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

TelePizza parent posts losses following '01 withdrawal from U.K., Morocco
Tags: Public Companies
May 8, 2002

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Spanish stock analysts expect TelePizza shares to be withdrawn from the Ibex 35 index at the next revision.

Photo Gallery

Mellow Mushroom 'High on Thai' menu
Celebrating FastCasual.com's Top 100 Movers & Shakers
NRA's 2013 Kitchen Innovation winners
Order up: EMN8's self-order tech at Domino's, KFC India

» View More Photos

Products & Services

DiamondTouch Point-of-Sale
Features
See the latest in restaurant POS
Leapfrog POS App

» View More Products

	Retail Customer Experience Executive Summit August 13-14, 2013 \| San Diego
	ATM & Mobile Summit – The Future Of Payments September 25-26, 2013 \| Washington, DC
	Fast Casual Executive Summit October 13-15, 2013 \| New Orleans
	View Full Events Calendar

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

Related Content

Features

News

Blogs

User Comments