Hero Brands on track to achieve £2.5m EBITDA in 2024
Its F&B portfolio brand GDK also delivered £163.7m system-wide sales.
Hero Brands reported a pre-tax profit of £3.8m on 31 December 2023, with dividends of £6m and delivering £2.5m group EBITDA in 2024.
Its headline F&B portfolio brand German Doner Kebab (GDK) also delivered £163.7m system-wide sales during the same period.
GDK opened 19 new restaurants globally during the 2023 financial period and another 16 in 2024, with a more aggressive pipeline secured for 2025.
Moreover, the Glasgow-based group has also partnered with The Sidemen to launch the fried chicken brand, Sides.
Sides has partnered with a UK developer to open 200 stores over the next ten years and aims to launch 40 restaurants in Singapore within the same timeframe.
Hero Brands is a platform for incubating several F&B brands, including GDK, Choppaluna, and Dirty Bones.
It has over 70 restaurants in London across its various brands and over 200 restaurants across the world.
