Europris sees strong Q3 2025 profit growth, Norway segment a key driver

Europris announced a strong third quarter for 2025, with total sales reaching NOK 3,528 million, a 9.0% increase year-over-year, and an operating profit (EBIT) of NOK 256 million, up 53%. The Norwegian segment was a key driver, with sales increasing 11.6% to NOK 2,508 million and EBIT growing 37.8% to NOK 293 million, benefiting from strong seasonal campaigns and increased footfall. Gross margin improved by 1.0 percentage point to 40.7%, partly due to an unrealized currency gain of NOK 7 million.

The Swedish segment, ÖoB, recorded sales of NOK 1,020 million, a 3.1% reported increase, but a modest 0.4% like-for-like sales growth in local currency. chief executive Espen Eldal emphasized the need for a fully remodelled store portfolio to restore ÖoB's relevance and attract new customers, with the remaining stores set for remodelling over the next two years. Despite associated costs expected to offset 2026 profit improvements, Europris aims for SEK 5 billion in ÖoB sales with a 5% EBIT margin by 2028.

The group's opex-to-sales ratio improved by 0.6 percentage points to 25.9%, despite an increase in operating expenses. Net debt stood at NOK 5,140 million, with cash and liquidity reserves at NOK 1,160 million. The outlook for consumer spending remains positive, supported by lower inflation and interest rate cuts in both Norway and Sweden, with the fourth quarter anticipated to be the strongest of the year.