Q1 2026 Europris ASA Earnings Call Transcript
Key Points
- Europris ASA (STU:2RG) reported a strong sales growth of 12.3% in the first quarter, with like-for-like growth of 14.7% for the Europris chain.
- The company demonstrated solid operational performance, with improvements in both Norway and Sweden, contributing to an EBIT of NOK71 million.
- Europris ASA (STU:2RG) successfully executed its seasonal product range and campaigns, particularly during Easter, which significantly boosted sales.
- The company made substantial progress in its turnaround program in Sweden, with nine stores remodeled and plans to accelerate this effort.
- Europris ASA (STU:2RG) secured a new loan agreement with increased facilities, ensuring financial flexibility for future operations and investments.
- The timing of Easter had a positive impact on Q1 results but is expected to negatively affect Q2, complicating year-on-year comparisons.
- Gross margins were challenged in Norway due to increased sales of consumables and higher campaign shares, leading to a decline in margins.
- The geopolitical landscape and inflation concerns, particularly in Norway, pose risks to future financial performance.
- Higher energy prices and distribution costs are impacting operational expenses, with potential further increases due to geopolitical tensions.
- The segment in Sweden still reported a significant EBIT loss of NOK74 million, despite improvements, indicating ongoing challenges in the turnaround.
Good morning, and welcome to Europris' first-quarter presentation. My name is Espen Eldal, and as usual, CFO, Stina Byre, will join me on stage in a few minutes to present the financial details for the quarter. And at the end of the presentation, we will have a Q&A session, and that will be managed by IR Officer, Trine Englokken, and please feel free to send in your questions as we speak.
Before we start on today's agenda, I would like to thank ABG for hosting today's event. And I would also like to make a special welcome and good morning to those who have actually showed up in person here today and attending live this presentation.
Let's have a look at the numbers. In the first quarter, we see a strong performance in Norway, and we see continued traction in Sweden. The reported numbers are solid, but please bear in mind that an early Easter boosted sales in the quarter with around 6 percentage points. And as we said a year ago, in retail, when timing of Easter is different from year to year, you have to evaluate us on the first
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
