Apollo plans to open over a hundred restaurants

TALLINN - Apollo Group, the largest entertainment and restaurant company in the Baltics, plans to open more than 100 restaurants in the Baltic states and Finland in the coming years and introduce new food service brands to the region.

"To secure our position as the largest entertainment and restaurant chain in the Baltic region, we plan to nearly double our number of locations in the near future and increase the group's revenue to half a billion euros. To accelerate our expansion and increase financial independence, we are looking at a stock market listing to raise additional capital," said Toomas Tiivel, CEO of Apollo Group.

"A quarter of the growth could come from new concepts, as well as from introducing existing brands to new markets. We believe that Lido, one of the biggest success stories in the Baltic food business, could operate in more markets, and for this purpose, we are building a major central kitchen in Riga. To offer our customers a 360-degree dining experience, we are also looking to expand into the dessert and coffee sectors," Tiivel said.

Apollo Group's consolidated sales revenue for the 2024/25 fiscal year was 227 million euros, an increase of 6 percent or 14 million euros compared to the previous fiscal year. The group's consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) was 40 million euros, an increase of 12 percent year-on-year.

Founded in 2000, Apollo Group has grown to become the largest entertainment and restaurant company in the Baltics and has also entered the Finnish market. The group includes well-known brands such as Apollo Cinema, Apollo bookstore, Blender, Ice Cafe, Vapiano, KFC, Lido, MySushi, CanCan, and Delano. The group's loyalty program, Apollo Club, has over a million members.