FOURLIS S A : H1FY17 Financial Results - Press Release
September 05, 2017 at 10:23 am EDT
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Consolidated Financials Η1 2017 (IFRS)
FOURLIS Group, during H1FY17, realized sales € 191.3 million 1.2% lower vs same period last year (€
193.7 million).
H1FY17 EBITDA was € 11.1 million vs € 11.9 million in H1FY16.
Consolidated Losses Before Taxes were € 2.4 million vs losses € 4.0 million in H1FY16.
The Group realized Net Loss € 2.1 million compared to Net Loss of € 3.3 million in H1FY16.
Sales
EBITDA
PBT
H1FY17 H1FY16
Δ% H1FY17 H1FY16
Δ% H1FY17 H1FY16
Δ%
Retail Home Furnishings (ΙΚΕΑ)
124,73
127,61
-2,3%
Retail Sporting Goods (INTERSPORT)
66,59
65,86
1,1%
Discontinued Operations
0,00
0,22
-100,0%
7,27
7,90
-8,0%
4,34
5,15
-15,8%
0,00
-0,71
-100,0%
-1,33
-3,53
-62%
-0,46
0,78
-159,4%
0,00
-0,71
-100,0%
Holding Company & Consolidation Differences
0,00
0,00
-137,3%
GROUP
191,31
193,69
-1,2%
-0,49
-0,46
6,8%
11,12
11,89
-6,5%
-0,60
-0,57
4,5%
-2,38
-4,04
-41,0%
Amounts in million EUR
Retail Home Furnishing and Accessories activity (IKEA) realized sales of € 124.7 million in H1FY17, 2.3% lower vs H1FY16 year (€ 127.6 million). The sales in Greece for the same period decreased by 6,9% y-o-y , while in the other countries increased by 7,9% y-o-y. EBITDA was € 7.3 million versus € 7.9 million in H1FY16, while losses before taxes were € 1.3 million vs losses € 3.5 million in H1FY16.
7 IKEA stores operate today (5 in Greece, one in Cyprus and one in Sofia, Bulgaria) and 7 Pick-up Points in total. 5 in Greece (Rhodes Island, Patras, Chania, Heraklion, Komotini) and 2 in Bulgaria (Varna and Burgas). Finally IKEA e-commerce is fully operational in the three countries Greece, Bulgaria and Cyprus.
Retail Sporting Goods activity (INTERSPORT), realized € 66.6 million sales 1.1% higher versus H1FY16 (€ 65.9 million). The sales in Greece for the same period increased by 0,3% y-o-y , while in the other countries increased by 1,9% y-o-y. The EBITDA was € 4.3 million compared to € 5.2 million in H1FY16 and the losses before taxes were € 0.5 vs profits € 0.8 million for the same period last year. FOURLIS Group currently operates a network of 124 stores of Intersport and The Athlete's Foot (TAF). During the course of 2017 opened 5 Intersport Stores and 4 TAF. Today the store network consists of 50 Intersport stores in Greece, 30 in Romania, 22 in Turkey, 7 in Bulgaria and 4 in Cyprus. Respectively, there are 10 The Athlete's Foot stores in Greece and one in Turkey.
September 5, 2017 Fourlis Holdings S.A.
I.R. Department
Fourlis SA published this content on 05 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 September 2017 14:22:05 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. 
