Fourlis announced its consolidated financial results for the first nine months of 2024, based on which operating earnings before interest, taxes, depreciation, and amortization (OPR) recorded a significant increase of 40.9% to €44.4 million in the first nine months of 2024 compared to €31.5 million in the first nine months of last year, with the EBITDA margin (OPR) at 10.9% from 8.1%.

Revenue for the group from consolidated sales was €407.6 million, up 4.6%, and net profit was €17.1 million compared to €5.9 million in the nine months to 2023.

More specifically, sales growth was recorded from all group activities, supported by sales volumes. Sales from the group's retail business increased by 2.6% to €390.0 million in the first nine months of 2024, driven by volume growth across all of the group's retail activities.

Improved gross profit, operating cost control, and operational efficiency led to a significant improvement in profitability.

• Fourlis Group consolidated sales increased by 4.6% to €407.6 million in the first nine months of 2024.
• Significant improvement in gross profit margin thanks to the group's competitive advantage in its supply chain. The group's retail business reported a gross profit improvement to 46.2% in 9M24 from 44.4% in 9M23.
• 40.9% increase in operating profit before interest, tax, depreciation and amortisation EBITDA (OPR)
• Consolidated EBIT increased by 74.4% to €37.5 million in the nine months of 2024 from €21.5 million in the nine months of 2023, with the EBIT margin at 9.2% from 5.5% in the same period last year.
• Group Retail EBITDA (OPR) amounted to €27.9 million in the first nine months of 2024 from €22.6 million in the first nine months of 2023, with the EBITDA (OPR) margin increasing to 7.1% from 5.9% in the corresponding period last year.
• Group Retail EBIT increased by 42.3% to €16.4 million in 9M 2024 from €11.5 million in 9M 2023, and the Group Retail EBIT margin improved to 4.2% from 3.0%.