Europris ASA

EPR

Equity

ISIN NO0010735343 / Valor 28494853

Oslo Stock Exchange (2025-03-28)

NOK 84.90-1.22%

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

Sales Growth

In the third quarter of 2024, Europris ASA reported group sales of NOK 3,238 million, marking a significant increase of 50.4% compared to the previous year. This growth includes an organic sales increase of 4.4%, excluding the acquisition of ÖoB. The sales performance was driven by successful campaigns and a broad product range that resonated well with consumers.

Gross Margin

Europris ASA's gross margin for Q3 2024 was 39.7%, down from 45.3% in the same quarter of the previous year. The decline in gross margin is attributed to the inclusion of ÖoB, which has lower gross margins. The organic gross margin, excluding ÖoB, was 43.7%, reflecting the impact of higher inbound freight costs and a weak Norwegian krone.

Operating Expenses

The operating expenses (Opex) for Europris ASA in Q3 2024 were NOK 859 million, with an opex-to-sales ratio of 26.5%. The organic opex was NOK 597 million, showing a slight increase of 4.6% due to the expansion from 255 to 259 directly operated stores. The company managed to maintain its opex-to-sales ratio at the same level as the previous year.

Earnings Before Interest and Taxes (EBIT)

Europris ASA reported an EBIT of NOK 168 million for the third quarter of 2024, compared to NOK 234 million in the same period last year. The EBIT margin was 5.2%, down from 10.9% in Q3 2023. The organic EBIT, excluding the impact of ÖoB, was NOK 212 million, with an organic EBIT margin of 9.5%.

Net Profit

The net profit attributable to the parent company for Q3 2024 was NOK 84 million, a decrease from NOK 144 million in the previous year. The results were negatively impacted by a NOK 45 million negative EBIT from ÖoB and a NOK 12 million negative impact from interest rate swaps, compared to a positive impact of NOK 2 million last year.

Summarized from source with an LLMView Source

Key figures

8.85%1Y

44.4%3Y

207%5Y

Performance

25.3%1Y

26.9%3Y

28.8%5Y

Volatility