Europris Asa · OSL:EPR
Europris Asa — Q2 2025 Earnings Presentation
30 slides from Europris Asa's earnings presentation, Jul 10, 2025
Slide 1: Q2 2025 presentation
Q2 2025 presentation 10 July 2025 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: The Europris group
The Europris group A Nordic retail champion in the making… …with strong concepts across 381 stores Annual sales Annual EBIT ~NOK 14bn ~NOK 1.2bn 92 Customer club Annual footfall 289 ~4.4 million ~58 million members transactions 3 Figures are based on approximate and pro-forma figures last 12 months
Slide 4: Financial highlights - second quarter
Financial highlights - second quarter • Group sales of NOK 3.8bn, up 22.3% • One additional month with ÖoB this year and positive timing of Easter • Sales in segment Norway up by 11.7% • Gross margin of 40.6%, down 1.3%-p • Dilutive impact from ÖoB and product mix from a higher share of consumables
Slide 5: Financial highlights – first half
Financial highlights – first half • Group sales of NOK 6.7bn, up 31.3% • Four additional months with ÖoB this year • Strong development for segment Norway with 6.9% growth • Gross margin of 39.8%, down 2.6%-p • Dilutive impact from ÖoB and negative impact from unrealised currency • Opex-to-sales rat
Slide 6: Segment Norway continuing the positive trend
Segment Norway continuing the positive trend • Higher footfall to stores • Strong execution of seasons and campaigns • Good start for the upgraded the home & interior category • Operational improvements • Enhanced service levels and well-stocked stores • Improved efficiency in the value chain • Two
Slide 7: ÖoB integration progressing to plan
ÖoB integration progressing to plan – several milestones achieved • Three category upgrades; kitchen, home & interior and DIY • Conceptual and visual elements • Spacing • Gradual introduction of Europris’ non-food product range • Customers responding well with uplift in sales in the categories and p
Slide 8: Opened first fully remodelled ÖoB store
Opened first fully remodelled ÖoB store • Opened the first fully remodelled store in Uddevalla 18 June • Significant conceptual upgrade • Aligned with Europris’ store concept • Close to full harmonisation of non-food product range • Very positive feedback from existing and new customers • Too early
Slide 9: Maintaining our high ambitions: grow ÖoB revenues to SEK 5bn by 2028
Maintaining our high ambitions: grow ÖoB revenues to SEK 5bn by 2028, with 5% EBIT margin Category harmonisation and joint sourcing SEK 5bn Improve customer experience 5% EBIT Strengthen execution across the value chain 9
Slide 10: Financials
Financials CFO Stina C Byre 10
Slide 11: Segment Norway – second quarter
Segment Norway – second quarter 2024 Highlights Norway Key figures Norway, second quarter 2025 2,7 • Sales increase of 11.7% 2,4 • The Europris chain had a like-for-like sales growth of 11.8%, positively impacted by a later Easter this year • Sales for pure play companies of NOK 127m - up 2.3% 457 3
Slide 12: Segment Norway – first half
Segment Norway – first half 2024 Highlights Norway Key figures Norway, first half 2025 4,4 4,7 • Sales increase of 6.9% • The Europris chain had a like-for-like sales growth of 6.1%, mainly from higher footfall 535 461 • Sales growth both for consumables and non-food, with a somewhat higher share of
Slide 13: Segment Sweden – second quarter
Segment Sweden – second quarter 2024 Highlights Sweden Key figures Sweden, second quarter 2025 • Sales of NOK 1.1bn 1,1 • One additional month this year in reported group figures 0,7 • Like-for-like sales increase of 4.7% in local currency for the entire second quarter both years • Positive timing e
Slide 14: Segment Sweden – first half
Segment Sweden – first half 2024 Highlights Sweden Key figures Sweden, first half 2025 • Sales of NOK 2.0bn 2,0 • Four additional months this year in reported group figures 0,7 • Like-for-like sales decline of 0.9% in local currency for the entire first half both years • Lower footfall -16 -149 • Hi
Slide 15: Group financials – second quarter highlights
Group financials – second quarter highlights Key figures Group, second quarter 2025 • Sales increase of 22.3% - positive impact from timing of Easter Sales NOK 3.8bn • One additional month with ÖoB this year • Gross margin decline of 1.3%-p Gross margin 40.6% • Dilutive impact from one additional mo
Slide 16: Group financials – first half highlights
Group financials – first half highlights Key figures Group, first half 2025 • Sales increase of 31.3% Sales NOK 6.8bn • Four additional months with ÖoB this year • Solid development for segment Norway with growth of 6.9% • Gross margin decline of 2.6%-p Gross margin 39.8% • Dilutive impact from four
Slide 17: Group – cash, debt and liquidity
Group – cash, debt and liquidity Year-to-date comments Q2 Q2 YTD YTD FY • Cash from operating activities of NOK -40m (+208) Group cash flow, NOK million 2025 2024 2025 2024 2024 Cash from operating activities 503 488 (40) 208 1,496 • Change in net working capital of -568m (-297); normally negative i
Slide 18: SBTi targets approved
SBTi targets approved • The Science Based Targets initiative (SBTi) has approved Europris’ science-based targets: • Net-zero greenhouse gas emissions across the value chain by 2050 • Near-term and long-term targets for GHG and FLAG emissions • Approval of the targets is an important step towards the
Slide 19: Outlook
Outlook Europris
Slide 20: Our growth story
Acquired Our growth story remaining 80% of ÖoB Acquired remaining 33% of Lekekassen Sales of ~NOK 14.6bn* Acquired 67% of Strikkemekka Acquired 67% of Opened Shanghai Lekekassen sourcing office (JV with Acquired Tokmanni) 20% of ÖoB Listed on Acquired by Oslo Børs Nordic Capital Acquired by IK Inves
Slide 21: Celebrating 10 years on Oslo Stock Exchange
Celebrating 10 years on Oslo Stock Exchange 10 year total shareholder return (TSR) 350 • Total shareholder return of 218% and average annual return of 12.3% over the 300 first 10 years on Oslo Stock Exchange • Combined share price increase and attractive 250 dividends 200 • OSEBX has returned 10.0%
Slide 22: Outperforming in a stronger market
Outperforming in a stronger market • Strong concept and solid market position has enabled the company to outperform the Norwegian market • Strong consumer spending in the first half in both countries - lowered interest rates and real wage growth should support a continued positive consumer sentiment
Slide 23: Q&A
Q&A Next event: Q3 presentation 30 October 2025
Slide 24: Appendix
Appendix
Slide 25: Content
Content Long-term financial and operational ambitions Sales days and store projects Analytical information Alternative Performance Measures (APM’s) 25
Slide 26: Long-term financial and operational ambitions - segment Norway
Long-term financial and operational ambitions - segment Norway Growth Continue to deliver like-for-like growth above the market over time Target to open a net average of five new stores per year, depending on availability of locations which Number of new stores meet strict return requirements, and t
Slide 27: Sales days and store projects – segment Norway
Sales days and store projects – segment Norway 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) • 2024 Q1 Q2 Q3 Q4 Total New stores - - - 1 1 Store closures - - - - - Relocations / 3 6
Slide 28: Sales days and store projects – segment Sweden
Sales days and store projects – segment Sweden 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 • 2024 Q1 Q2 Q3 Q4 Total New stores - - - - - Store closures - - - 1 1 Relocations / - - - - - expansions Modernisations
Slide 29: Analytical information – segment Norway
Analytical information1 – segment Norway Seasonality • As a rule-of-thumb, the Easter impact is approximately NOK 65-80 million in revenue and NOK 13-16 million in EBITDA • Europris stores: as a rule-of-thumb, Opex in quarter one year earlier + inflation + NOK 1.6-1.7 million Quarterly Opex per extr
Slide 30: 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 used in interna