Close

Kotipizza Group Oyj: The Kotipizza chain's same-store sales increased by 12.5 percent in March

Kotipizza Group Oyj
Stock Exchange Release 10 April at 9am (EEST)
The Kotipizza chain's same-store sales increased by 12.5 percent in March

Total sales of the restaurants in the Kotipizza chain, part of Kotipizza Group Oyj, grew by 21.3 percent in March compared to previous year. Same-store sales, based on sales figures from 242 restaurants, rose by 12.5 percent.

This year, the sales in March amounted to 8.54 million euros compared with the 7.04 million euros last year.

March 2017 boasted the second-best monthly sales in Kotipizza's history. The current record for monthly sales was set in July 2016 at 8.64 million euros. Last month, however, one record was broken as Kotipizza Levi reached the all-time highest monthly sales at an individual restaurant with 140 000 euros.

The chain's brick-and-mortar restaurants increased their sales by 23.4 percent and shop-in-shop locations by 11.7 percent. Online store sales grew by 58.6 percent to 704 000 euros. Figures for online sales are mainly based on the sales reported by 68 restaurants offering home delivery and count towards the sales of brick-and-mortar restaurants.

Since the beginning of the financial year (1 February to 31 March), the cumulative chain sales have increased by 19.5 percent compared to last year, amounting to 15.9 million euros. 

The Kotipizza chain's monthly sales in Finland

March 2017 2016 Change (%)
Monthly sales (euro thousands) 8 543 7 042 21.3
Brick-and-mortar restaurants 7 161 5 236 23.4
Shop-in-shop restaurants 1 382 1 237 11.7
 

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

704
 

444
 

58.6
 

Number of Kotipizza restaurants
 

262
 

252
 
Brick-and-mortar 156 149  
Shop-in-shop 106 103  
 

Restaurants offering home delivery
 

68
 

62
 


Kotipizza Group Oyj

Tommi Tervanen, CEO

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

Timo Pirskanen, CFO
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. In the same period, the Kotipizza Group had net sales of EUR 66.6 million with a comparable EBITDA of EUR 6.73 million respectively.




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