Europris ASA (OSL:EPR)
kr 68.7 -0.95 (-1.36%) Market Cap: 11.24 Bil Enterprise Value: 14.70 Bil PE Ratio: 12.54 PB Ratio: 3.07 GF Score: 93/100
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Q3 2022 Europris ASA Earnings Call Transcript

Nov 03, 2022 / 07:30AM GMT
Release Date Price: kr61.65 (+1.65%)
Espen Eldal
Europris ASA - CEO

Good morning, and welcome to this third quarter presentation of Europris. A big welcome to especially the audience we have in the room today. I'm really pleased to see that we have a live audience. And of course, welcome to you who are sitting in the office or at home.

We will have a short presentation, and you will see me on the stage together with Stina Byre, the CFO, who will present the financial details. Trine Englokken is with us today, and she will manage the Q&A session at the end of the presentation. But please feel free to send in questions as we speak.

Let's start with the presentation. And I think Europris delivered a solid performance in the third quarter. Total sales reached NOK 2.05 billion, an increase of 2.8%. Adjusted for the structural growth, it was a sales decline of 0.8%.

The quarter had a rough start in July, especially the physical stores struggled meeting sales from last year as Norwegians went on a well-deserved summer holiday after 2 years of COVID. But then it was back to normal days. And from mid-August, we have

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