Full Year 2025 Fourlis SA Earnings Call Transcript
Key Points
- Fourlis Holdings SA (FRA:2FH) reported a strong top-line growth with sales up 12% to approximately EUR594 million, driven by network expansion and market share gains.
- Profitability improved with EBIT up 15% to EUR30.7 million, supported by a strong gross profit margin of 47.3% and disciplined cost management.
- The company successfully deconsolidated Trade Estates, strengthening its balance sheet while maintaining exposure to long-term value creation.
- Fourlis Holdings SA (FRA:2FH) continues to expand its store network across all brands, enhancing omnichannel capabilities and improving customer proximity.
- The company is committed to returning value to shareholders through dividends and share buybacks, with total remuneration for 2025 amounting to EUR9.2 million.
- The company faced a softer end to the year, particularly in the home furnishings market, which impacted the achievement of its adjusted EBITDA target.
- There is increased macro and geopolitical uncertainty, including potential impacts from the Iran conflict on energy costs and consumer confidence.
- The company experienced a significant inventory buildup, partly due to supply chain issues and strategic decisions, affecting operating cash flow.
- The transformation journey is expected to yield significant productivity gains only from mid-2027 onwards, indicating a delay in realizing full benefits.
- The health and wellness segment, while showing potential, remains a small part of the group and is undergoing strategic repositioning, which may take time to yield results.
Ladies and gentlemen, thank you for standing by. I'm Costantino, your chorus call operator. Welcome and thank you for joining the Foulis Group conference call and webcast to present and discuss the full year 2025 financial results.
We have with us today Mr. Vassilis Foulis Chairman Mr. John Vasilakos, CEO Ms. Tessie Latsou, Finance Director and Ms. Elena Pappa, Investor Relations and Corporate Affairs Director. At this time, I would like to turn the conference over to management. You may now proceed.
Good evening and thank you for participating in the conference call for our 2025 results. 2025 has been a very exciting year in many respects. We welcomed our new CEO, John Vasilakos and other top management members.
We de-consolidated Trade Estates and thus, provide a much clearer picture in our annual financial stakes. However, our 47% participation in Trade Estates is a very significant asset for our group, both in terms of profitability but also strategically regarding our trend
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