Norway's Europris Q1 sales, EBITDA beat estimates

Europris ASA

23/04/2026 06:16

Overview

Norway variety retailer's Q1 sales rose 12.3% yr/yr, beating analyst expectations

Q1 EBITDA beat analyst expectations, margin improved to 10.3%

Earlier Easter timing contributed about 6 percentage points to sales growth

Outlook

Europris expects 2026 and 2027 results to be impacted by ÖoB store remodelling costs

Company expects gradual improvement in financial performance from 2027

Europris aims for ÖoB sales of SEK 5 bln and 5% EBIT margin by end-2028

Result Drivers

EASTER TIMING - Earlier Easter contributed around 6 percentage points to Q1 sales growth

STORE TRAFFIC AND VOLUME - Increased store traffic and sustained volume growth drove solid sales, per company

PROMOTIONAL ACTIVITY AND PRODUCT MIX - Gross margin in Norway was negatively affected by higher share of consumables and intensified promotions, partly due to earlier Easter

Company press release: ID:nWkr3TKgJq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
NOK 3.30 bln
NOK 3.13 bln (5 Analysts)
Q1 Gross Margin
39.50%
Q1 EBITDA
Beat
NOK 340 mln
NOK 279.60 mln (5 Analysts)
Q1 EBITDA Margin
10.30%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the discount stores peer group is "buy"

Wall Street's median 12-month price target for Europris ASA is NOK92.50, about 2.4% below its April 22 closing price of NOK94.80

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)