023
MANILA, Philippines, May 21, 2024 /PRNewswire/ — llaollao, the Spanish group that owns the leading frozen yogurt brand, ended 2023 surpassing its business objectives and closing the year with record figures in all key aspects of its financial statement. This is a historic milestone for the company that confirms the success of its strategy in recent years. Accordingly, llaollao concluded the period with a net turnover of €41.3 million, representing a 43% increase over 2022. EBITDA reached €10.3 million, marking a 46% increase compared to the figure achieved in 2022 (which was €7.1 million).
The announced figures demonstrate significant growth compared to the previous year, which is once again the result of strong financial growth and efficient operational management. Moreover, the company has exceeded its own expectations by surpassing the budgeted EBITDA (the announced target was to achieve €8.5 million), and has thus reaffirmed its ability to adapt and exceed ambitious goals.
These numbers are framed within a healthy balance sheet with virtually zero indebtedness (the debt at the end of last year with credit institutions was only €0.3 million, showing responsible resource management). 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 capitalize on this differentiating characteristic and expand its product portfolio.
Regarding the total global sales figure to the end customer in 2023 (which includes the total sales generated by both company-owned stores and franchise and master franchise arrangements internationally), it reached €104.5 million, comparing very positively with the €79.9 million from twelve months earlier (representing a 31% growth) and the €100 million estimated by the company itself. 55% of these sales came from outlets located in Asia and 40% in Europe.
In summary, in 2023, llaollao once again surpassed the record figures achieved the previous year and clearly reinforced its leading position.
Pedro Espinosa, co-founder and CEO of llaollao, commented: “We are very pleased with the financial performance in 2023. Last year was a period of growth and strengthening for our company, confirming that we are on the right path, and we have adopted an appropriate strategy. We are eager to continue innovating and expanding our business in the future.”
“The results of llaollao in 2023 confirm our commitment to operational excellence, product quality, and customer satisfaction, and thus consolidate our position as an industry leader. As we have stated before, the brand will continue to generate a profit and increase market share through solid organic growth with new openings. Furthermore, these figures reinforce our intention to continue analyzing all growth opportunities in new markets that make strategic sense, always prioritizing the profitability of our points of sale,” concludes Pedro Espinosa.
Store locations: strong expansion in Asia with close to 400 outlets globally.
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 (where it opened its 100th store in 2023, now exceeding 118 establishments, making it the Spanish food & beverage brand with the highest presence in the country), Indonesia (with 26 points of sale, a 45% increase in one year), Singapore (with 12 points of sale), and the Philippines (with 51 locations, nearly tripling its presence since 2022 and also establishing itself as the Spanish brand with the strongest presence).
With 217 open points of sale, Asia has the highest presence of llaollao measured by the number of establishments. In this geographical region, frozen yogurt enjoys a fantastic reception, and the brand has very high visibility, providing significant growth potential and attractive development prospects. Furthermore, our brand has also consolidated its presence in the Americas with 22 points of sale after opening three new establishments on the continent (two in El Salvador, where it now has a total of 13, and one additional store in Bolivia).
Press contact:
Kreab
Jose Luis Gonzalez Garcia
E: [email protected]
T: +34 661850384
Paola Luelmo
E: [email protected]
T: +34 639973417
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HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.
Launch of Physical Cards
COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.
Wallet Growth Milestone
The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.
Transaction Volume Surge
In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.
Integration with Revolut
COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.
Award Recognition
COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.
New Strategic Partnerships
COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.
Welcoming Pavel Matveev
COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.
Season 2 Point System Launch
Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.
NFT Giveaway
In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.
For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.
Website: coca.xyz
COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
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VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.
GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.
Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.
For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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Latest News
Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning
DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.
Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.
In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.
On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”
Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”
Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests
About Trust Wallet
Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.
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