Kotipizza Group Oyj
Stock Exchange Release 7 February 2017 at 10.00 am (EET)
Kotipizza Group`s subsidiary Helsinki Foodstock to co-operate with the Street Gastro 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 Street Gastro Oy making it responsible for supply chain management for the chain of restaurants operating under the name Street Gastro in Finland. Nationwide logistics enables expansion of the Street Gastro 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 2017.
"We are excited to be able to support Street Gastro`s expansion in Finland. Our co-operation especially natural as we are specialized in providing logistics services to chain-operated companies", says Anssi Koivula, managing director of Helsinki Foodstock.
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 enable us to expand nationwide. We are pleased to have found a reliable partner", says Pertti Kallioinen, managing director of Street Gastro Oy.
Street Gastro is a restaurant chain specialized in high-quality street food. The chain currently operates three restaurants in Helsinki and will open new restaurants in Tapiola and Matinkylä in Espoo and in Tikkurila in Vantaa during spring 2017. Street Gastro also operates at events and festivals and offers catering services.
More information:
Anssi Koivula, Managing Director, Helsinki Foodstock Oy, +358 207 716 542
Pertti Kallioinen, Managing Director, Street Gastro Oy, +358 44 546 4743
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.
Foodstock to co-operate with the Street Gastro
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Source: Kotipizza Group Oyj via GlobeNewswire
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