Sfinks unveil expansion plans

At a press conference on Thursday, Sylwester Cacek, CEO of Sfinks, said that the company is set to have 200 restaurants by 2020, compared to the 115 that they presently have, financing the expansion from their own funds. "This year and next year, we will grow by 16 restaurants a year. We have already opened 13 outlets in 2015 and we hope for two or three more. In the next few years, the pace of expansion should accelerate," said Cacek. "For that purpose, we are not planning a share issue, we will finance it from our own funds," Cacek added. The CEO also claimed that the company is on the lookout for acquisitions, but has no specific targets as yet. Sfinks Polska is the largest Polish restaurant company operating in the casual dining sector. It runs chains such as Sphinx, WOOK, and Chłopskie Jadło. At present, 115 restaurants function within those three chains in Poland. Sfinks Polska has been listed on the WSE since 2006.