Fourlis Group, during the first quarter of 2012, realized sales € 90,6 million, 3,15% lower than the same period last year (€ 93,5 million in continuing operations or € 95,8 million total).

Q1FY12 EBITDA was € 0,9 million (€ 5,7 million in Q1FY11).

Consolidated Losses Before Taxes was € 6,2 million compared to profits € 0,9 million in the same period last year.

 As a result, the Group realized Net Loss € 5,2 million compared to Net Profits of € 0,5 million in Q1FY11.
Retail Home Furnishings division (IKEA) despite the severe pressure in the furniture and home accessories market in Greece, realized sales € 59,1 million in Q1FY12 11,8% lower than the same period last year.   The EBITDA was € 1,6 million  compared to € 5,6 million in Q1FY11. Seven IKEA stores operate today (5 in Greece, one in Cyprus and one in Sofia, Bulgaria).

 Retail Sporting Goods division (INTERSPORT), realized € 26,1 million sales 33,4% higher than the Q1FY11 (€ 19,6 million). The EBITDA was € 0,3 million compared to a negative EBITDA of € 0,1 million in Q1FY11. Fourlis Group currently operates 80 Intersport stores in the region (38 in Greece, 20 in Romania, 5 in Bulgaria, 15 in Turkey and 2 in Cyprus) compared to 57 stores at the end of the 1^st quarter of 2011.

 The retail fashion activity (New Look stores) launched the first store in Romania in August 2011 and today operates 6 stores in this country.  New Look stores realized sales of € 0,6 million in Q1FY12.

 Finally, the wholesale of electrical and electronics division, realized sales € 4,8 million in Q1FY12.