• TelePizza parent posts losses following '01 withdrawal from U.K., Morocco

MADRID -- TelePizza Group, parent of Spanish pizza delivery chain TelePizza, lost 8.17m euros (U.S. $7.5 million) last year as a result of its withdrawal from markets in the UK and Morocco. The move cost the company 19.22m euros (U.S. $17.6 million).

According to Expansion, TelePizza's net profit was up 1.8 percent to 5.13m euros (U.S. $4.7 million). Sales were 342.8m euros (U.S. $313.5 million), down less than 1 percent from the prior year.

On May 7, TelePizza shares closed at 1.31 euros (U.S. $1.20), down 5 percent.

Spanish stock analysts expect TelePizza shares to be withdrawn from the Ibex 35 index at the next revision.

Related Content

User Comments – Give us your opinion!
Products & Services

Digital Menu Boards

http://global.networldalliance.com/new/images/products/6681.png

6681/Digital-Menu-Boards

DriverAdvisor Fleet Monitoring

http://global.networldalliance.com/new/images/products/DriverAdvisor_iix.gif

1425/DriverAdvisor-Fleet-Monitoring

Chicken

http://global.networldalliance.com/new/images/products/6793.png

6793/Chicken

Free Menu Board Media Player Promotion

http://global.networldalliance.com/new/images/products/6675.png

6675/Free-Menu-Board-Media-Player-Promotion

Quad Core Menu Board Media Player - $199

http://global.networldalliance.com/new/images/products/6679.png

6679/Quad-Core-Menu-Board-Media-Player-199

Sourcing

http://global.networldalliance.com/new/images/products/6407.png

6407/Sourcing

Enterprise Reporting & Management

http://global.networldalliance.com/new/images/products/6813.png

6813/Enterprise-Reporting-Management

Put your menu in your customers' pocket

http://global.networldalliance.com/new/images/products/1293.png

1293/Put-your-menu-in-your-customers-pocket

Food Cost Management

http://global.networldalliance.com/new/images/products/6401.png

6401/Food-Cost-Management

Restaurant Digital Signage Advertising Network

http://global.networldalliance.com/new/images/products/6691.png

6691/Restaurant-Digital-Signage-Advertising-Network

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.