FOURLIS S A : Q3FY16 Financial Results - Press Release
November 22, 2016 at 10:38 am EST
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Consolidated Financials Q3FY16 (IFRS)
Fourlis Group, during the nine months of 2016, realized sales of € 311,9 million 5,5% higher vs same period last year (€ 295,6 mio).
9MFY16 EBITDA was € 25,6 million vs € 18,3 million in 9MFY15 an increase of 39,5%.
Consolidated Profits Before Taxes were € 2,5 million vs losses € 4,0 million in 9MFY15.
The Group realized Net Profits € 1,3 million compared to Net Loss of € 3,6 million in 9MFY15.
Sales
EBITDA
PBT
9M FY16 9M FY15
Δ% 9M FY16 9M FY15
Δ% 9M FY16 9M FY15
Δ%
Retail Home Furnishings (ΙΚΕΑ)
208,99
194,09
7,7%
Retail Sporting Goods (INTERSPORT)
102,71
96,75
6,2%
Discontinued Operations
0,24
4,82
-95,0%
18,67
13,63
36,9%
8,47
6,81
24,4%
-0,90
-1,53
-41,1%
2,47
-2,04
-
1,80
0,62
191,2%
-0,91
-1,85
-50,9%
Holding Company & Consolidation Differences
-0,01
-0,04
-64,1%
GROUP
311,93
295,62
5,5%
-0,68
-0,60
13,7%
25,56
18,32
39,5%
-0,85
-0,76
11,4%
2,51
-4,03
-
Amounts in million EUR
Retail Home Furnishings activity (IKEA) realized sales of € 209,0 million in 9MFY16, 7,7% higher vs 9MFY15. EBITDA was € 18,7 million versus € 13,6 million in 9MFY15, an increase of 40,0%, while profits before taxes were € 2,5 million vs losses € 2,0 million in 9MY15.
7 IKEA stores operate today (5 in Greece, one in Cyprus and one in Sofia, Bulgaria) and 7 Pick-up Points in Greece and Bulgaria (Rhodes Island, Patras, Chania, Heraklion, Komotini, Varna and Burgas which is the latest addition, inaugurated in October 2016). Finally IKEA e-commerce is fully operational in the three countries Greece, Bulgaria and Cyprus.
Retail Sporting Goods activity (INTERSPORT), realized € 102,7 million sales 6,2% higher versus 9MFY15 (€ 96,8 million). The EBITDA was € 8,5 million compared to € 6,8 million in 9MFY15 an increase of 24,4%and the profits before taxes were € 1,8 million vs profits € 0,6 million for the same period last year. Fourlis Group currently operates 112 Intersport stores in the region (48 in Greece, 30 in Romania, 7 in Bulgaria, 23 in Turkey and 4 in Cyprus) compared to 106 stores at the end of 2015 and 7 The Athlete's Foot stores (5 in Greece, 2 in Turkey).
22 November 2016 Fourlis Holdings S.A.
I.R. Department
Fourlis SA published this content on 22 November 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 November 2016 15:38:07 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. 
