Q2 2023 Europris ASA Earnings Call Transcript
Good morning, everyone, and welcome to Europris presentation for the second quarter and first half year 2023. It's mid-July, and it's not many people in the room, but I greatly appreciate those who have turned up. And I also thank Carnegie for hosting today's presentation.
My name is Espen Eldal, and I will present the details today together with CFO, Stina Byre, who will give more information about the financials and the IR Officer, Trine Englokken, who will manage the Q&A session at the end of the presentation. (Operator Instructions)
Let's have a look at the highlights for the second quarter. I'm very pleased to see that we gained sales growth in a very competitive market. Sales grew by 4.3%, with a like-for-like growth of 1.1% for the Europris chain.
As expected, the gross margin declined from a record level last year, but the gross margin was still above the pre-pandemic levels with 44.5% in the quarter. I know we report quarter-over-quarter, but sometimes it's worth taking a look at the longer lines and the bigger picture. And overall,
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