Europris Asa · OSL:EPR
Europris Asa — Q3 2026 Earnings Presentation
29 slides from Europris Asa's earnings presentation, Oct 29, 2026
Slide 1: Q3 2026 presentation
Q3 2026 presentation 29 October 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: 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 ~4.8 million ~61 million members transactions 3 Figures are based on figures last 12 months at 30 September 2026 for all group companies. Num
Slide 4: Group - financial highlights - third quarter
Group - financial highlights - third quarter • Total sales of NOK 3.5bn, down 1.6% but up 0.6% in constant currency • Earlier onset of summer in the Nordics compared with last year – negative timing impact on footfall and sales in the third quarter this year • Growth in campaign sales growth - but p
Slide 5: Group - financial highlights - first nine months
Group - financial highlights - first nine months • Total sales of NOK 10.5bn, up 1.9% and up 3.1% in constant currency • Like-for-like sales increased 3.7% for the Europris chain • Like-for-like sales increased 1.7% for the ÖoB chain in local currency • Gross margin of 41.4%, up 1.3 pp • EBIT of NOK
Slide 6: Timing of summer impacting a seasonal concept
Timing of summer impacting a seasonal concept • Good overall performance for the summer season • Seasonal ranges important drivers of store footfall and sales of both seasonal items and the broader assortment – earlier onset of summer supported second-quarter sales this year, and weighed on third-qu
Slide 7: Europris is a relevant concept for price conscious consumers
Europris is a relevant concept for price conscious consumers • Higher footfall to stores and volume-led basket growth in both the third quarter and for the first nine months • Europris offers value for money – growth driven by campaigns and private labels • Higher share of private labels – important
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 welcome the upgraded non-food range, which delivered 9% sales growth in the third qu
Slide 9: Store remodelling programme continuing to plan
Store remodelling programme continuing to plan • Store remodelling is key to re-establish ÖoB as an attractive shopping destination with a broader customer appeal • Executed ten store remodelling projects in the third quarter and 34 during the first nine months • Upgraded stores continue to outperfo
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 – third quarter
Segment Norway – third quarter 2025 Highlights Norway Key figures – Norway (Q3) 2026 • Sales of NOK 2.5bn, 0.3% above last year 2,5 2,5 • Like-for-like sales decline of 0.1% for the Europris chain • Earlier onset of summer vs last year – negative timing impact on footfall and sales in the third vs s
Slide 13: Segment Norway – first nine months
Segment Norway – first nine months 2025 Highlights Norway Key figures – Norway (first nine months) 2026 7,5 • Sales of NOK 7.5bn, up 4.0% 7,2 • Like-for-like sales increase of 3.7% for the Europris chain, including one additional sales day 867 828 • Sales of NOK 427m for pure play, in line with last
Slide 14: Segment Sweden – third quarter
Segment Sweden – third quarter 2025 Highlights Sweden Key figures – Sweden (Q3) 2026 • Sales of NOK 1.0bn, a reported decline of 6.1% and growth of 1.3% in local currency 1,0 1,0 • Like-for-like sales increase of 2.1% for the ÖoB chain in local currency – negatively impacted by temporary store closu
Slide 15: Segment Sweden – first nine months
Segment Sweden – first nine months 2025 Highlights Sweden Key figures – Sweden (first nine months) 2026 3,1 • Sales of NOK 3.0bn, a reported decline of 3.0% and 3,0 growth of 0.9% in local currency • Like-for-like sales increase of 1.7% for the ÖoB chain in local currency – negatively impacted by te
Slide 16: Group financials – third quarter highlights
Group financials – third quarter highlights Key figures group, third quarter 2026 • Reported decrease of 1.6% and increase of 0.6% in constant currency Sales NOK 3.5bn • Negative impact from earlier summer this year and campaign programme below expectations • Up 1.3 pp and 1.6 pp excluding unrealise
Slide 17: Group financials – first nine months highlights
Group financials – first nine months highlights Key figures group, first nine months 2026 Sales NOK 10.5bn • Reported increase of 1.9% and 3.1% in constant currency • Up 1.3 pp and 0.9 pp excluding unrealised currency effects Gross margin 41.4% • Unrealised gains from currency of NOK 11m (unrealised
Slide 18: Group – cash, debt and liquidity
Group – cash, debt and liquidity Comments cover YTD development Q3 Q3 YTD YTD FY • Cash flow from operating activities of NOK 900m (254) Group cash flow, NOK million 2026 2025 2026 2025 2025 Cash from operating activities 473 294 900 254 1,471 • Change in net working capital showing cash outflow of
Slide 19: Outlook
Outlook Europris
Slide 20: Ready for the upcoming Christmas season
Ready for the upcoming Christmas season • Interest rate hike in Norway in September – projected policy rate path revised upwards in both Norway and Sweden • May weigh on consumer sentiment, although real wage growth is expected in both countries in 2026 and 2027 • Geopolitical situation still volati
Slide 21: 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 22: Q&A
Q&A Next event: Q4 presentation 27 January 2027
Slide 23: Appendix
Appendix
Slide 24: Content
Content Long-term financial and operational ambitions Sales days and store projects Analytical information Alternative Performance Measures (APM’s) 24
Slide 25: 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 26: 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 27: 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 28: 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 29: 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