|
|||
2015-12-04 13:00:44 CET 2015-12-04 13:00:44 CET REGULATED INFORMATION Kotipizza Group Oyj - Company AnnouncementKotipizza Group Oyj: Kotipizza Group's subsidiary Helsinki Foodstock is to continue providing distribution services to the SUBWAY restaurant chain in FinlandKotipizza Group Oyj Stock Exchange Release 4 December 2015 at 2:00 pm (EET) Kotipizza Group's subsidiary Helsinki Foodstock is to continue providing distribution services to the SUBWAY restaurant chain in Finland Helsinki Foodstock Oy ("Helsinki Foodstock"), a sourcing and logistics operator wholly owned by Kotipizza Group Oyj ("Kotipizza Group") has received a letter of intent from EIPC Limited, a non-profit making organization owned by SUBWAY Franchisees in Europe, confirming the intention to extend Helsinki Foodstock's current contract to provide distribution services to the Subway restaurants in Finland. Helsinki Foodstock will continue to be responsible for managing the supply chain from suppliers to restaurants. The final agreement is not estimated to have a material effect on Kotipizza Group's earnings in 2015. EIPC, formed in 2001, was set up to enable SUBWAY Franchisees to gain from the financial and service discounts that come from purchasing and supplying products in large volumes. Helsinki Foodstock offers sourcing, logistics and other services to the hotel, restaurant and catering industry and the food industry, as well as innovative food products to the retail sector. The company's major clients include the restaurants in the Kotipizza chain, Espresso House coffee shops operating in Finland, as well as Rolls restaurants. More information: Anssi Koivula, Managing Director Helsinki Foodstock Oy tel. +358 207 716 543 Kotipizza Group in brief Kotipizza is a Finnish pizza chain founded in 1987. At the end of 2014, the number of restaurants stood at 260 restaurants. In 2014, the sales of Kotipizza restaurants were EUR 70.5 million. Kotipizza Group net sales were EUR 52.2 million for the financial year 2014 with an EBITDA of EUR 4.3 million respectively. [HUG#1970769] |
|||
|