Europris ASA

EPR

Equity

ISIN NO0010735343 / Valor 28494853

Oslo Stock Exchange (2024-12-23)

NOK 71.55+0.77%

Europris ASA
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About company

Europris ASA is a retail company based in Norway that operates a chain of stores offering a wide range of quality private-label and brand-name merchandise across 15 product categories. The company's stores, which include both directly operated and franchise locations, are designed to provide customers with a consistent and efficient shopping experience. Europris focuses on purchasing large volumes of goods directly from suppliers in low-cost European and Asian countries to maintain a low-cost operating model. The company's value proposition is centered around high-quality sourcing operations and an optimized supply chain, with a goal of offering customers a diverse selection of products while keeping costs down.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

Europris ASA reported group sales of NOK 3,109 million for the second quarter of 2024, marking a 34.6% increase year-on-year. This growth was driven by the acquisition of Runsvengruppen (ÖoB) and organic sales growth of 3%.

Gross Margin

The gross profit for Europris ASA in Q2 2024 amounted to NOK 1,302 million, with a gross margin of 41.9%. The organic gross margin, excluding the acquisition of ÖoB, was slightly higher at 44.7%, reflecting a 0.2 percentage point increase from the previous year.

Operating Expenditure

Operating expenditure (Opex) for Europris ASA in the second quarter of 2024 was NOK 735 million, up from NOK 497 million in the same period last year. The organic opex ratio increased to 22.7%, influenced by inflation and wage growth.

EBIT and Net Profit

Europris ASA reported an EBIT of NOK 339 million for Q2 2024, with an EBIT margin of 10.9%. The net profit attributable to the parent company was NOK 266 million, benefiting from positive fair value adjustments related to the ÖoB acquisition.

Outlook

Europris ASA is optimistic about its future, aiming to grow annual sales for ÖoB by SEK 1 billion to SEK 5 billion by the end of 2028. The company also expects to achieve purchasing synergies of NOK 20-40 million, enhancing profitability in its Norwegian operations.

Summarized from source with an LLMView Source

Key figures

-5.67%1Y

5.30%3Y

110%5Y

Performance

25.5%1Y

27.2%3Y

29.0%5Y

Volatility