Europris Asa · OSL:EPR
Europris Asa — Q4 2025 Earnings Presentation
33 slides from Europris Asa's earnings presentation, Jan 29, 2026
Slide 1: Q4 2025 presentation
Q4 2025 presentation 29 January 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 15.1bn* 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 I
Slide 4: Group overview
Group overview A Nordic retailer… …with strong concepts across 383 stores Annual sales Annual EBIT NOK ~14.9bn NOK ~1.3bn 92 Customer club Annual footfall 291 ~4.6 million ~60 million members transactions 4 Figures are based on figures last 12 months at 31 December 2025 for all group companies. Numb
Slide 5: Group - financial highlights - fourth quarter
Group - financial highlights - fourth quarter • Total sales of NOK 4.6bn, up 5.3% • Up 4.1% in constant currency • Gross margin of 42.6%, up 0.1%-p • Opex-to-sales ratio of 22.1%, an improvement of 0.2%-p • EBIT of NOK 677m, up 8.6% • Net profit to parent of NOK 464m, up 4.8% • Includes unrealised l
Slide 6: Group - financial highlights – full year 2025
Group - financial highlights – full year 2025 • Full year figures are not comparable year-over-year, as ÖoB was included with four more months in 2025 • Total sales of NOK 14.9bn, up 16.7% • Segment Sweden included for four more months in 2025 – organic growth of 5.7% in constant currency • Gross ma
Slide 7: Europris chain
Europris chain
Slide 8: Once again confirming our strong position as a seasonal destination in Norway
Once again confirming our strong position as a seasonal destination in Norway • Europris is capitalising on the fourth quarter seasons; Halloween, Black Week and Christmas • Well prepared with strategic investments in inventory, securing product availability in stores • Attractive concept for price
Slide 9: ÖoB chain and turnaround plan
ÖoB chain and turnaround plan
Slide 10: Beginning to see some effect of turnaround initiatives
Beginning to see some effect of turnaround initiatives • Existing customers responded positively to enhanced product range for Christmas • To a large extent harmonised with the Europris range • Improved campaign execution, including Black Week • Enhanced store operations and value chain improvements
Slide 11: Promising results from the four pilot stores remodelled in 2025
Promising results from the four pilot stores remodelled in 2025 • Positive effects on sale and gross margins from pilots • Sales uplift of 5-15%, varying with store locations, demographics and competition • Gross margin improvement of 2-4%-p ÖoB Uddevalla, June 2025 • Improvements for key KPIs like
Slide 12: Projected financial impacts from store remodelling
Projected financial impacts from store remodelling • Estimates are based on four pilots and may change as the group gains more experience • Stores need to close for 2-3 weeks during remodelling • Estimated lost sales of SEK 2 million per store • Sales and margins expected lower than normal in the we
Slide 13: Projected financial results from store remodelling
Projected financial results from store remodelling • Remodelling of the entire store network is considered essential to improve the customer experience and attract new customers • After reopening, an average ÖoB store is expected to need a twelve- month ramp-up period to deliver: • Sales growth of 1
Slide 14: 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 14
Slide 15: Financials
Financials CFO Stina C Byre 15
Slide 16: Segment Norway – fourth quarter
Segment Norway – fourth quarter 2025 Segment Norway highlights Key figures Norway, fourth quarter 2024 • Sales increase of 4.6% 3 372 3 223 • Total sales growth of 5.0% for the Europris chain with higher footfall driving like-for-like growth of 3.4% 648 665 • Two store openings • Sales of NOK 402m i
Slide 17: Segment Norway – full year
Segment Norway – full year 2025 Segment Norway highlights Key figures Norway, full year 2024 10 590 • Sales increase of 7.2% 9 878 • Total sales growth of 7.6% for the Europris chain, with 1 476 higher footfall driving like-for-like growth of 6.3% 1 339 • Eight store openings and two closures • Sale
Slide 18: Segment Sweden – fourth quarter
Segment Sweden – fourth quarter 2025 Segment Sweden highlights Key figures Sweden, fourth quarter 2024 1 238 • Sales up 7.1% on a reported basis and up 2.8% in local 1 155 currency • Like-for-like growth of 3.8% in local currency • Good development for harmonised Christmas product range 30 • Higher
Slide 19: Segment Sweden – full year
Segment Sweden – full year 2025 Segment Sweden highlights Key figures Sweden, full year 2024 • Full year figures are not comparable year-over-year, as 4 289 ÖoB was included with four more months in 2025 2 873 • Sales of NOK 4.3bn • Like-for-like growth of 0.6% in local currency for the ÖoB chain, m
Slide 20: Group financials – fourth quarter highlights
Group financials – fourth quarter highlights Key figures group, fourth quarter 2025 • Reported increase of 5.3% Sales NOK 4.6bn • Growth of 4.1% in constant currency • On a par with the previous year Gross margin 42.6% • Unrealised gains from currency of NOK 10m (gains of 15) • Improvement of 0.2%-p
Slide 21: Group financials – full year highlights
Group financials – full year highlights Key figures group, full year 2025 • Reported increase of 16.7% Sales NOK 14.9bn • Organic growth of 5.7% in constant currency • Gross margin decline of 0.8%-p Gross margin 40.9% • Dilutive impact from four additional months with ÖoB in 2025 • Unrealised losses
Slide 22: Group – cash, debt and liquidity
Group – cash, debt and liquidity Q4 Q4 FY FY Full year comments: Group cash flow, NOK million 2025 2024 2025 2024 Cash from operating activities 1,217 1,131 1,471 1,496 • Cash from operating activities of NOK 1,471m (1,496) - of which change in net working capital 346 297 (389) (211) • Change in net
Slide 23: Dividend & Outlook
Dividend & Outlook Europris
Slide 24: Continued growth in dividend
Continued growth in dividend Dividend per share (DPS), NOK Ordinary dividend • The board of directors proposes ordinary dividend per Additional dividend following strong financial performance affected by Covid-19 share of NOK 3.75 for 2025 (3.50), up 7.1% • Total dividend amounts to NOK 614m, exclud
Slide 25: Outperforming in a stronger market
Outperforming in a stronger market • Decling inflation and lower interest rates in 2025 contributed to strong consumer spending – positive sentiment expected to continue in 2026 • Turnaround initiatives for ÖoB are progressing as planned, with harmonised product categories and improved campaign exec
Slide 26: Q&A – Next event: Q1 presentation April 2026
Q&A Next event: Q1 presentation 23 April 2026
Slide 27: Appendix
Appendix
Slide 28: Content
Content Long-term financial and operational ambitions Sales days and store projects Analytical information Alternative Performance Measures (APM’s) 28
Slide 29: 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 30: 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 31: 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 32: Analytical information
Analytical information1 Seasonality • As a rule-of-thumb, the Easter impact is approximately NOK 85-110 million in revenue and NOK 7-10 million in EBIT • 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 • Ca
Slide 33: 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