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Kotipizza revises upwards outlook for financial year.

NORDIC BUSINESS REPORT-June 6, 2017-Kotipizza revises upwards outlook for financial year

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Finnish pizza chain operator Kotipizza Group Oyj (HEL: PIZZA) revealed on Tuesday that it has upwardly revised its outlook for the financial year ending 31 January 2018.

According to the company, the reasons for the upgrade are the unexpectedly strong sales growth in the Kotipizza chain and the management's updated outlook on sales in the remaining period of the financial year.

Under this revised outlook, the company estimates for the full financial year that the chain-based net sales will grow by over 10%, as compared to the previous financial year and that comparable EBITDA will grow as compared to the previous year.

This compares with the prior outlook, published on 21 March 2017, where the company estimated for the full financial year that the chain-based net sales will grow by over 5%, as compared to the previous financial year and that comparable EBITDA will grow as compared to the previous year.

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Title Annotation:Kotipizza Group Oyj
Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUFI
Date:Jun 6, 2017
Words:181
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