Slide 1: Q2 2026 presentation
Q2 2026 presentation 9 July 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 15.4bn* 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 384 stores Annual sales Annual EBIT NOK ~15.1bn NOK ~1.4bn 92 Customer club Annual footfall 292 ~4.7 million ~61 million members transactions 4 Figures are based on figures last 12 months at 30 June 2026 for all group companies. Number o
Slide 5: Group - financial highlights - second quarter
Group - financial highlights - second quarter • Total sales of NOK 3.7bn, down 2.8% and 1.1% in constant currency • Timing of Easter estimated to have had a negative impact of around 4.5 pp • Like-for-like decline of 0.9% for the Europris chain and 3.3% for the ÖoB chain in local currency • Gross ma
Slide 6: Group - financial highlights - first half
Group - financial highlights - first half • Total sales of NOK 7.0bn, up 3.8% and 4.4% in constant currency • Like-for-like growth of 5.7% for the Europris chain and 1.5% for the ÖoB chain in local currency • Gross margin of 41.0%, up 1.2 pp • EBIT of NOK 465m (386) • Net profit to parent of NOK 249
Slide 7: Continued strong performance for Europris
Continued strong performance for Europris • Europris continues to deliver profitable growth, with higher footfall and volume-led basket growth in the first half • Consumers remain price conscious, and campaigns and other promotional activities and private labels are key sales drivers • The Europris
Slide 8: Building ÖoB as a non-food and seasonal destination
Building ÖoB as a non-food and seasonal destination • The turnaround in Sweden is continuing, with good traction on the ÖoB store remodelling programme and the product harmonisation with Europris • Swedish consumers have welcomed the upgraded non- food range, delivering 10% sales growth in both the
Slide 9: Store remodelling programme continuing according to plan
Store remodelling programme continuing according to plan • Store remodelling is key to reestablish ÖoB as an attractive shopping destination with a broader customer appeal • Five store projects delivered per month in the second quarter, totaling 15 store upgrades • 24 stores upgraded during the firs
Slide 10: 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 10
Slide 11: Financials
Financials CFO Stina C Byre 11
Slide 12: Segment Norway – second quarter
Segment Norway – second quarter 2025 Highlights Norway Key figures – Norway (Q2) 2026 2,7 2,7 • Sales of NOK 2.7bn – in line with last year • Earlier timing of Easter estimated to have reduced sales growth by 5.5 pp 457 428 • Like-for-like sales decline of 0.9% for the Europris chain (one additional
Slide 13: Segment Norway – first half
Segment Norway – first half 2025 Highlights Norway Key figures – Norway (1H) 2026 5,0 • Sales of NOK 5.0bn – up 6.0% 4,7 • Like-for-like sales increase of 5.7% for the Europris chain (one additional sales day) • Sales of NOK 282m for the pure play companies, up 3.9% 535 573 • Gross margin of 44.2%,
Slide 14: Segment Sweden – second quarter
Segment Sweden – second quarter 2025 Highlights Sweden Key figures – Sweden (Q2) 2026 • Sales of NOK 1.0bn – a reported decline of 9.6% and 1,1 3.9% in local currency 1,0 • Earlier timing of Easter estimated to have reduced sales growth by 2.5 pp -34 -34 • Like-for-like sales decline of 3.3% for the
Slide 15: Segment Sweden – first half
Segment Sweden – first half 2025 Highlights Sweden Key figures – Sweden (1H) 2026 2,0 2,0 • Sales of NOK 2.0bn – a reported decline of 1.5% but growth of 0.7% in local currency • Like-for-like sales increase of 1.5% for the ÖoB chain in local currency, despite negative impact from temporary store cl
Slide 16: Group financials – second quarter highlights
Group financials – second quarter highlights Key figures group, second quarter 2026 • Reported decrease of 2.8% and 1.1% in constant currency Sales NOK 3.7bn • Negative impact from earlier Easter estimated to around 4.5 pp • Up 1.8 pp and 1.6 pp excluding unrealised currency effects Gross margin 42.
Slide 17: Group financials – first half highlights
Group financials – first half highlights Key figures group, first half 2026 Sales NOK 7.0bn • Reported increase of 3.8% and 4.4% in constant currency • Up 1.2 pp and 0.7 pp excluding unrealised currency effects Gross margin 41.0% • Unrealised gains from currency of NOK 14m (unrealised losses of 24)
Slide 18: Group – cash, debt and liquidity
Group – cash, debt and liquidity Comments cover YTD development Q2 Q2 YTD YTD FY Group cash flow, NOK million 2026 2025 2026 2025 2025 • Cash flow from operating activities of NOK 427m (-40) Cash from operating activities 591 503 427 (40) 1,471 • Change in net working capital of NOK -220m (-568) – n
Slide 19: Outlook
Outlook Europris
Slide 20: Continued volatile macro landscape
Continued volatile macro landscape • Consumers are expected to remain price conscious, Europris and ÖoB well positioned in this environment • Macroeconomic conditions in Norway and Sweden remain mixed • In Norway, core inflation remains above target, with possibility of further rate increases during
Slide 21: Q&A
Q&A Next event: Q3 presentation 29 October 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-known and frequently used by users of the financial statements and are also applied in int