With the growth in sales as well as net profit, the nine months from January to September 2022 closed for the Fourlis Group, which is expected due to the fact that activities, mainly in relation to household appliances, are facilitated by the normal operation of physical stores. The third quarter of the fiscal year also ended with a positive sign in sales (+7%), although at a slower pace compared to the nine months, and net income decreased by 10%. However, the cost of energy plays a decisive role in the results. The cost of energy to operate its stores and warehouses now accounts for 6.5% of operating expenses in the nine months of 2022, compared to 4.7% for the full year of 2021, according to the group.

Thus, according to what was announced yesterday by the listed company AE group, the turnover for the nine months from January to September 2022 was 352.5 million euros, compared to 316.5 million euros in the corresponding period of 2021, an increase of 11 ,four%. Online sales, which in 2020-2021 offset a large part of the group’s quarantine losses, have fallen both as a percentage of total turnover and in absolute terms. In particular, they amounted to 50.7 million euros out of 60.2 million euros in the nine months of 2021, representing 14.38% of total turnover compared to 19% last year.

Consolidated operating income before interest, taxes and depreciation (EBITDA) decreased by 8.61% to 24.4 million euros against 26.7 million euros in the corresponding period last year. Profit before tax was €9.3 million compared to €7.4 million in the nine months of 2021. Profit after tax amounted to 9.2 million euros, an increase of 15%.

Appliances and furniture retail (IKEA) activity amounted to 221.3 million euros against 193.9 million euros, an increase of 14.1%. Especially in Greece, sales increased by 15.4%, while in other countries – by 12.1%. EBITDA was 19 million euros compared to 16.9 million euros, and profit before tax almost doubled to 13 million euros compared to 6.8 million euros last year.

Losses, on the other hand, were recorded in the sporting goods business, in which the group is represented by the brands Intersport and The Athlete’s Foot. Operating profit fell to 7.4 million euros from 11.1 million euros in the first nine months of 2021, i.e. by 33%. Profit before tax was €2.5 million compared to €6.8 million last year, down 63%, and the net result was a loss of €1.5 million compared to a net income of €2 million for the previous year. nine months of 2021. weeks, in addition, the opening of the first Holland & Barrett health store is expected, while preparations continue for the Trade Estates AEEAP listing on the Athens Stock Exchange in the first half of 2023.