Feb 02, 2023 / 07:30AM GMT
Espen Eldal - Europris ASA - CEO
Good morning, everyone. A special welcome to the audience here in the room and especially thank you for Pareto for hosting today's event, which is the presentation of the fourth quarter and full year results of Europris. Joining me on stage today, I will have CFO, Stina Byre, who will give you the financial details. And at the end of the presentation, there will be a Q&A, which will be managed by our IR Officer, Trine Englokken.
Okay. Let's start with the highlights. Europris is very satisfied with the development in the fourth quarter, where we see strong sales development in a tougher retail environment. We had strong comparable figures from last year, which was positively affected by COVID restrictions. Well, this year was impacted more by a cautious consumer environment due to high inflation we have seen recently.
Total sales increased by 6.8% and adjusted for acquisitions, the growth was 4.8%. Like-for-like sales for the Europris chain was 3.3%. As expected, the gross margin declined from last year's record high 50%, mainly due to less positive
Q4 2022 Europris ASA Earnings Call Transcript
Mar 01, 2024
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