Europris ASA (GB:0RAI) has released an update.
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Europris ASA has solidified its position in the Nordic discount variety retail market by completing the acquisition of Runsvengruppen (ÖoB) and initiating a program to integrate ÖoB and realize synergies. The combined turnover of the new group is NOK 13.5 billion for the last twelve months, with Europris aiming to drive top-line growth and improve gross margins. Despite facing challenges such as routing changes in shipping and the impact of the Easter timing on sales, the company reported a 34.6% increase in group sales and remains committed to unlocking the potential of ÖoB to achieve significant sales and profitability growth by 2028.
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