Jul 10, 2020 / 06:30AM GMT
Espen Eldal - Europris ASA - CEO & CFO
Okay. Thank you. We are back in business again. Welcome to the second quarter presentation of Europris. As I said, I'm still happy to see you. Now we have some extra time to read the materials. COVID-19, as I said, has had a major impact on the quarter, and it has not only been on top of Europris' agenda, but it has been on top of the whole society agenda for the quarter. And we are really humbled when we see the effects of the pandemic for the Europris numbers. It's still too early to conclude on the long-term effects of the COVID-19. But short-term, Europris has obviously been in a position to get positive effects into the numbers.
When we look at second quarter of 2020, sales grew by record numbers due to the high sales following COVID-19. It was 34.6% like-for-like growth. And during the quarter, we have demonstrated solid gross margin management through balancing of the campaigns and also the product offering. Gross margin increased to 43.9%, up by 1.5% points from last year.
OpEx to sales ratio was reduced to 20.5%, that's a reduction from
Q2 2020 Europris ASA Earnings Call Transcript
Mar 01, 2024
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