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Kotipizza Group Oyj: Kotipizza chain's same-store sales increased by 14.4 percent in October

GlobeNewswire Tuesday, 7 November 2017 ()
*Kotipizza Group Oyj*
*Stock Exchange Release 7 November 2017 at 9am (EET)*
*Kotipizza chain's same-store sales increased by 14.4 percent in October*

Total sales of restaurants in the Kotipizza chain, part of Kotipizza Group Oyj, grew by 16.0 percent in October compared to previous year. Same-store sales, based on sales figures from 233 restaurants, rose by 14.4 percent.

This year, the sales in October amounted to 9.13 million euros compared with 7.87 million euros last year. October 2017 boasted the third-best sales in Kotipizza's history. The record for monthly sales, 9.93 million euros, dates from July 2017.

October 2017 included, the Kotipizza chain's monthly sales have exceeded 8 million euros in eight consecutive months and 9 million euros in two consecutive months. October 2017 included, the chain's sales have risen for 31 consecutive months.

The chain's brick-and-mortar restaurants increased their sales by 17.4 percent and shop-in-shop locations by 8.9 percent. Online store sales grew by 23.4 percent to 778 000 euros. Figures for online sales are mainly based on the sales reported by 71 restaurants offering home delivery and count towards the sales of brick-and-mortar restaurants.

Since the beginning of the current financial year (1 February to 31 October), cumulative chain sales have increased by 18.5 percent compared to last year, amounting to 78.2 million euros.

*The Kotipizza chain's monthly sales in Finland*

*October* *2017* *2016* *Change (%)*
Monthly sales (euro thousands) 9 127 7 867 16.0
Brick-and-mortar restaurants  7 749 6 602 17.4
Shop-in-shop restaurants 1 379 1 265 8.9

Online store sales (euro thousands, included in the sales of brick-and-mortar restaurants)  

778  

630  

23.4

Number of Kotipizza restaurants  

259  

255  
Brick-and-mortar 162 151  
Shop-in-shop 97 104  

Restaurants offering home delivery  

71  

64  

*
Kotipizza Group Oyj *
Tommi Tervanen, CEO

*For more information:*
Tommi Tervanen, CEO
tel. +358 207 716 743

Timo Pirskanen, CFO and Deputy to the CEO
tel. +358 207 716 747

*Kotipizza Group in brief*
Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial year 2016, the number of restaurants stood at 257. In the financial year 2016, the total sales of Kotipizza restaurants amounted to EUR 89.9 million. The Kotipizza chain is part of the Kotipizza Group, alongside the supply and logistics company Helsinki Foodstock Oy and the Mexican-style restaurant chain Chalupa, launched in 2015.
In the financial year 2016, Helsinki Foodstock had net sales of EUR 53.2 million and the total sales of Chalupa restaurants were EUR 1,04 million. In the same period, the Kotipizza Group had net sales of EUR 66.6 million with a comparable EBITDA of EUR 6.73 million.

Release Kotipizza chain sales October 2017
--------------------This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Kotipizza Group Oyj via GlobeNewswire

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