Financial highlights for the fourth quarter of 2025:
Total group sales reached NOK 4,611 million in the fourth quarter, an increase of 5.3 per cent on a reported basis and 4.1 per cent in constant currency
Sales growth of 4.6 per cent to NOK 3,372 million in segment Norway
Sales growth of 7.3 per cent to NOK 1,283 million in segment Sweden, with sales increasing 2.8 per cent in local currency
Gross margin of 42.6 per cent (42.5)
Opex-to-sales ratio of 22.1 per cent (22.3)
EBIT of NOK 677 million (624) and EBIT margin of 14.7 per cent (14.3)
Net profit attributable to parent of NOK 464 million (443)
Includes unrealised losses on interest rate swaps of NOK 5 million compared to unrealised gains of NOK 8 million in 2024
"Norway delivered a strong performance, supported by good sales growth and a good margin level, reflecting disciplined execution in a demanding retail environment. In Sweden, the turnaround initiatives are progressing and results are improving, but we are still in the early phases. We remain fully committed to our targets for Sweden while continuing to protect strong performance in Norway. Our long-term priorities remain unchanged.", comments CEO Espen Eldal.
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