Kotipizza Group Oyj - Major shareholder announcements

Kotipizza Group Oyj: Kotipizza Group acquires the business operations of Pizzataxi

Kotipizza Group Oyj


Stock Exchange Release 1 February 2017 at 10.00 a.m. (EET)


Kotipizza Group acquires the business operations of Pizzataxi

Kotipizza  Group has acquired  all business operations  of Helsinki Pizzapalvelu
Oy.  The company  operates the  Pizzataxi restaurant  chain which  comprises 22
restaurants  operating in  the Helsinki  region and  Southern Finland. In 2016,
Pizzataxi's chain-based sales amounted to approximately 6 million euros.

Kotipizza  Group  plans  to  merge  the  restaurants  with the operations of the
Kotipizza chain.

"The  acquisition  is  above  all  an  investment  in  entrepreneurship and home
deliveries  in the Kotipizza chain. We  believe that deliveries are increasingly
important  for fast casual chains in  addition to fresh and responsibly produced
food,  high-quality customer experience, and digital services. At the same time,
the acquisition strengthens the Kotipizza chain and its franchisees particularly
in the Helsinki region", says Tommi Tervanen, CEO of Kotipizza Group.



Kotipizza Group Oyj
Tommi Tervanen, CEO


More information:
Tommi Tervanen, CEO
tel. +358 207 716 743

Timo Pirskanen, CFO
tel. +358 207 716 747

Kotipizza Group in brief
Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial year
2015, the  number of restaurants stood at 257 restaurants. In 2015, the sales of
Kotipizza  restaurants were EUR 77.3 million. Kotipizza Group net sales were EUR
56.4 million  for the financial year 2015 with  a comparable EBITDA of EUR 5.03
million respectively.


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Attachments:

Kotipizza Group acquires the business operations of Pizzataxi.pdf