Europris Asa · OSL:EPR
Europris Asa — Q1 2026 Earnings Presentation
28 slides from Europris Asa's earnings presentation, Apr 23, 2026
Slide 1: Q1 2026 presentation
Q1 2026 presentation 23 April 2026 CEO Espen Eldal CFO Stina Byre
Slide 2: Disclaimer
Disclaimer This presentation has been produced by Europris ASA (the "Company") exclusively for information purposes. This Presentation has not been approved, reviewed or registered with any public authority or stock exchange. Further to the aforementioned, this presentation is the result of an effor
Slide 3: Our growth story
Our growth story Acquired remaining 80% of ÖoB Acquired remaining 33% of Retail sales of ~NOK 15.5bn* Lekekassen Acquired 67% of Strikkemekka Acquired Opened Shanghai 67% of sourcing Lekekassen office (JV with Tokmanni) Acquired 20% of ÖoB Listed on Acquired Oslo Børs by Nordic Capital Acquired by I
Slide 4: Group overview
Group overview A Nordic retailer… …with strong concepts across 383 stores Annual sales Annual EBIT NOK ~15.2bn NOK ~1.4bn 92 Customer club Annual footfall 291 ~4.7 million ~61 million members transactions 4 Figures are based on figures last 12 months at 31 March 2026 for all group companies. Number
Slide 5: Group financial highlights - first quarter
Group - financial highlights - first quarter • Total sales up 12.3% to NOK 3.3bn, and up 11.6% in constant currency • Like-for-like growth of 14.7% for the Europris chain and 7.7% for the ÖoB chain in local currency • Gross margin of 39.5%, up 0.8 pp • Positive EBIT of NOK 71m (loss of 37) • Net pro
Slide 6: Strong performance in Norway and continued traction in Sweden
Strong performance in Norway and continued traction in Sweden • Solid sales growth with increased store traffic and sustained volume growth for Europris • Continued positive performance for ÖoB • Earlier timing of Easter estimated to have positively impacted sales by around 6 pp • Solid growth in re
Slide 7: Europris chain
Europris chain
Slide 8: Fortifying the position as a leading seasonal destination in Norway
Fortifying the position as a leading seasonal destination in Norway • Strong operational performance and solid sales growth, from higher customer footfall and more articles in the basket • Reaffirmed position as a leading destination for seasons, with attractive assortment and successful campaign ex
Slide 9: ÖoB chain and turnaround plan
ÖoB chain and turnaround plan
Slide 10: Continued positive momentum in Sweden
Continued positive momentum in Sweden • Customers responded positively to harmonised and enhanced non-food product range, including seasonal range for Easter • Sales growth reflected higher basket value and increased customer footfall • Operational improvements continuing • Enhanced campaign plannin
Slide 11: Turnaround programme according to plan
Turnaround programme according to plan • Executed three store projects per month, with nine stores successfully upgraded during the first quarter • Plan for five store projects per month in the second quarter, totaling 15 store upgrades • Initial results from stores upgraded during the first quarter
Slide 12: Maintaining our high ambitions to grow ÖoB revenues to SEK 5bn by 2028
Maintaining our high ambitions to grow ÖoB revenues to SEK 5bn by 2028 with 5% EBIT margin Category harmonisation and joint sourcing SEK 5bn Strengthen execution across the 5% EBIT value chain Improve customer experience 12
Slide 13: Financials
Financials CFO Stina C Byre 13
Slide 14: Segment Norway – first quarter
Segment Norway – first quarter 2025 Highlights Norway Key figures – Norway (Q1) 2026 2,3 • Sales increase of 13.7% to NOK 2.3bn 2,1 • Earlier timing of Easter estimated to have contributed with 145 sales growth of around 7 pp 78 • Like-for-like sales growth of 14.7% for the Europris chain • Sales of
Slide 15: Segment Sweden – first quarter
Segment Sweden – first quarter 2025 Highlights Sweden Key figures – Sweden (Q1) 2026 • Reported sales growth of 9.0% and up 6.6% in local 1,0 0,9 currency • Earlier timing of Easter estimated to have contributed with sales growth of around 3 pp • Like-for-like sales growth of 7.7% for the ÖoB chain
Slide 16: Group financials – first quarter highlights
Group financials – first quarter highlights Key figures group, first quarter 2026 • Reported increase of 12.3% and up 11.6% in constant currency Sales NOK 3.3bn • Effect from earlier Easter estimated to around 6 pp • Up 0.8 pp and down 0.2 pp excluding unrealised currency effects Gross margin 39.5%
Slide 17: Group – cash, debt and liquidity
Group – cash, debt and liquidity • Cash flow from operating activities of NOK -163m (-544) Q1 Q1 FY Group cash flow, NOK million 2026 2025 2025 • Normally negative in the first quarter Cash from operating activities (163) (544) 1,471 • Change in net working capital of NOK -340m (-581) – improvement
Slide 18: Outlook
Outlook Europris
Slide 19: Volatile macro landscape
Volatile macro landscape • Continued volatile and uncertain geopolitical environment expected to reignite inflationary pressure and lift interest rates in Norway • Higher and more volatile energy prices expected to adversely impact certain cost components, although affecting all players in the marke
Slide 20: Strategically well positioned
Strategically well positioned • Europris and ÖoB strategically well positioned to benefit as consumers seek value for money and compelling campaigns • Seasonal products for the upcoming spring and summer seasons have been received, and the group is well prepared for this important season • ÖoB turna
Slide 21: Q&A
Q&A Next event: Q2 presentation 9 July 2026
Slide 22: Appendix
Appendix
Slide 23: Content
Content Long-term financial and operational ambitions Sales days and store projects Analytical information Alternative Performance Measures (APM’s) 23
Slide 24: Long-term financial and operational ambitions
Long-term financial and operational ambitions • Europris chain to deliver like-for-like sales growth above the market over time Segment Norway • On average open a net average of five new Europris stores per year • Increase the EBIT margin over time Segment Sweden • Reach SEK 5 billion in sales, with
Slide 25: Segment Norway: Sales days and store projects
Segment Norway: Sales days and store projects Number of sales days Year Q1 Q2 Q3 Q4 Total 2024 75 73 79 80 307 2025 76 71 79 80 306 2026 76 72 79 80 307 Number of store projects (franchise projects in brackets) • 2025 Q1 Q2 Q3 Q4 Total New stores 3 2 1 2 8 Store closures 1 - - 1 2 Relocations / 1 2
Slide 26: Segment Sweden: Sales days and store projects
Segment Sweden: Sales days and store projects Number of sales days Year Q1 Q2 Q3 Q4 Total 2024 90 91 92 91 364 2025 89 91 92 91 363 2026 89 91 92 91 363 Number of store projects • 2025 Q1 Q2 Q3 Q4 Total New stores - - - - - Store closures - 1 - - 1 Relocations / - - - - - expansions Modernisations -
Slide 27: Analytical information
Analytical information1 Seasonality • As a rule-of-thumb, the Easter impact is estimated to NOK 130-200 million in revenue • New store: NOK 2.4 million per store • Relocation: NOK 1.7 million per store Capex • Modernisation/remodelling: NOK 1.5-2.5 million per store • Category development: NOK 25-35
Slide 28: Alternative performance measures (APMs)
Alternative performance measures (APMs) APMs are used by Europris for annual and periodic financial reporting to provide a better understanding of the group’s financial performance. APMs are considered as well-know and frequently used by users of the financial statements and are also applied in inte