Brief: Europris Updates On ÖoB Transformation Programme

Europris ASA

11/07/2024 07:23

July 11 (Reuters) - Europris ASA  EPR.OL :
    * TRANSFORMATION PROGRAMME SET TO UNLOCK ÖOB POTENTIAL AND
BOOST
GROWTH
    * AMBITION IS TO GROW ANNUAL SALES FOR EXISTING STORE
PORTFOLIO IN
ÖOB BY SEK 1 BILLION TO SEK 5 BILLION BY END OF 2028
    * AMBITION IS TO RESTORE PROFITABILITY TO AN ÖOB EBIT-MARGIN
LEVEL
OF 5 PER CENT
    * WITHIN SAME TIME FRAME, EUROPRIS ALSO EXPECTS TO REALISE
PURCHASING SYNERGIES IN RANGE OF NOK 20-40 MILLION BENEFITING
NORWEGIAN OPERATIONS
    * SHIPPING TRANSPORT FROM ASIA IS STILL BEING ROUTED AROUND
CAPE
OF GOOD HOPE DUE TO SITUATION IN RED SEA
    * GROUP IS TAKING MEASURES TO MITIGATE NEGATIVE EFFECTS TO
EXTENT
POSSIBLE

Source text for Eikon:  ID:nObiY9ZzVa 
Further company coverage:  EPR.OL 

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