FOURLIS S.A.
Consolidated Financials Η1FY09 (IFRS)
- Sales euro 316,08 mio, 9.7% down y-o-y (H1FY08: euro 349,86 mio.
- EBITDA flat at euro 30,26 mio y-o-y (H1FY08: euro 30,30 mio).
- PBT up by 0.5% to euro 19,58 mio y-o-y (H1FY08: euro 19,48 mio).
- NP down 5,3% to euro 13,39 mio y-o-y (H1FY08: euro 14,14 mio).
- EPS euro 0,26 (H1FY08: euro 0,28).
Retail Home Furnishings division (IKEA) during the first half of 2009, realized a 0,7% y-o-y increase in sales to euro 139,05 million and euro 17,12 million Profit Before Taxes (H1FY08 euro 11,54 million). The financial results of this division include euro 1,3 million pre-opening expenses related mainly to the future openings of the new IKEA stores in Greece and Bulgaria, as well as a one-off capital gain of euro 1,7 million related to the sale of real estate property (H1FY08 pre-opening expenses together with port strike effect: euro 7,0 mio). Αdjusted EBITDA for H1FY09 was down 8,7% y-o-y to euro 22,85 million (H1FY08: euro 25,03 mio).
Retail Sporting Goods division (INTERSPORT), realized sales of euro 37,64 million (14,2% up y-o-y) and euro 2,25 million Profit Before Taxes (H1FY08 euro 3,48 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 36 stores at the end of H1FY08.
Finally the wholesale of electrical and electronics division, realized 22,1% y-o-y decrease in sales (euro 139,39 million) and euro 0,14 million Loss before Taxes compared to euro 4,81 mio Profit before Tax for the same period in 2008. The reduction in Sales and Profits is attributed to the activity in Romania.
- EBITDA flat at euro 30,26 mio y-o-y (H1FY08: euro 30,30 mio).
- PBT up by 0.5% to euro 19,58 mio y-o-y (H1FY08: euro 19,48 mio).
- NP down 5,3% to euro 13,39 mio y-o-y (H1FY08: euro 14,14 mio).
- EPS euro 0,26 (H1FY08: euro 0,28).
Retail Home Furnishings division (IKEA) during the first half of 2009, realized a 0,7% y-o-y increase in sales to euro 139,05 million and euro 17,12 million Profit Before Taxes (H1FY08 euro 11,54 million). The financial results of this division include euro 1,3 million pre-opening expenses related mainly to the future openings of the new IKEA stores in Greece and Bulgaria, as well as a one-off capital gain of euro 1,7 million related to the sale of real estate property (H1FY08 pre-opening expenses together with port strike effect: euro 7,0 mio). Αdjusted EBITDA for H1FY09 was down 8,7% y-o-y to euro 22,85 million (H1FY08: euro 25,03 mio).
Retail Sporting Goods division (INTERSPORT), realized sales of euro 37,64 million (14,2% up y-o-y) and euro 2,25 million Profit Before Taxes (H1FY08 euro 3,48 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 36 stores at the end of H1FY08.
Finally the wholesale of electrical and electronics division, realized 22,1% y-o-y decrease in sales (euro 139,39 million) and euro 0,14 million Loss before Taxes compared to euro 4,81 mio Profit before Tax for the same period in 2008. The reduction in Sales and Profits is attributed to the activity in Romania.