Europris ASA (OSL:EPR)
kr 69.65 -0.4 (-0.57%) Market Cap: 11.40 Bil Enterprise Value: 14.85 Bil PE Ratio: 12.71 PB Ratio: 3.11 GF Score: 93/100

Q4 2021 Europris ASA Earnings Call Transcript

Feb 03, 2022 / 07:30AM GMT
Release Date Price: kr63.25 (-3.95%)
Espen Eldal
Europris ASA - CEO

Good morning, and welcome to the presentation of Q4 and 2021 full year results for Europris.

Joining me on today's webcast is CFO, Stina Byre, and she will present the financial details; and of course, Trine Englokken, the IR Manager, who will manage the Q&A at the end of the session. Please feel free to send in your questions as I speak, and try to put in 1 question at a time. That will make it easier at the end.

Wiggo Erichsen founded Europris 30 years ago back in 1992. And I can't think of a better way to enter the anniversary year than on the back of the fantastic results we have delivered in 2021. Growth and success has been the story of Europris for more than -- not more, but for 30 years and 2021 was no exception. And I think that tells a lot about the strong concept and the strong culture of the company.

In 2021, we have successfully delivered on the growth strategy and solid operations drove profits to an all-time high in the fourth quarter. Sales increased by 12.6%. Gross margin increased to 50%. Net profit increased by 39% to NOK

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