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2016-03-24 12:01:07 CET 2016-03-24 12:01:07 CET REGULATED INFORMATION Kotipizza Group Oyj - Company AnnouncementKotipizza Group Oyj: Kotipizza Group's subsidiary Helsinki Foodstock to co-operate with the Siipiravintola restaurant chainKotipizza Group Oyj Stock Exchange Release 24 March 2016 at 1.00 pm (EET) Kotipizza Group's subsidiary Helsinki Foodstock to co-operate with the Siipiravintola restaurant chain Helsinki Foodstock Oy ("Helsinki Foodstock"), a sourcing and logistics operator wholly owned by Kotipizza Group Oyj ("Kotipizza Group") has signed an agreement with Muurahaiskarhu Oy making it responsible for supply chain management for the chain of restaurants operating with name Siipiravintola in Finland. Nationwide logistics enables expansion of Siipiravintola chain to cover all of Finland. As the chain's logistics partner, Helsinki Foodstock will be responsible for the supply chain from suppliers to restaurants. The agreement is estimated not to have a significant effect on Kotipizza Group's earnings in 2016. "We are excited to be supporting Siipiravintola chain expand in the Finnish market. What makes our co-operation especially natural, is the fact that we are specialized in providing logistics services to chain-operated companies", says Anssi Koivula, managing director of Helsinki Foodstock and Chief Procurement Officer of Kotipizza Group. Helsinki Foodstock offers sourcing, logistics and assortment 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 clients include the restaurants in the Kotipizza chain and Subway restaurants as well as Espresso House coffee shops operating in Finland. "Efficient logistics enables our nationwide expansion. We are pleased to have found a reliable partner", says Tommi Leino, managing director of Muurahaiskarhu Oy. Siipiravintola chain offers chicken wings and other fingerfood. Currently there are Siipiravintola restaurants in Turku, Valkeakoski and Lahti. The next restaurant will be opened in Helsinki. The chain is planning to expand as a franchising chain also elsewhere in Finland. The company also provides catering services. More information: Anssi Koivula, Managing Director, Helsinki Foodstock Oy, Chief Procurement Officer, Kotipizza Group Oyj tel. +358 207 716 542 Tommi Leino, Managing Director, Muurahaiskarhu Oy tel. +358 40 1388 489 Kotipizza Group in brief Kotipizza is a Finnish pizza chain founded in 1987. At the end of 2014, 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. [HUG#1997410] |
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