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.”

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia