Brief: Lohilo Foods Dutch Partner Signs Distribution Agreement

Lohilo Foods AB (publ)

17/05/2022 07:03

May 17 (Reuters) - Lohilo Foods AB (publ)  LOHILO.ST :
    * IN THE NETHERLANDS, OUR PARTNER HAS SIGNED A DISTRIBUTION
AGREEMENT WITH THE GROCERY CHAIN ALBERT HEIJN
    * OUR PARTNER IN THE GULF REGION HAS SECURED LISTINGS IN THE
GROCERY TRADE IN KUWAIT AND QATAR
    * WE EXPECT THIS AREA TO HAVE GOOD GROWTH IN 2022
    * OUR LOHILO ICE PRODUCTS WILL INITIALLY BE INTRODUCED IN
200
STORES IMMEDIATELY, WHICH MAY BE EXPANDED BY A FURTHER 700
STORES IN Q3
    * DEVELOPMENTS IN BALTICS ARE ALSO GOOD WITH NEW LISTINGS IN
THREE
DIFFERENT GROCERY CHAINS WITH SALES STARTING IN Q2
    * IN MALAYSIA, WE EXPAND LISTINGS OF OUR LOHILO BEVERAGES
WHICH,
AFTER A TRIAL PERIOD, INCREASE STORE NUMBERS FROM 70 TO 130
STORES

Source text for Eikon:  ID:nWkr60m1b5 
Further company coverage:  LOHILO.ST 

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