IlaoIlao posts $60.4m net turnover in 2023

The total global sales to end customers in 2023 reached $152.9m.

Spanish frozen yogurt brand IlaoIlao reported a net turnover of $60.4m for the fiscal year ending in 2023, a 43% surge compared to the previous year. 

The total global sales to end customers in 2023 reached $152.9m, reflecting a 31% growth compared to the previous year. About 55% of these sales originated from outlets in Asia.

At the end of 2023, llaollao boasted 396 stores worldwide, marking a 34% growth. 

The brand's presence in Spain comprises 145 points of sale, with 50% being company-owned stores. Internationally, llaollao has significantly expanded its footprint, particularly in key markets such as Malaysia, Indonesia, Singapore, and the Philippines.

“The brand will continue to generate a profit and increase market share through solid organic growth with new openings,” said Pedro Espinosa, co-founder and CEO of llaollao. “Furthermore, these figures reinforce our intention to continue analysing all growth opportunities in new markets that make strategic sense, always prioritizing the profitability of our points of sale.”