Q4 2025 Europris ASA Earnings Call Transcript
Key Points
- Europris ASA (STU:2RG) reported a 5.3% increase in total sales for the fourth quarter, with a 4.1% growth in constant currency.
- The company achieved an 8.6% increase in EBIT, driven by a higher gross margin and a decreased OpEx to sales ratio.
- In Norway, Europris ASA (STU:2RG) demonstrated strong market leadership, growing more than the market without compromising high margins.
- The turnaround efforts in Sweden are beginning to show positive results, with improved store performance and customer spending.
- The company plans to remodel 35 to 45 stores in 2026 and 2027, which is expected to lead to a 10% to 15% sales growth per store post-remodeling.
- Norway's performance in the fourth quarter was slightly below expectations, contributing to mixed analyst reactions.
- Despite improvements, Sweden's customer traffic continued to decline, posing a challenge for the company's turnaround efforts.
- The remodeling of stores in Sweden will result in temporary closures, leading to an estimated sales loss of NOK2 million per store.
- The company's net profit for the full year was down by 2.8%, reflecting ongoing challenges in the Swedish market.
- The financial impact of the store remodeling in Sweden is not expected to contribute positively to EBIT in 2026.
Good morning, everyone, and welcome to Europris presentation of the results for the fourth quarter. Joining me on stage today, you will see CFO, Stina Byre, who will present the financial details later on. And as always, IR Officer, Trine Englokken will manage the Q&A session at the end of the presentation. We will start with questions from our live audience today, and then we will continue with the questions from the web.
And please free to type in your questions as we speak. And today, we present the results for the fourth quarter, which for most retailers, is the biggest quarter of the year. And from the first analyst report. This morning, I can see that the reactions are a little bit mixed. And to some extent, I actually agree to that.
Norway came in a little bit soft, slightly below expectations, while Sweden surprised on the positive side. And for both segments, I would actually urge everyone to take a step back and look at the full year figures for '25, which we also report today.
Sweden has been a lot of hard work
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