The sales of the Fourlis SA Group increased by 7.7%, reaching € 264.0 million compared to the first half of 2024, with the sales growth rate accelerating to +13.0% in the second quarter 2025.
The Fourlis SA retail group in Southeast Europe announces the consolidated financial results of the first half of 2025. The group has recorded sales increase with accelerated dynamic, significant gross profit growth and improved net profitability. The removal of Trade Estates has been completed, which further enhanced the group’s financial flexibility, and investments for the development of IKEA, INTERSPORT and Foot Locker has continued.
The gross profit margin improved to 47.9% in the first half of 2025 from 46.4% in 2024, as a result of the more efficient supply chain, the improved mix of products and lower costs sold due to increased markets.
After completing the private placement of 16% on February 4, 2025, Trade Estates AEAP is now unified by the net position (47.3% group participation rate). The contribution to the results of the first semester 2025 amounted to € 5.7 million.
Profit after taxes stood at € 1.9 million against losses of € 0.8 million in the first half of 2024. Net profit ratios to parent company shareholders amounted to € 9.0 million, increased by 24.8% versus € 7.2 million in the first half.
The Group confirms its forecasts for the total year 2025. Sales are expected to increase by about 13.3%, to € 600 million from € 530 million in 2024 and customized EBITDA is estimated to be around € 38 million, increased by 20% compared to € 31.7 million.
The Group’s net lending was reduced to € 87.6 million in the first half of 2025 from € 95.2 million in 2024.
Total capital costs (CAPEX) in the first semester of 2025 amounted to € 12.9 million, of which € 3.4 million relate to maintenance investments, € 2 million are in investment in digital transformation and € 7.5 million in growth, mainly related to the expansion of IKEA and Intersport and Intersport. Locker.
In July 2025, the Group paid a dividend of € 0.15 per share for the use of 2024, increased by 25% compared to the previous year (dividend per share at € 0.12), with a distribution rate of about 38% of net profits. In addition, in August 2025, it canceled 2,606,509 of the same shares, corresponding to 4.9% of the share capital, further enhancing profits per share (EPS) for shareholders.