Kotipizza Group Oyj - Company Announcement

Kotipizza Group Oyj: Kotipizza Group upgrades its outlook for the financial year

Kotipizza Group Oyj

Stock Exchange Release 23 August 2016 at 2.00 pm (EET)

Kotipizza Group upgrades its outlook for the financial year

Kotipizza Group Oyj upgrades its outlook for the financial year ending 31
January, 2017. The reasons for the upgrade are the unexpectedly strong sales
growth in the Kotipizza chain and the management's outlook on the sales in the
remaining period of the financial year.

New outlook

The Group estimates for the full financial year that the chain-based net sales
will grow by over ten (10) per cent as compared to the previous financial year
and that comparable EBITDA will grow significantly as compared to the previous
year.

Old outlook, provided on 23 March, 2016, and reiterated on 20 June, 2016

The Group estimates for the full financial year that the chain-based net sales
will grow by over five (5) per cent as compared to the previous financial year
and that comparable EBITDA will grow as compared to the previous year.

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 upgrades its outlook for the financial year.pdf