Norway · Delayed Price · Currency is NOK Europris ASA Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw double-digit sales growth and a return to profitability, driven by strong operational execution and early Easter timing. Norway led with volume-driven gains, while Sweden's turnaround progressed with store upgrades and improved margins.
Fiscal Year 2025
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Q4 saw 5.3% sales growth and 8.6% EBIT increase, with Norway outperforming and Sweden showing early turnaround signs. Full-year sales rose 16.7%, but net profit dipped 2.8% due to Swedish restructuring. Dividend up 7.1%, and 2026 outlook remains positive.
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Q3 saw 9% sales growth and a 53% EBIT increase, led by strong performance in Norway and early positive results from Swedish store remodels. The group expects flat Swedish results in 2026, with major profit uplift from 2027 after large-scale remodeling.
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Strong sales and EBIT growth in Norway offset losses in Sweden, with integration of ÖoB progressing and the first remodeled store showing promising results. Group EBIT rose in Q2, but first half EBIT declined year-over-year due to Sweden. Strategic investments and positive market outlook support continued growth.
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Sales surged 45% year-over-year due to the ÖoB acquisition, but EBIT turned negative from currency losses and integration costs. Norway showed underlying growth, while ÖoB in Sweden faced a 7.3% sales decline amid turnaround efforts. Net profit was negative NOK 80 million.
Fiscal Year 2024
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Q4 saw strong sales and margin growth in Norway, with group EBIT up 12.7% year-over-year. Integration of ÖoB in Sweden is progressing, though still loss-making, and the board proposes a 7.7% higher dividend. Consumer outlook is improving as inflation falls and real wages rise.
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Group sales surged 50.4% year-over-year, driven by the ÖoB acquisition and 4.4% organic growth, but EBIT and net profit declined due to margin pressure and losses in Sweden. The integration of ÖoB is on track, with operational improvements underway and a positive long-term outlook.
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Q2 sales rose 34.6% to NOK 3.1 billion, driven by the ÖoB acquisition, though EBIT declined due to integration costs and margin pressure. The group targets SEK 1 billion sales growth and a 5% EBIT margin for ÖoB by 2028, supported by a NOK 300 million investment plan.