Kotipizza Group Oyj Stock Exchange Release 16 December 2015 at 9.00 am (EET) Kotipizza Group's subsidiary Helsinki Foodstock to co-operate with the Fafa's 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 Fafa's Plats Oy making it responsible for supply chain management for the Fafa's chain of restaurants in Finland. Nationwide logistics enables expansion of Fafa's chain to cover all of Finland. As the chain's logistics partner, Helsinki Foodstock will be responsible for the supply chain from suppliers to coffee shops. The agreement is estimated not to have a significant effect on Kotipizza Group's earnings in 2015. "We believe strongly in the Fafa's concept and are proud to enable the chain to 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 major clients include the restaurants in the Kotipizza chain, Subway restaurants operating in Finland, as well as Rolls restaurants. "Logistics provided by Helsinki Foodstock enables our expansion in Finland. We are very excited to start successful co-operation", says Doron Karavani, managing director of Fafa's Plats Oy. Currently there are four restaurants in the Fafa's chain. The chain is planning to become a franchising chain. The company also provides catering services.
More information: Tommi Tervanen, CEO, Kotipizza Group Oyj tel. +358 207 716 743 Anssi Koivula, Managing Director, Helsinki Foodstock Oy, Chief Procurement Officer, Kotipizza Group Oyj tel. +358 207 716 543 Antti Isokangas, CCO, Kotipizza Group Oyj tel. +358 207 716 716 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.
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