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2017-11-30 13:15:00 CET 2017-11-30 13:15:36 CET REGULATED INFORMATION Kotipizza Group Oyj - Other information disclosed according to the rules of the ExchangeKotipizza Group Oyj: Kotipizza Group acquires majority of shares in Social Food Street BurgerjointKotipizza Group Oyj Stock exchange release, 30 November 2017 at 2.15pm Kotipizza Group acquires majority of shares in Social Food Street Burgerjoint Kotipizza Group has acquired a 51 per cent stake in Day After Day Oy. The company operates the Social Food Street Burgerjoint restaurant in the Sörnäinen district of Helsinki and a food truck operating under the name Social Food. Mika "Pikkis" Tuomonen and Herkko Volanen will continue as minority stakeholders in Day After Day Oy and as restaurateurs of Social Food Street Burgerjoint. Mika Tuomonen is known as the winner of the 2012 MasterChef Finland competition. "The burger, and particularly the premium burger, market continues to grow everywhere in Finland. Social Burger has quickly established itself as the best and the most successful premium burger restaurant in Helsinki by emphasizing quality and responsibility, and by also offering vegetarian options. There is demand everywhere in Finland for just this kind of a chain with a passion for burgers", says Tommi Tervanen, CEO of the Kotipizza Group. The Social Food food truck has operated at various events since 2013 and the Social Food Street Burgerjoint restaurant has operated in Helsinki since January 2016. Day After Day Oy is contracted to open a new restaurant at the Redi shopping center which is set to open in Kalasatama, Helsinki in 2018. "It has been clear to us from the beginning that we want to build Social Burger into the first nationwide premium burger chain in Finland. It has also become clear that Kotipizza Group is exactly the right, strong partner for us. We share the same passion and the same values based on corporate responsibility", says Mika Tuomonen, Creative Director and The Burgermeister of Day After Day Oy. For more information: Tommi Tervanen, CEO, Kotipizza Group Oyj tel. +358 207 716 743 Timo Pirskanen, CFO and Deputy to the CEO, Kotipizza Group Oyj tel. +358 207 716 747 Herkko Volanen, COO and Commander-in-Beef, Day After Day Oy tel. +358 45 111 7920 Mika Tuomonen, Creative Director and The Burgermeister, Day After Day Oy tel. +358 44 275 1336 Kotipizza Group in brief Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial year 2016, the number of restaurants stood at 257. In the financial year 2016, the total sales of Kotipizza restaurants amounted to EUR 89.9 million. The Kotipizza chain is part of the Kotipizza Group, alongside the supply and logistics company Helsinki Foodstock Oy and Chalupa Oy that operates the Mexican-style restaurant chain Chalupa, launched in 2015. In the financial year 2016, Helsinki Foodstock had net sales of EUR 53.2 million and the total sales of Chalupa restaurants were EUR 1,04 million. In the same period, the Kotipizza Group had net sales of EUR 66.6 million with a comparable EBITDA of EUR 6.73 million. [] |
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