FOURLIS S.A.
Consolidated Financials Q1FY09 (IFRS)
Sales euro 152,95 mio, 5% down y-o-y (Q1FY08: euro 161,03 mio) due to electronics wholesale activity in Romania.
EBITDA up 11,9% to euro 13,51 mio y-o-y (Q1FY08: euro 12,07 mio). Adjusted EBITDA was down 21,9% to euro 13,94 mio (Q1FY08: euro 17,86 mio). IKEA Preopening expenses Q1FY09: euro 0,43 mio (Q1FY08: euro 5,8 mio, port strike effect included).
PBT up by 15.8% to euro 7,60 mio y-o-y (Q1FY08: euro 6,56 mio).
NP up 9,4% to euro 4,89 mio y-o-y (Q1FY08: euro 4,47 mio).
EPS euro 0,10 (Q1FY08: euro 0,09).
Retail Home Furnishings division (IKEA) during the first quarter, realized 11,2% y-o-y increase in sales to euro 69,26 million and euro 8,98 million Profit Before Taxes (Q1FY08 euro 4,36 million). The financial results of this division include euro 0,43 million pre-opening expenses related mainly to the future openings of the new IKEA stores in the Greek province and Bulgaria (Q1FY08 pre-opening expenses together with port strike effect: euro 5,8 mio). Αdjusted EBITDA for Q1FY09 was down 4,4% y-o-y to euro 12,39 million (Q1FY08: euro 12,96 mio).
Retail Sporting Goods division (INTERSPORT), realized sales of euro 17,90 million (19,1% up y-o-y) and euro 0,20 million Profit Before Taxes (Q1FY08 euro 0,97 million). Local currency devaluation in Romania (RON vs EUR) and the sales performance of the new stores before maturity affected profits. Today there are 44 Intersport stores compared to 32 stores at the end of Q1FY08
Finally the Wholesale of electrical and electronics division, realized 21,4% y-o-y decrease in sales (euro 65,78 million) and euro 1,53 million Loss before Taxes compared to euro 1,47 mio Profit before Tax for the same period in 2008. The reduction in Sales and Profits is attributed to the activity in Romania.
EBITDA up 11,9% to euro 13,51 mio y-o-y (Q1FY08: euro 12,07 mio). Adjusted EBITDA was down 21,9% to euro 13,94 mio (Q1FY08: euro 17,86 mio). IKEA Preopening expenses Q1FY09: euro 0,43 mio (Q1FY08: euro 5,8 mio, port strike effect included).
PBT up by 15.8% to euro 7,60 mio y-o-y (Q1FY08: euro 6,56 mio).
NP up 9,4% to euro 4,89 mio y-o-y (Q1FY08: euro 4,47 mio).
EPS euro 0,10 (Q1FY08: euro 0,09).
Retail Home Furnishings division (IKEA) during the first quarter, realized 11,2% y-o-y increase in sales to euro 69,26 million and euro 8,98 million Profit Before Taxes (Q1FY08 euro 4,36 million). The financial results of this division include euro 0,43 million pre-opening expenses related mainly to the future openings of the new IKEA stores in the Greek province and Bulgaria (Q1FY08 pre-opening expenses together with port strike effect: euro 5,8 mio). Αdjusted EBITDA for Q1FY09 was down 4,4% y-o-y to euro 12,39 million (Q1FY08: euro 12,96 mio).
Retail Sporting Goods division (INTERSPORT), realized sales of euro 17,90 million (19,1% up y-o-y) and euro 0,20 million Profit Before Taxes (Q1FY08 euro 0,97 million). Local currency devaluation in Romania (RON vs EUR) and the sales performance of the new stores before maturity affected profits. Today there are 44 Intersport stores compared to 32 stores at the end of Q1FY08
Finally the Wholesale of electrical and electronics division, realized 21,4% y-o-y decrease in sales (euro 65,78 million) and euro 1,53 million Loss before Taxes compared to euro 1,47 mio Profit before Tax for the same period in 2008. The reduction in Sales and Profits is attributed to the activity in Romania.