Europris Asa · OSL:EPR
Europris Asa — Q3 2025 Earnings Presentation
30 slides from Europris Asa's earnings presentation, Oct 30, 2025
Slide 1: Q3 2025 presentation
Q3 2025 presentation 30 October 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: Our growth story
Our growth story Acquired remaining 80% of ÖoB Acquired remaining 33% of Sales of ~NOK 14.9bn* Lekekassen Acquired 67% of Strikkemekka Acquired 67% of Opened Shanghai Lekekassen sourcing office (JV with Acquired Tokmanni) 20% of ÖoB Listed on Acquired Oslo Børs by Nordic Capital Acquired by IK Inves
Slide 4: Group overview
Group overview A Nordic retailer… …with strong concepts across 382 stores Annual sales Annual EBIT ~NOK 15bn ~NOK 1.3bn 92 Customer club Annual footfall 290 ~4.5 million ~59 million members transactions 4 Figures are based on approximate and pro-forma figures last 12 months at 30 September 2025 for
Slide 5: Group - financial highlights - third quarter
Group - financial highlights - third quarter • Total sales of NOK 3.5bn, up 9.0% • Sales in segment Norway up 11.6% • Positive currency translation impact from segment Sweden – like-for-like growth of 0.4 for the ÖoB chain in local currency • Gross margin of 40.7%, up 1.0%-p • Includes unrealised cu
Slide 6: Europris chain
Europris chain
Slide 7: Demonstrating our strong position as a seasonal destination in Norway
Demonstrating our strong position as a seasonal destination in Norway • Europris is a seasonal destination and capitalised on the warm summer • Well prepared with strategic investments in inventory and well-stocked stores • Strong operational execution of seasonal sales and campaigns • Growth driven
Slide 8: Winning concept in a price conscious consumer sentiment
Winning concept in a price conscious consumer sentiment • Consumer spending positively impacted by real wage growth – but consumers continue to be price conscious • Europris adapting its product offering and campaigns to leverage prevailing consumer sentiment • Increasing share of sales from campaig
Slide 9: ÖoB chain
ÖoB chain
Slide 10: Category upgrades and campaigns support sales – but full remodelling of store portfolio needed
Category upgrades and campaigns support sales – but full remodelling of store portfolio needed • Good sales and margin development for the upgraded non-food categories in kitchen, home & interior and DIY • Strong contribution from campaign sales • Modest like-for-like sales growth of 0.4% in local c
Slide 11: Promising results from the two remodelled stores
Promising results from the two remodelled stores • Two pilot stores opened so far - two more to open in Q4-25, before accelerating implementation across the store portfolio in 2026-27 • Remodelled stores are aligned with Europris’ store concept • Good performance from the first remodelled store in U
Slide 12: Executing a large store remodelling programme over the next two years
Executing a large store remodelling programme over the next two years • Plan to remodel 40-45 stores in both 2026 and 2027 - with initial negative financial effects • Lost sales for 2-4 weeks for each store, and negative margin impact from discounting ahead of closing and reopening campaigns • Remod
Slide 13: 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 5% EBIT Improve customer experience Strengthen execution across the value chain 13
Slide 14: New CEO of ÖoB to contribute to the profitable growth journey
New CEO of ÖoB to contribute to the profitable growth journey over the years to come • To further strengthen the Swedish organisation, and to lead the growth and transition of ÖoB, the group has appointed Mr. Anders Lorentzson as CEO of ÖoB • Strong track-record, with 20 years of experience in the S
Slide 15: Financials
Financials CFO Stina C Byre 15
Slide 16: Segment Norway – third quarter
Segment Norway – third quarter 2024 Highlights Norway Key figures Norway, third quarter 2025 • Sales increase of 11.6% 2,5 2,2 • Like-for-like sales growth of 10.7% for the Europris chain - reflects higher footfall and more articles in the basket • One new store opening - a city store in Stavanger 2
Slide 17: Segment Sweden – third quarter
Segment Sweden – third quarter 2024 Highlights Sweden Key figures Sweden, third quarter 2025 1,0 1,0 • Sales of NOK 1.0bn, reported growth of 3.1%, but decline of 0.2% in local currency • Like-for-like sales growth of 0.4% for the ÖoB chain in local currency • Lower footfall, but slightly higher ave
Slide 18: Group financials – third quarter highlights
Group financials – third quarter highlights Key figures Group, third quarter 2025 • Reported increase of 9.0% Sales NOK 3.5bn • Growth of 8.0% in constant currency • Improvement of 1.0%-p Gross margin 40.7% • Unrealised gain from currency of NOK 7m (loss of 7), explaining 0.4%-p of the gross margin
Slide 19: Group financials – first nine months highlights
Group financials – first nine months highlights Key figures Group, first nine months 2025 • Reported increase of 22.6% Sales NOK 10.3bn • Organic growth in constant currency of 6.6% • Gross margin decline of 1.1%-p Gross margin 40.1% • Dilutive impact from four additional months with ÖoB this year •
Slide 20: Group – cash, debt and liquidity
Group – cash, debt and liquidity Year-to-date comments Q3 Q3 YTD YTD FY Group cash flow, NOK million 2025 2024 2025 2024 2024 • Cash from operating activities of NOK 254m (365) Cash from operating activities 503 157 254 365 1,496 • Change in net working capital of NOK -735m (-508); normally negative
Slide 21: Summary & Outlook
Summary & Outlook Europris
Slide 22: Outperforming in a stronger market
Outperforming in a stronger market • Strong consumer spending in the first nine months in both countries • Q4 is normally the strongest quarter - and the group is well prepared • Lowered interest rates and real wage growth should support continued positive consumer sentiment • Modest growth in ÖoB –
Slide 23: Q&A
Q&A Next event: Q4 presentation 29 January 2026
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 applied in inte