Europris a profit after tax in Q1 2016 at 8.98 million kroner, against 5.97 million in the same quarter the year before.
The result before tax went from 8.18 to 11,980,000 respectively.
EBIT in Q1 2016 totaled 25.31 million, compared with NOK 43,410,000 million in the same quarter the year before.
Operating revenues totaled 1.015 , 89 million, up from 985,430,000 million in Q1 2015.
– We had satisfactory top line momentum in January and February, and outperformed the overall market. But March was challenging because an early Easter means less demand for our spring and summer products. The price war on Tidbits had a short-term, negative effect on traffic and caused discounts on other seasonal products, says Europris CEO Pål Wibe comments.
He stressed that the Q1 is the least important sales period for Europris and that the company is “well prepared” as we go into spring and summer.
the report and presentation here.
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