At 118.2m euros amounted to sales of Fourlis Group In the first quarter of 2025, recording an increase of 1.7% compared to the same period last year.
The Fourlis Group showed a significant improvement in gross profit, supported by supply chain efficiency and a improved mix of products. The gross profit margin stood at 46.7% in the first quarter 2025, compared to 44.5% in the corresponding period of 2024.
Control of operating expenses and functional efficiency have led to the improvement of the operating results of the group.
At the same time, the Group reduced operating losses to EUR 2.5 million in the first quarter of 2025, against a loss of EUR 3 million in the first quarter 2024, an improvement of 16.8% on an annual basis. Also, quasi -tax losses decreased to EUR 5.5 million in the first quarter of 2025, against losses before taxes of EUR 7.3 million in the corresponding quarter of 2024, which corresponds to an improvement of 24.7%. The Group reduced losses after taxes to € 4.6 million in the first quarter of 2025, against tax losses of € 5.9 million in the corresponding period of 2024, an improvement by 22.5%, a 22.5%improvement,
The net profit attributed to the shareholders of the parent company amounted to EUR 2.7 million in the first quarter of 2025, against losses of € 3.7 million in the first quarter of 2024. Group’s net profits in the first quarter of 2025 include profits of EUR 6.4 million from the sales.
The group’s net lending stood at € 86.1 million in the first quarter of 2025 compared to EUR 102.3 million in the first quarter of 2024, in alignment with the commitment of the administration to maintain a low net lending.
From the beginning of 2025 to the present day, the group’s sales have increased by approximately +6% compared to the corresponding period of the previous year ( +14% in the second quarter 2025 to date). Sales in the home equipment industry has been increased by +3% since the beginning of the year ( +9% in the second quarter to date), while the sportswear sector continues the positive march with an increase of +12% from the beginning of the year ( +20% in the second quarter to date).
More specifically, the Fourlis Group of Home Equipment and Furniture (IKEA Stores) showed a 0.6% decrease in sales, affected by the cyberattack incident that caused temporary disorders in the refueling of stores and the operation of e -commerce from 20th. It benefited from efficiency in the supply chain and an improved mix of products, so the gross profit margin increased from 45.1% in the first quarter of 2024 to 46.9% in the first quarter of 2025. It reached 2.5% in the first quarter of 2025 from 2.3% in the first quarter of 2024.
The sportswear industry recorded a sales increase of 6.1%in the first quarter of 2025 compared to the first quarter of 2024, marking a dynamic start of the year. Sales of sportswear were supported by the expansion of the store network and the improvement of the product range. The industry’s gross profit margin improved, combined with optimized stock levels and a product mixture, reaching 46.0% in the first quarter of 2025 from 42.9% in the first quarter of 2024. 19.8% on an annual basis.
Sales by the Health & Wellness of the Health and Wellness amounted to EUR 0.7 million in the first quarter of 2025, compared to EUR 0.4 million in the first quarter of 2024, backed by high customer loyalty and converting rates in sales, as well as strong growth on a comparable basis. The gross profit margin of the industry stood at 52.9% in the first quarter of 2025, improved compared to 50.9% in last year’s corresponding quarter, backed by the product mixture of the portfolio. In the first quarter of 2025, the Health & Wellness Industry reported operating losses of EUR 0.6 million from € 0.5 million in the first quarter of 2024, as the development of the network and infrastructure network continues.
Dimitris Valachis, Managing Director of the Fourlis Group, commented: “The first quarter of 2025 was a dynamic start for the group, with enhanced operational performance and systematic implementation of our strategic plan. We have taken important steps, such as the removal of Trade Estates and the continuing expansion of our network. Despite the temporary challenges at the beginning of the quarter, the group’s activity has shown durability, enhanced by the improvement of margins and disciplined cost management. The positive trends recorded in the second quarter reinforce our confidence and we remain committed to profitable growth, business excellence and the creation of long -term value. “