Europris — Earnings Release 2015

Nov 12, 2015

Europris - Third quarter 2015 results

Europris - Third quarter 2015 results

[Fredrikstad, 12 November 2015]: Europris (OSE: EPR) continued to outperform the

market in the third quarter, with a like-for-like sales growth of 2.9 per cent,

compared with 1.9 per cent for the market. So far in 2015, the like-for like

sales growth is 5.0 per cent, well above the market of 2.1 per cent.

Total revenues for the third quarter 2015 came to NOK 1,135 million, up 7.6 per

cent from NOK 1,054 million in the third quarter 2014. EBITDA grew by 8.1 per

cent to NOK 122 million (NOK 113), corresponding to an EBITDA margin of 10.7 per

cent (10.7 per cent). Net profit for the third quarter amounted to NOK 75

million, an increase of 99 per cent, compared with NOK 38 million for the

corresponding quarter in 2014.

Following the summer season, the key priority areas have been wide stocktaking,

extensive sales training and thorough preparations for the peak Christmas season

in the fourth quarter, as well as close follow-up to realise Europris' growth

potential through new store openings. Europris opened two new stores in the

third quarter, bringing the number of stores in the chain to 227.

-          On back of a slower pace of growth in the Norwegian retail sector, I

am very pleased to see that Europris outperforms the sector in yet another

quarter. Europris is responding actively to changing market conditions, and we

are following our growth path in a successful way.

-          Europris is fully prepared for the last and most important quarter of

the year, and our performance so far in 2015 brings resilience into the peak

season, says CEO Pål Wibe.

Total revenues for the first nine months 2015 increased by 8.7 per cent to NOK

3,220 million, compared with NOK 2,961 million for the same period last year.

EBITDA increased by 21.8 per cent to 357 million (excluding IPO cost), compared

with NOK 293 million for the same period last year.

Please find the report and presentation for the third quarter 2015 enclosed.

For further information, please contact:

CEO Pål Wibe, tel.: +47 991 19 891

CFO Espen Eldal, tel.: +47 482 92 424

About Europris:

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 227 stores throughout Norway, the company directly owns

164 of which and 63 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.