Fourlis Holdings S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 23, 2021
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Fourlis Holdings S.A. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was EUR 91.3 million compared to EUR 127 million a year ago. Operating loss was EUR 1.3 million compared to operating Income of EUR 15.5 million a year ago. Net loss was EUR 5.6 million compared to net income of EUR 5.9 million a year ago. For the full year, sales was EUR 370.6 million compared to EUR 466.3 million a year ago. Operating income was EUR 9.6 million compared to EUR 35.8 million a year ago. Net loss was EUR 8.7 million compared to net income of EUR 11.9 million a year ago.
Fourlis SA is a Greece-based investment holding company. Along with its subsidiaries, the Company is active in two operating segments: Retail Trading of Home Furniture and Household Goods, through the franchise of IKEA stores in Greece, Cyprus and Bulgaria; Retail Trading of Sporting Goods, through the franchise of INTERSPORT stores in Greece, Cyprus, Bulgaria, Turkey and Romania and THE ATHLETEâS FOOT stores in Greece and Turkey. The Companyâs direct subsidiaries include HOUSEMARKET SA, HM HOUSEMARKET CYPRUS LIMITED, HOUSE MARKET BULGARIA EAD, TRADE LOGISTICS SA, Intersport Athletics SA, Intersport Athletics Cyprus Limited, Genco Trade SRL (Romania), Genco Bulgaria EOOD and Intersport Atletik in Turkey.
FOURLIS HOLDINGS S.A. 
