Q2 2025 Europris ASA Earnings Call Transcript
Key Points
- Europris ASA (FRA:2RG) reported a strong second quarter with sales growth in both Norway and Sweden, contributing to an increase in EBIT for the group.
- The integration of ÃoB in Sweden is progressing well, with successful category upgrades and a positive response from customers.
- Segment Norway showed a sales growth of 6.9% for the first half of the year, with a solid EBIT increase of 16.1%.
- The company has improved efficiency at its central warehouse without compromising service levels, contributing to cost control.
- Europris ASA (FRA:2RG) has outperformed the retail market in Norway, gaining new market shares.
- The acquisition of ÃoB has affected comparable numbers, making it difficult to evaluate underlying performance.
- Segment Sweden reported an EBIT loss of NOK149 million for the first half of the year, driven by lower footfall.
- The gross margin in Sweden remains flat year-to-date, indicating that the modernization journey will take time to show significant results.
- Cash from operating activities was negative, explained by more negative development for networking capital and higher inventories.
- The geopolitical climate remains tense and uncertain, which could impact future performance.
Good morning, everyone and welcome to Europris second quarter presentation. We are gathered at spot about end markets today, so thank you for hosting this event. And if anybody wants a free lunch, you are welcome to join us for the presentation at lunch as well.
I'm Espen Eldal, CEO of Europris, and joining me today, I have CFO, Stina Byre, who'll present the financial details and IR officer, Trine Englokken, and she will manage the Q&A session at the end of the presentation. It's very nice actually to see we have live audience here in the summer weather we're in Oslo. So very welcome to you, and we will start with questions afterwards from the live audience, and then we will take questions from the web. But feel free to type in the questions as we speak.
Today, it's actually one year ago since we presented the acquisition of ÃoB and our plans for how Audy should become a Nordic retail champion. And one year down the road, I can confirm that we are still in the making, but we have made good process on the integration plans we have
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