Europris : Second Quarter 2026 Interim Report

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‌Q2 2026 EUROPRIS ASA ‌Content Highlights - group 3 Key figures - group 4 Financial review - group 5 Key figures - segment Norway 7 Key figures - segment Sweden 9 Outlook 10 Financial statements 12 Alternative performance measures 21 Highlights - group Group sales in the second quarter declined by 2.8% year-on-year, with timing of Easter estimated to have had a negative impact of around 4.5 percentage points (pp) compared with the same quarter last year. Sales for the first six months are comparable and therefore more relevant. Group sales for the first half increased by 3.8%, and together with a higher gross margin, this resulted in solid EBIT growth of 20.7%. Segment Norway reported sales in line with last year in the second quarter, impacted by a negative timing effect from Easter estimated at around 5.5 pp. For the first half, sales grew by 6.0%. The Europris chain remains a highly relevant destination for price-conscious and value-seeking consumers, with sales growth driven by higher footfall and volume-led basket growth. While volume growth overall is positive, it should be noted that this also increases distribution costs, in addition to handling costs at the logistics centre and in stores. Segment Sweden reported a sales decline of 3.9% in local currency in the second quarter, including a negative timing effect from Easter estimated at around 2.5 pp, in addition to negative impact from temporary store closures related to the store remodelling programme. For the first half, sales grew by 0.7% in local currency, including negative impact from the temporary closures of 24 stores. As part of the turnaround of ÖoB, the group is seeking to increase sales of non-food items and seasonal products. The campaign offering in Sweden has therefore been adjusted, with fewer promotions of very low-margin consumables to more non-food items and seasonal products. While this, as expected, had a negative impact on footfall and total sales, the changes have supported the gross margin and contributed to a higher basket value. Establishing ÖoB as a more relevant seasonal destination will take time, but Swedish customers have responded positively to the introduction of a seasonal range harmonised with Europris' offering in Norway. Financial highlights - second quarter Total sales amounted to NOK 3,694 million (3,802), representing a reported decrease of 2.8% and 1.1% in ...

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