Fourlis Holdings reported group revenue up 7.6% year on year to EUR284 million in H1 2026, with like-for-like sales up 3% on a group basis and a gross profit margin of 46.7%. Group EBIT was negative EUR1.6 million, reflecting seasonality, inflationary pressures, growth investment ramp-up costs and network rationalization, while associates contributed EUR12.8 million. Within the group, home furnishing revenue rose 3.7% to EUR172.9 million with EBIT of EUR4 million, down from EUR8.3 million a year earlier, and sporting goods revenue rose 14.2% to EUR109.5 million, the group's strongest growth driver, though that segment posted an EBIT loss of EUR0.7 million on Foot Locker expansion costs, Romania challenges and stock rationalization. The company recognized EUR1.6 million of one-off network rationalization costs in H1, mainly in Romania, and expects approximately EUR10.7 million of transformation and reorganization costs for full year 2026, of which EUR9.1 million falls in H2, with the plan targeted to generate about EUR9.1 million in annual recurring benefits from 2027 onwards. Fourlis paid a dividend of EUR0.15 per share in July, initiated a new buyback program for up to 5% of share capital, and agreed the sale of its indirect 50% participation in Sofia South Ring Mall for EUR49.3 million, with most proceeds to reduce net debt and an estimated EUR9.3 million one-off net gain in full year 2026 pre-tax profit. For full year 2026, the company guides to group sales of approximately EUR645 million, a gross profit margin around 46.5% and EBIT of EUR15 million to EUR17 million, including EUR10.5 million of nonrecurring transformation and restructuring costs.
Altarea SCAH1 revenue rose 7.6% to EUR284m, full-year guidance backed, plus buyback, dividend and EUR49.3m mall sale reducing net debt
Foot Locker expansion costs drove an EBIT loss in Fourlis's sporting goods segment, indicating costly rollout of Foot Locker stores
