Fourlis Holdings S.a. · ATHEX:FOYRK
Fourlis — Q1 2026 Earnings Presentation
23 slides from Fourlis's earnings presentation, May 2026
Slide 1: Corporate Presentation May 2026 - Q1 2026 Key Financial Figures
Corporate Presentation May 2026 Q1 2026 Key Financial Figures
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fourlis Group (the "Company") for informational purposes only. The information contained herein does not constitute an offer, solicitation, or recommendation to buy or sell any securities of the Company or any other entity. The information in this pr
Slide 3: Q1 '26 Key messages
Q1 ‘26 Key messages Solid commercial ✓ Q1 2026 confirms resilient demand and positive commercial momentum momentum in most markets in a transition & investment year ✓ Growth across all business units ✓ 2026 is a transition and investment year focused on building the Group’s platform and targeted exp
Slide 4: Q1 '26 Group Financial performance
Q1 ‘26 Group Financial performance Sales +13% Gross profit at €133.1 mil. margin at 46% EBIT PBT €4.7 mil. at -€4.3 mil. from Contribution from at -€5.5 mil. stable -€2.5 mil Associates vs Q1 ‘25 Profitability in Q1 reflects seasonality, the planned stock optimization initiatives, the timing of oper
Slide 5: Trading performance per business unit
Trading performance per business unit IKEA continues to deliver Strategic repositioning Home Health resilient growth & strong progressing Furnishings & Wellness regional performance ▪ ▪ ▪ ▪ ▪ Sporting Maintains strong momentum, supported by INTERSPORT & Goods Foot Locker expansion Growth across busi
Slide 6: Execution on track
Execution on track Network expansion supports broader accessibility & growth Upcoming across the region Recent investments such as Heraklion store & openings store upgrades, such as Rhodes upgrade from a ▪ Upgrading Plovdiv, Limassol to PuOP to a new-gen store, new-generation stores enhance accessib
Slide 7: Strengthening Intersport and scaling Foot Locker
Strengthening Intersport and scaling Foot Locker Foot Locker @ Ermou, Athens, Greece ▪ Exclusive merchandizing partnership Foot Locker with the Hellenic Football Federation. is expanding the ▪ Strategic investment in football and in Group’s presence equipping professional teams & in the athleisure a
Slide 8: Profitability in the context of transformation & expansion
Profitability in the context of transformation & expansion ▪ Transformation & platform-building one-off costs Centralization, shared services platform build-up, systems upgrades & new operating routines. ▪ Expansion-related costs Foot Locker rollout, new stores, integration & ramp-up costs. 2026 is
Slide 9: Transformation Timeline - Our Journey
Transformation Timeline Our Journey 2026 2027 - 2028 2028+ Platform Platform Scalable Foundations integration growth ✓ Operating model design & governance ✓ Supply chain & omnichannel integration ✓ Faster expansion of retail concepts ✓ Shared services set-up ✓ Cross-brand digital capabilities ✓ Marg
Slide 10: Operational Transformation Update
Operational Transformation Update Operating model design & Data & systems architecture Enterprise Resilience & Cyber governance & Shared services set-up roadmap Security ▪ Dedicated Information Security ▪ Centralization of teams and agile & Cyber Security function ▪ EPM under development working gro
Slide 11: YTD 2026 Trading update
YTD 2026 Trading update (up to 16/05/2026) ✓ Disciplined execution remains the ▪ Group sales +8% ytd L-F-L +4% priority ▪ Home Furnishings +4% ytd L-F-L +1% ✓ Maintaining flexibility amid macro ▪ Sporting Goods +16% ytd & geopolitical uncertainty L-F-L 9% ▪ Momentum supported by healthy ✓ Continuing
Slide 12: Financial calendar and dividend dates
12/06/2026 Annual General Shareholders Meeting. Ex-Dividend Date* (A date after June 19, 2026, which is the expiration day of 29/06/2026 stock options & of index futures and index options on FTSE/ATHEX Large Cap). 30/06/2026 Dividend Beneficiaries Date – Record Date* 03/07/2026 Dividend Distribution
Slide 13: Q&As
Fourlis
Slide 14: Appendix
Appendix 14
Slide 15: Group P&L Q1 '26
(amounts in € mil.) Q1 ‘25 % Q1 ‘26 Group Revenues 118.2 12.6% 133.1 P&L Q1 ‘26 Gross Profit 55.2 11.1% 61.3 Gross Profit margin 46.7% 46.0% EBITDA* 9.5 3.5% 9.9 EBITDA margin 8.1% 7.4% EBIT -2.5 -74.6% -4.3 EBIT margin -2.1% -3.3% Net Financial Income/(expenses) -5.3 -9.7% -5.8 Contribution from as
Slide 16: Net financial Income/(Expenses) Depreciation Analysis
Net financial Income/(Expenses) Depreciation Analysis Group Q1 ’25 Q1 ’26 Group Q1 ’25 Q1 ’26 Interest & Bank expenses & other -1.6 -1.5 Depreciation (assets) 4.1 4.4 IFRS16 interest -3.6 -4.2 Depreciation of Right of Use Assets -5.3 -5.8 7.9 9.9 Total (RoUA)- IFRS 16 16
Slide 17: EBITDA-adjusted bridge
EBITDA-adjusted bridge EBITDA-adjusted used to better reflect underlying operational performance. EBITDA-adjusted reinstates lease expenses in the calculation, providing a clearer representation of the Group’s underlying profitability and cost structure, independent of lease accounting treatment. Gr
Slide 18: Allocation of parent company's shared service operations costs
Allocation of parent company’s shared service operations costs EBIT pro- opex EBIT Q1 ’25 forma allocation reported Home Furnishings 0.7 -1.2 1.9 Sporting Goods -3.4 -1.0 -2.4 18
Slide 19: Home Furnishings (IKEA stores) Q1 '26
Home Furnishings (IKEA stores) Q1 ‘26 (amounts in € mil.) Q1 ‘25* % Q1 ‘26 Revenues 77.7 6.1% 82.5 Gross Profit 36.4 4.7% 38.1 Gross Profit margin 46.9% 46.2% EBITDA* 6.3 2.9% 6.4 EBITDA margin 8.0% 7.8% EBIT 0.7 -14.2% 0.6 EBIT margin 0.9% 0.7% EBITDA (adjusted)* 0.9 -16.3% 0.7 EBITDA (adjusted) ma
Slide 20: Sporting Goods (Intersport & Foot Locker stores) Q1 '26
Sporting Goods (Intersport & Foot Locker stores) Q1 ‘26 (amounts in € mil.) Q1 ‘25* % Q1 ‘26 Revenue 39.8 24.9% 49.7 Gross Profit 18.3 23.9% 22.7 Gross Profit margin 46.0% 45.6% EBITDA* 2.1 20.9% 2.5 EBITDA margin 5.2% 5.1% EBIT -3.4 -18.2% -4.0 EBIT margin -8.5% -8.0% EBITDA (adjusted) * -2.3 -22.4
Slide 21: Health & Wellness (Holland & Barrett stores) Q1 '26
Health & Wellness (HOLLAND & BARRETT stores) Q1 ‘26 Q1 ‘25* % Q1 ‘26 (amounts in € mil.) Revenue 0.7 23.3% 0.9 Gross Profit 0.4 17.5% 0.4 Gross Profit margin 52.9% 50.4% EBITDA* -0.4 -16.1% -0.4 EBIT -0.6 -25.6% -0.7 EBITDA (adjusted) * -0.5 -13.2% -0.6 21
Slide 22: Balance Sheet Q1 2026
Balance Sheet Q1 2026 Balance sheet (€ mil.) FY '25 Q1 ’26 Property, plant & equipment 91.7 93.3 Right of Use Assets 380.4 411.5 Other Non Current Assets 233.4 238.1 Non-current assets 705.4 742.9 Inventories 143.2 165.7 Receivables 20.8 24.1 Cash & Cash Equivalent 43.2 37.2 Current assets 207.2 227
Slide 23: Thank you
Thank you fourlis.com