Q1 2022 Europris ASA Earnings Call Transcript

Apr 28, 2022 / 06:30AM GMT
Espen Eldal - Europris ASA - CEO

Good morning, and welcome to the first quarter presentation of Europris. Today, we are sending live from Nordea head office in Oslo, thank you for inviting us and hosting today's event, and it's a pleasure to see so many bankers in the room. Welcome to all of you. CFO, Stina Byre will present the financial details today, and Trine Englokken will host a Q&A session at the end of the presentation, but you are welcome to sending your questions as we speak.

I know it's a busy day in the markets for both investors and analysts. So let's get started. We are very satisfied with the first quarter results and have got a good start to the new year. We are in a challenging environment, and it's not easy to compare quarter-over-quarter as COVID restrictions affects the quarters differently and also the timing of Easter has an impact on a seasonal concept like Europris.

We are on our way out of the pandemic. But if you look back to pre-pandemic years in 2019, the sales in the first quarter has grown by more than 30% over the past years. I think that demonstrates

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