Europris (EPR)

[TekBot]

Europris ASA Q4 2020: Invitation to presentation of fourth quarter 2020 results

Europris ASA will publish its fourth quarter 2020 results on Thursday, 4
February at 07:00 CET. The quarterly report, presentation materials and
spreadsheet with key figures will also be available on the company’s website
…

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https://investor.europris.no.

CEO Espen Eldal and CFO Stina C Byre will present the company’s results at 08:30
via webcast. Due to the Covid-19 situation, the presentation will be held
without physical participants.
The presentation will be held in English and transferred via live webcast, to be
made available through the company’s website https://investor.europris.no. It
will be possible to ask questions via the web.

Further information from:
Trine Engløkken, IR Manager
Telephone: +47 940 50 937
E-mail: ir@europris.no

Europris is Norway’s largest discount variety retailer by sales. The company
offers its customers a broad assortment of quality owned brands and brand name
merchandise. The company’s merchandise is sold through the Europris chain, which
consists of a network of 266 stores throughout Norway, 237 of which are directly
owned by the company and 29 of which operate as franchise stores. The company’s
headquarters are located in Fredrikstad, Norway.

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

Corona virus: Operational status from Europris ASA

Fredrikstad, Norway, 25 January 2021: Due to the Covid-19 situation, 25 Europris
stores will be closed until 31 January.

…

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During the weekend, the Norwegian authorities imposed strict restrictions on
Norwegian retail businesses around the greater Oslo region. It was decided to
close all retail trade other than food, pharmacies and other important supply
functions. Europris will, however, continue to work for the same status as the
grocery retailers and seek to have stores reopened, on the basis that it will
reduce pressure and crowds in grocery stores as many of the same articles can be
found at Europris.

Europris will look into actions to reduce costs and adapt running operations.
The situation may change rapidly and Europris follows the situation closely.
Europris will continue to do its utmost to maintain its operations as far as
possible at normal levels within the parameters set by the Institute of Public
Health in order to serve the public.

For questions or further information, please contact:

Espen Eldal, CEO, +47 48 29 24 24, espen.eldal@europris.no

Stina C Byre, CFO, +47 41 10 58 08, stina.byre@europris.no

Kilde

[anon80503862]

Skuffet over at denne ikke faller mer i dag på denne meldingen. Kanskje det drar på seg utover i uka.

[Fornybar]

Kjøpsanledning?

[anon80503862]

Hvis den faller mer, ja. Per nå er den ikke noe særlig under der den har blitt tradet i det siste.

Hvis det åpnes opp for europris og lignende butikker, men holder kjøpesenter stengt ville det vært en kjøpsanledning fordi selskapet er en koronavinner. Men de har såpass store faste utgifter at hvis de må holde stengt i 2+ måneder i såpass mange butikker antar jeg at de rammes ganske hardt i Q1.

[bulldog]

@Fornybar

Kjøpsanledning?

Kommer vel an på tidshorisonten, men for meg blir det å kjøpe nå “to catch a falling knife”. Ville i hvert fall venta til den brøyt ut og opp fra trendkanalen den er på vei nedover i.

[TekBot]

Corona virus: Operational update from Europris ASA

Fredrikstad, Norway, 3 February 2021: Most stores are now open

Stores in the greater Oslo-area that were temporarily closed on 23 January, due
…

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to restrictions imposed by the Norwegian authorities, are now re-opened.
Exceptions are seven stores located at shopping centres, that will remain closed
until 10 February. Europris currently has normal operations from 259 out of 266
stores. The situation may change rapidly and Europris will continuously adapt to
any changes. Europris will update the market, should the circumstances alter
significantly.

For questions or further information, please contact:

Espen Eldal, CEO, +47 48 29 24 24, espen.eldal@europris.no

Stina C Byre, CFO, +47 41 10 58 08, stina.byre@europris.no

Kilde

[TekBot]

Strong fourth quarter - solid merchandising and improved operationally efficiency

Highlights for the fourth quarter of 2020

· Continued outperformance of a strong market, positively affected by the
…

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Covid-19 situation
· Solid merchandising and successful execution of seasons and campaigns
· Group revenue increased by 32.8 per cent to NOK 2,523 million (NOK 1,899
million)

· Gross margin increased owing to an improved margin on seasonal goods
· Gross margin 45.7 per cent (45.1 per cent)

· Operational efficiency continued to improve
· Opex-to-sales ratio decreased to 18.8 per cent (21.4 per cent)
· Adjusted EBITDA rose by 50 per cent to NOK 677 million
· Adjusted net profit increased by 70 per cent to NOK 368 million (NOK 217
million) including one-off costs of NOK 44 million

· Strong financial position
· Cash and available credits of NOK 1,926 million (NOK 1,006 million)
· Completed buy-back programme for five million shares at a total cost of
NOK 245 million

· The board of directors proposes an ordinary dividend of NOK 2.20 per share
for 2020 (NOK 1.95)
· To reflect the strong financial performance in an extraordinary year, the
board proposes to pay an additional dividend of NOK 0.50 per share

Espen Eldal, CEO of Europris comments: “Operational performance continued to be
strong in the fourth quarter of 2020, resulting in record sales and net profit
for Europris. The year 2020 has been different and challenging, but Europris has
continued to strengthen its position and ended the year as a market leader. I’m
proud of the remarkable efforts made by all employees during the Covid-19
pandemic. During 2020, the Europris store workforce served more than 36 million
customer visits with no proven case of infection between employees and
customers. The powerful performance has continued into the start of 2021, with
strong sales growth recorded in January.”

Increased demand caused by the Covid-19 pandemic, in combination with solid
merchandising, resulted in sales growing by 32.8 per cent during the fourth
quarter to reach NOK 2,523 million (NOK 1,899 million). October-December is
seasonally important for Europris, and thorough planning and implementation of
sales campaigns were critical for the strong sales growth and record results.
Revenue growth was once again significantly higher than the market. According to
Kvarud Analyse, the latter grew by 4.8 per cent.

Europris has established a unique corporate culture, since adaptability is built
into its DNA and rapid shifts between campaigns and seasons are part of everyday
life. This strong culture, combined with formidable efforts by the employees,
made it possible to improve the concept even further and to deliver record
results in 2020.

The highest sales growth was registered in the grocery categories, which have a
lower gross margin than the others. Despite this, the gross margin strengthened
by 0.6 percentage points in the quarter as a result of ongoing adjustments to
campaigns and an improved margin on seasonal items.

Strict cost control, in combination with scale benefits following increased
sales, further improved operational efficiency in the fourth quarter. Opex for
the period, excluding non-recurring items, was NOK 475 million (NOK 407
million). Opex was affected by a 2.6 per cent increase in the number of directly
operated stores from 231 to 237, and amounted to 18.8 per cent of group revenue
(21.4 per cent). An extra appreciation totalling NOK 12 million given to all
employees for their efforts during the Covid-19 pandemic was approved by the
board and expensed in the fourth quarter.

Adjusted EBITDA was NOK 677 million (NOK 450 million), up by NOK 227 million or
50 per cent.

At 31 December, Europris was in a strong financial position with cash and
available credits of NOK 1,926 million (NOK 1,006 million).

Europris opened two new stores in the fourth quarter, at Kongsberg in Viken
county and a city store at Løren in Oslo. The chain had 266 stores at 31
December. Of these, 237 were directly operated.

Progress for e-commerce continued in the fourth quarter, with sales up by 259
per cent to reach an overall share of 0.6 per cent. Click and collect continues
to be the preferred e-commerce solution for the group’s customers. Europris
continues to see an increase in the number of visits to its website and in
membership of its customer club. The latter had 690,000 members at 31 December
2020, more than double the figure a year earlier.

Information

Webcast at 08.30 CET today, Thursday 4 February. CEO Espen Eldal and CFO Stina C
Byre will host the presentation. Europris invites investors, analysts and media
to join the presentation via the webcast. It will be possible to ask questions
via the web.

Material: The fourth quarter report and presentation will also be made available
at https://investor.europris.no and www.newsweb.no. In addition, a recorded
version of the presentation will be made available at
https://investor.europris.no approximately two hours after the broadcast has
concluded.

For questions or further information, please contact:

Espen Eldal, CEO, +47 48 29 24 24, espen.eldal@europris.no

Stina C Byre, CFO, +47 41 10 58 08, stina.byre@europris.no

About Europris

Europris is Norway’s largest discount variety retailer by sales. The group
offers its customers a broad range of quality own brands and brand-name
merchandise. Its merchandise is sold through the Europris chain, which consists
of a network of 266 stores throughout Norway. Of these, 237 are directly owned
by the group and 29 operate as franchise stores. The group’s headquarters are at
Fredrikstad, Norway.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act

Kilde

[TekBot]

Key information relating to the cash dividend to be paid by Europris ASA

The board of directors of Europris ASA has decided to propose to the Annual
General Meeting an ordinary dividend for 2020 of NOK 2.20 per share. To reflect
the strong financial performance in an extraordinary year, the board proposes to
…

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pay an additional dividend of NOK 0.50 per share for 2020. In total, the
proposed dividend is NOK 2.70 per share.

Dividend amount: NOK 2.70
Declared currency: NOK
Last day including right: 5 May 2021
Ex-date: 6 May 2021
Record date: 7 May 2020
Payment date: 18 May 2020
Date of approval: 5 May 2021

Further information from:
Trine Engløkken
Investor relations
Telephone: +47 940 50 937

Europris ASA, 4 February 2021

This information is published in accordance with the requirements of the
Continuing Obligations.

Kilde

[anon80503862]

@anon80503862

I fjor var omsetningen totalt 6,5 milliarder, hvorav 2 milliarder var i Q4. I år er omsetningen i Q1-Q3 på 5,7 milliarder, noe som er ca 26% opp fra i fjor. Hvis vi antar at årsresultatet totalt vil være omtrent 25% over fjoråret så vil årets omsetning være ca 8,2 milliarder. Det vil si at selskapet prises til rett under Pris/Salg = 1 per i dag.

Siden EPR består av mange butikker har de naturlig store faste kostnader. I fjor var resultatet for Q4 over 50% av årsresultatet (EPS/profitt etter skatt). Så langt i år har Q1-Q3 allerede resultert i ett resultat som var bedre enn hele fjoråret. Jeg tror årets Q4 minst vil matche fjoråret, som tilsier EPS på ca 4kr, men fort kan være høyere og kanskje nå 4.5kr - 5kr. Dette gir en P/E på mellom 10 og 12 på kurs 48 avhengig av hvilket tall man tror mest på.

EPS ble i øvre siktet av hva jeg trodde med 4,92 kr EPSS i fjor. Årsomsetningen ble hakket over hva jeg trodde (8,38 mot 8,2). Totalt sett leverte fjoråret veldig bra for selskapet.

Når de har EPS for året på nesten 5kr så er P/E på ca 10. Det virker lavt. Hvis det ikke var for regjeringens tullete nedstengelse av enkelte butikker av denne typen ville jeg også være nesten sikker på at Q1 ville bli ytterligere forbedret i 2021 mot 2020, og sånn sett tror jeg EPS er enda bedre for rullerende 4 kvartaler etter Q1.

Så er jo spørsmålet alltid hva som er “fair” prising da. Uansett en bra rapport.

Redigert: Etter innspillet under så rettet jeg opp i innlegget. Takk, gikk litt fort der.

[Alias]

Group revenue er vel opp 28,5% i fjor, men her ser det ut som du sammenlikner total retail sales i ditt første estimat med group revenue i oppsummeringen.

Veldig bra rapport, men personlig er jeg nysgjerrig på hvorfor ikke bunnlinjeveksten var enda høyere. Q4 EBIT vekst på 72% mot 2019, men net profit vekst på “kun” 70%. Her hadde jeg ventet at mer skulle renne rett gjennom til bunnlinjen…

[Alias]

Nevermind - fant det i kommentarene på prelim annual report;

In connection with the transition to a new IFRS 16 system in November, an error was discovered in the interest rate calculations. This resulted in a non-recurring interest expense totalling NOK 32 million…

Hadde også en currency loss på 36M, så da er det naturligvis mindre igjen til bunnlinjen

[TekBot]

Europris ASA: Mandatory notification of trade

Europris ASA has on 5 February 2021 received 1,111 shares from the group company
Europris Butikkdrift AS. This is done in connection with an acquisition of a
franchise company and a merger of this company into Europris Butikkdrift AS.
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After this transfer Europris ASA holds 6,151,416 shares in the company.

Kilde

[TekBot]

Europris ASA - Covid-19 update

Fredrikstad, Norway, 16 March 2021: Strict Covid-19 restrictions imposed -
Europris closing around 30 per cent of stores

…

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Due to the strict restrictions imposed by the Norwegian authorities, all
Europris stores in the Oslo and Viken counties are closed as of 16 March to 9
April in Oslo and 11 April in Viken. The situation may change rapidly and
Europris will continuously adapt to any changes. Currently around 30 per cent of
the store base is affected - for a continuously updated overview over closed
stores please visit the Europris website.

For questions or further information, please contact:

Espen Eldal, CEO, +47 48 29 24 24, espen.eldal@europris.no

Stina C Byre, CFO, +47 41 10 58 08, stina.byre@europris.no

Kilde

[TekBot]

Europris opens new store at Austevoll

Fredrikstad, 18 March 2021: Europris (OSE: EPR) opened a new store today at
Austevoll in Vestland county. This brings the group’s extensive network of
stores to 267.
…

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Today’s opening is the first one in 2021. The group has a robust pipeline of new
stores for 2021 and beyond. Europris’ nationwide network of 267 stores covers
every Norwegian county.

While Europris also offers online shopping, physical stores will continue to be
the main channel in Europris for the foreseeable future. The group’s growth
strategy remains unchanged, and its expansion in discount variety retailing will
continue through both physical stores and the online channel.

For further information, please contact:

Stina C Byre
CFO
Telephone: +47 411 05 808

Trine Engløkken
Investor relations
Telephone: +47 940 50 937

E-mail: ir@europris.no

Kilde

[TekBot]

Europris ASA: Annual report 2020

Europris ASA’s annual report is published. The report is attached to this stock
exchange notice and published on https://investor.europris.no.

…

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Further information from:

Stina C Byre, CFO, +47 41 10 58 08
Trine Engløkken, Investor Relations, +47 94 05 09 37

Fredrikstad, 26 March 2021

Europris ASA

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

Europris ASA Notice of annual general meeting

The annual general meeting of Europris ASA will be held on Wednesday, 5 May 2021
at 13:00 (CEST) at Europris ASA head office, Dikeveien 57, 1661 Rolvsøy.

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Due to the Covid-19 situation, all shareholders are encouraged to vote
electronically prior to the meeting, or issue a proxy to the meeting chair, and
not attend physically. Further details on how to vote in advance or provide an
authorisation is given in the notice attached.

Please find the following documents attached:

· Notice of annual general meeting
· Europris ASA annual report 2020
· Guidelines on pay and other remuneration for senior executives
· Recommendations from the nomination committee

The documents are also available on the company’s website:
https://investor.europris.no

The notice will be sent to all shareholders on 9 April 2021.

Further information from:
Trine Engløkken
Investor relations
+47 94 05 09 37

E-mail: ir@europris.no

Fredrikstad, 9 April 2021

Europris ASA

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

Europris ASA Q1 2021: Invitation to presentation of first quarter 2021 results

Europris ASA will publish its first quarter 2021 results on Thursday, 29 April
at 07:00 CEST. The quarterly report, presentation materials and spreadsheet with
key figures will also be available on the company’s website
…

Vis børsmeldingen

https://investor.europris.no.

CEO Espen Eldal and CFO Stina C Byre will present the company’s results at 08:30
via webcast. Due to the Covid-19 situation, the presentation will be held
without physical participants.

The presentation will be held in English and transferred via live webcast, and
will be made available through the company’s website
https://investor.europris.no. It will be possible to ask questions via the web.

Further information from:
Trine Engløkken, IR Manager
Telephone: +47 940 50 937
E-mail: ir@europris.no

Europris is Norway’s largest discount variety retailer by sales. The company
offers its customers a broad assortment of quality owned brands and brand name
merchandise. The company’s merchandise is sold through the Europris chain, which
consists of a network of 267 stores throughout Norway, 239 of which are directly
owned by the company and 28 of which operate as franchise stores. The company’s
headquarters are located in Fredrikstad, Norway.

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[Alias]

Ser DNB operer med disse Q1 estimatene:

Det er en omsetningsvekst på 15% relativt til Q1 2020, som kanskje er rimelig mtp Covid (+), forflytning av påsken (+) og butikknedstenginger (–).

Samtidig er EBITDA-veksten på 71%, og det slår meg som svært høyt relativt til omsetningsveksten. Til sammenlikning var Q4 2020 EBITDA-vekst på 50% med en omsetningsvekst på 33%. Ikke minst har det også trolig vært dyrere å drifte de “stengte” butikkene i nedstengingsperioden med klikk&hent betjeningsmodell.

Noen tanker rundt hva som kan løfte EBITDA for Q1 så kraftig som DNB (eller forsåvidt også konsensus) estimerer?

[TekBot]

Best first-quarter performance ever, driven by strong operations and top-line growth

Highlights for the first quarter of 2021

· Sales of NOK 1,718 million, growth of 24.3 per cent
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· Like-for-like chain sales growth of 23.5 per cent
· Positive effects from timing of Easter
· 10 per cent of stores on average temporarily closed owing to the Covid-19

pandemic

· Gross margin of 43.3 per cent, an improvement of 0.7 percentage points
· High sales of winter seasonal items and category development initiatives

· Operational efficiency continued to improve
· Opex-to-sales ratio decreased by 3.4 percentage points to 26.3 per cent

· Strong improvement in profitability
· EBITDA increased by 64 per cent to NOK 292 million
· EBITDA margin increased to 17 per cent (12.9 per cent)

· Net profit of NOK 104 million (NOK 0.3 million)
· Continued strong financial position
· Cash and liquidity reserves of NOK 1,526 million (NOK 966 million)

The first three months of 2021 were another strong quarter for Europris, with
significant top-line growth, improved margin, good cost control and increased
net profit. A cold winter led to high sales of seasonal items, in addition to
continued positive domestic demand driven by the closure of borders owing to
Covid-19. The timing of Easter also contributed positively to the overall
performance, while temporary store closures affected sales and operations
negatively.

“The first quarter of 2021 was another record-breaking quarter for us, where we
continued to improve operations and gain market shares,” comments Espen Eldal,
CEO of Europris. "In these challenging times for society, we play an important
role when serving peoples’ needs.

“My colleagues continued to demonstrate their ability to adapt rapidly to any
changes in market conditions. New solutions and action plans were introduced to
ensure continued sales from closed stores, and measures to reduce costs were
quickly and successfully implemented.”

Total sales increased by 24.3 per cent to 1,718 million and were strongest at
the beginning of the quarter, positively affected by a cold winter with higher
sales of seasonal goods. In addition, demand continued to be positively affected
by the Covid-19 pandemic and the timing of Easter.

Sales were negatively affected by the closure of 10 per cent of the stores on
average. Eastern Norway, where the majority of the temporarily closed stores
were located, saw sales grow by 16 per cent during the quarter compared with 31
per cent for the remainder of the chain.

Total e-commerce sales increased by 317 per cent, with growth in all product
categories. Sales growth was especially strong after the stricter Covid-19
pandemic measures were imposed in mid-March. E-commerce sales accounted for 0.9
per cent of total sales.

Gross profit came to NOK 744 million (NOK 589 million). The gross margin was
43.3 per cent (42.6 per cent) and was positively affected by good sales of
winter seasonal items and category development initiatives. Concept and category
development is at the core of operations in Europris. During the first quarter,
the Home category was successfully upgraded and delivered strong sales and
margin growth.

Operating expenditure (Opex) was NOK 452 million in the first quarter (NOK 411
million), up by 10 per cent. The Opex-to-sales ratio improved by 3.4 percentage
points to 26.3 per cent (29.7 per cent). Cost control was good and operational
efficiency continued to improve.

EBITDA was NOK 292 million (NOK 178 million), up by NOK 114 million or 64 per
cent. Net profit was NOK 124 million (NOK 0.3 million).

Europris has a strong financial position, with cash and liquidity reserves of
NOK 1,526 million at 31 March 2021 (NOK 966 million).

Europris opened one new store in the quarter, at Austevoll in Vestland county.
The new store has been well received by customers in the region. Europris
relocated one store in the first quarter, at Vågsbygd in Agder county. The
Europris chain now has 267 stores, of which 239 are directly operated and 28 are
franchises.

Europris ASA will publish its results for the first quarter of 2021 on Thursday
29 April at 07.00 CEST. The quarterly report, presentation materials and
spreadsheet with key figures will also be available on the company’s website at
https://investor.europris.no.
CEO Espen Eldal and CFO Stina C Byre will present the company’s results at 08.30
via webcast. Owing to the Covid-19 situation, the presentation will be held
without physical participants.
The presentation will be held in English and transferred via live webcast, and
will be made available through the company’s website at
https://investor.europris.no. It will be possible to ask questions via the web.

Further information from:
Espen Eldal, CEO, +47 48 29 24 24, espen.eldal@europris.no
Stina C Byre, CFO, +47 41 10 58 08, stina.byre@europris.no

About Europris:

Europris is Norway’s largest discount variety retailer by sales. The company
offers its customers a broad range of quality own brands and brand-name
merchandise. Its merchandise is sold through the Europris chain, which consists
of a network of 267 stores throughout Norway, 239 of which are directly owned by
the company and 28 of which operate as franchise stores. The company’s
headquarters are located in Fredrikstad, Norway.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde