Jan 29 (Reuters) - Europris ASA EPR.OL:
TOTAL GROUP SALES REACHED NOK 4,611 MILLION IN Q4
Q4 GROSS MARGIN OF 42.6 PER CENT (42.5)
Q4 EBIT OF NOK 677 MILLION (624) AND EBIT MARGIN OF 14.7 PER CENT (14.3)
Q4 NET PROFIT ATTRIBUTABLE TO PARENT OF NOK 464 MILLION (443)
BOARD OF DIRECTORS PROPOSES A DIVIDEND PER SHARE OF NOK 3.75 (3.50)
BOTH NORWAY AND SWEDEN SAW DECLINING INFLATION AND LOWER INTEREST RATES IN 2025, CONTRIBUTING TO RELATIVELY STRONG CONSUMER SPENDING
POSITIVE CONSUMER SENTIMENT IS EXPECTED TO CONTINUE INTO 2026, SUPPORTED BY PROJECTIONS FOR REAL WAGE GROWTH IN BOTH COUNTRIES.
GROUP WILL ACCELERATE REMODELLING PROGRAMME TO 35-45 STORES IN BOTH 2026 AND 2027
GROUP EXPECTS OPERATING PROFIT FOR ÖOB IN 2026 TO BE IN LINE WITH LOSS REPORTED FOR 2025
RESULTS ARE EXPECTED TO IMPROVE FROM 2027 ONWARDS
CONFIDENT IN ITS AMBITION TO GROW ÖOB'S SALES FROM EXISTING STORE PORTFOLIO TO SEK 5 BILLION WITH AN EBIT MARGIN OF 5 PERCENT BY END OF 2028
Source text: ID:nObi4zdKFa
Further company coverage: EPR.OL
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))