Fourlis Group, during Q1FY18, realized sales of € 96,2 million 8% higher vs same period last year last year (€ 89,1 mio).
Q1FY18 EBITDA was € 3,6 million vs € 2,8 million in Q1FY17, an increase of 28,1 %.
Consolidated Losses Before Taxes were € 3,0 million vs losses € 4,1 million in Q1FY17.
The Group realized Net Loss € 2,3 million compared to Net Loss of € 3,3 million in Q1FY17.
Sales
EBITDA
PBT
Q1FY18
Q1FY17
Index
Q1FY18
Q1FY17
Index
Q1FY18
Q1FY17
Index
Retail Home Furnishings
(ΙΚΕΑ)
61,87
57,05
108
2,79
1,92
145
-1,20
-2,31
52
Retail Sporting Goods
34,31
32,03
107
1,02
1,07
95
-1,52
-1,49
102
(INTERSPORT)
Holding Company & Consolidation Differences
0,00
-0,00
-193
-0,25
-0,22
118
-0,29
-0,27
110
GROUP
96,18
89,07
108
3,56
2,78
128
-3,01
-4,07
74
Amounts in million EUR
Retail Home Furnishing and Accessories activity (IKEA) realized sales of € 61,9 million in Q1FY18, increased by 8,4% vs Q1FY17 (€ 57,1 million). Q1FY18 sales in Greece increased by 6,2% versus Q1FY17, while in the other countries increased by 12,7% versus Q1FY17. EBITDA was € 2,8 million in Q1FY18 versus € 1,9 million in Q1FY17, while Losses Before Taxes in Q1FY18 were € 1,2 million vs losses € 2,3 million in Q1FY17.
7 IKEA stores operate today (5 in Greece, one in Nicosia, Cyprus and one in Sofia, Bulgaria) and 7 Pick-up Points. 5 of them in Greece (Rhodes Island, Patras, Chania, Heraklion and Komotini) and two in Bulgaria (Varna and Burgas). Finally IKEA e-commerce in the three countries Greece, Bulgaria and Cyprus realized high growth rates.
Retail Sporting Goods activity (INTERSPORT), realized sales € 34,3 million 7,1% higher versus Q1FY17 (€ 32,0 million). The increase is mainly attributed to the Greek operation, since Greece increased by 16,2%, while the other countries realized marginal increase. Both EBITDA and Losses Before Taxes remained flat y-o-y. Specifically, EBITDA at €1,0 mio in Q1FY18 while losses before taxes at € 1,5 mio.
FOURLIS Group currently operates a network of 128 stores of Intersport and The Athlete's Foot (TAF). Today the store network consists of 50 Intersport stores in Greece, 29 in Romania, 24 in Turkey, 7 in Bulgaria and 4 in Cyprus. Respectively, there are 12 The Athlete's Foot stores in Greece and 2 in Turkey. E-sales in Greece realized high growth rates, while the execution of e-commerce in the other countries remains a priority for the Group.
Fourlis SA published this content on 22 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 May 2018 15:17:10 UTC
Fourlis SA is a Greece-based investment holding company. Along with its subsidiaries, the Company is active in two operating segments: Retail Trading of Home Furniture and Household Goods, through the franchise of IKEA stores in Greece, Cyprus and Bulgaria; Retail Trading of Sporting Goods, through the franchise of INTERSPORT stores in Greece, Cyprus, Bulgaria, Turkey and Romania and THE ATHLETEâS FOOT stores in Greece and Turkey. The Companyâs direct subsidiaries include HOUSEMARKET SA, HM HOUSEMARKET CYPRUS LIMITED, HOUSE MARKET BULGARIA EAD, TRADE LOGISTICS SA, Intersport Athletics SA, Intersport Athletics Cyprus Limited, Genco Trade SRL (Romania), Genco Bulgaria EOOD and Intersport Atletik in Turkey.
FOURLIS HOLDINGS S.A. 
