Brief: Europris Q3 EBITDA At NOK 425 Mln

Europris ASA

03/11/2022 06:10

Nov 3 (Reuters) - Europris ASA  EPR.OL :
    * SOLID PERFORMANCE FOR EUROPRIS IN THE THIRD QUARTER
    * Q3 TOTAL SALES OF NOK 2,050 MILLION (NOK 1,994 MILLION)
    * Q3 SALES DECLINE OF 0.8 PER CENT, EXCLUDING STRUCTURAL
GROWTH
THROUGH ACQUISITIONS
    * Q3 EBITDA OF NOK 425 MILLION (NOK 430 MILLION)
    * Q3 NET PROFIT OF NOK 187 MILLION (NOK 203 MILLION)
    * CURRENT ECONOMIC ENVIRONMENT IS TOUGH FOR MANY CONSUMERS,
AND
COMBINATION OF "ALL ROUND" HIGHER PRICES AND RISING INTEREST
RATES IS AFFECTING CONSUMER BEHAVIOUR
    * MAJORITY OF PRODUCTS SOLD AT EUROPRIS ARE CONSUMABLES AND
LOW-PRICED PRODUCTS NEEDED ON A DAILY BASIS

Source text for Eikon:  ID:nWkrbrC8nY 
Further company coverage:  EPR.OL 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))