The Greek Deal.com
FOURLIS GROUP
62.3% increase in EBITDA in the first half of the year
Fourlis Group announced a significant improvement in gross profit margin in the first half of 2024, which it attributed to the group's competitive advantage in its supply chain.
Takes over the development of Foot Locker in SE Europe
Fourlis Holdings announced a new strategic agreement in the sporting goods sector through the conclusion of licensing agreements with Foot Locker to further expand its store network and e-commerce in Southeast Europe, as well as agreements to acquire Foot Locker's operations in Greece and Romania.
Retail Forecasts for 2024
Fourlis declared that management gave a presentation on the group's performance, its strategic goals, and its retail forecasts for 2024 at the company's annual general meeting of shareholders on Friday, June 21, 2024.
New page after 75 years in the Greek and international market
At a press conference, The Fourlis Group unveiled its new corporate identity and future goals.
Sales up 4.7% in the first quarter and EBIT improved
Fourlis Group's sales increased by 4.7% in Q1 2024 compared to the same period last year.
Strong earnings of EUR 28.1 million in 2023 - Proposed dividend of EUR 0.12
Fourlis: 10% increase in sales and 21.8% increase in EBITDA in 2023
Turnover €390 million and EBITDA +31.5%
The retail sector of household goods and furniture (IKEA) recorded a significant increase of 17.5% on an annual basis, thanks to IKEA's leading position in the market and improved inventory availability
Solid double digit revenue growth
Significant EBITDA (OPR) growth of 29.1% reaching €31.5 mil. compared to €24.4 mil. in the respective period of last year, on the back of optimization of operating costs and increasing operating leverage.