Upcoming Dividend • Jun 25
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 03 July 2026. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.6%). Declared Dividend • May 25
Dividend of €0.15 announced Dividend of €0.15 is the same as last year. Ex-date: 29th June 2026 Payment date: 3rd July 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but not covered by cash flows (140% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 20
Fourlis Holdings S.A. announces Annual dividend, payable on July 03, 2026 Fourlis Holdings S.A. announced Annual dividend of EUR 0.1500 per share payable on July 03, 2026, ex-date on June 29, 2026 and record date on June 30, 2026. Announcement • Mar 25
Quest Holdings S.A. (ATSE:QUEST) acquired an additional 5.48% stake in Fourlis Holdings S.A. (ATSE:FOYRK). Quest Holdings S.A. (ATSE:QUEST) acquired an additional 5.48% stake in Fourlis Holdings S.A. (ATSE:FOYRK) on March 24, 2026. Following the transaction Quest Holdings directly holds 10.34% voting rights while through Iqbility it holds 0.19% voting rights in Fourlis Holdings S.A. corresponding to 5,464,831 voting rights directly and indirectly representing 10.53% voting rights in Fourlis Holdings S.A.
Quest Holdings S.A. (ATSE:QUEST) completed the acquisition of an additional 5.48% stake in Fourlis Holdings S.A. (ATSE:FOYRK) on March 24, 2026. Announcement • Feb 27
Fourlis Holdings S.A. to Report Fiscal Year 2025 Results on Mar 31, 2026 Fourlis Holdings S.A. announced that they will report fiscal year 2025 results After-Market on Mar 31, 2026 Announcement • Jun 22
Fourlis Holdings S.A. announces Annual dividend, payable on July 03, 2025 Fourlis Holdings S.A. announced Annual dividend of EUR 0.1500 per share payable on July 03, 2025, ex-date on June 27, 2025 and record date on June 30, 2025. Announcement • Mar 05
Fourlis Holdings S.A., Annual General Meeting, Jun 20, 2025 Fourlis Holdings S.A., Annual General Meeting, Jun 20, 2025. Reported Earnings • Sep 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €135.0m (up 3.7% from 2Q 2023). Net income: €10.8m (up 94% from 2Q 2023). Profit margin: 8.0% (up from 4.3% in 2Q 2023). Upcoming Dividend • Jun 19
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 03 July 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.5%). New Risk • Jun 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • May 01
Fourlis Holdings S.A. to Report Q1, 2024 Results on May 21, 2024 Fourlis Holdings S.A. announced that they will report Q1, 2024 results on May 21, 2024 Reported Earnings • Apr 10
Full year 2023 earnings released: EPS: €0.38 (vs €0.37 in FY 2022) Full year 2023 results: EPS: €0.38 (up from €0.37 in FY 2022). Revenue: €535.1m (up 6.7% from FY 2022). Net income: €19.2m (flat on FY 2022). Profit margin: 3.6% (down from 3.8% in FY 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Germany. Announcement • Mar 01
Fourlis Holdings S.A., Annual General Meeting, Mar 06, 2024 Fourlis Holdings S.A., Annual General Meeting, Mar 06, 2024, at 11:00 E. Europe Standard Time. Location: 18-20 Sorou Street, Marousi, Athens, Greece Athens Greece Reported Earnings • Nov 24
Third quarter 2023 earnings released Third quarter 2023 results: EPS: €0.078. Revenue: €142.9m (up 2.1% from 3Q 2022). Net income: €3.91m (down 42% from 3Q 2022). Profit margin: 2.7% (down from 4.8% in 3Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Announcement • Nov 01
Fourlis Holdings S.A. to Report Nine Months, 2023 Results on Nov 21, 2023 Fourlis Holdings S.A. announced that they will report nine months, 2023 results on Nov 21, 2023 Reported Earnings • Sep 06
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €130.1m (up 12% from 2Q 2022). Net income: €5.59m (down 32% from 2Q 2022). Profit margin: 4.3% (down from 7.1% in 2Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Nicolaos Lavidas was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Jun 17
Now 20% undervalued Over the last 90 days, the stock is up 33%. The fair value is estimated to be €5.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 76%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 21% in the next 2 years. Reported Earnings • May 17
First quarter 2023 earnings released First quarter 2023 results: €0.085 loss per share. Revenue: €116.6m (up 21% from 1Q 2022). Net loss: €4.30m (loss narrowed 25% from 1Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Germany. Announcement • Jan 27
Eren Perakende ve Tekstil Anonim Sirketi Group entered into an agreement to acquire Intersport Atletik Magazacilik Ve Dis Ticaret Anonim Sirketi from Fourlis Holdings S.A. (ATSE:FOYRK). Eren Perakende ve Tekstil Anonim Sirketi Group entered into an agreement to acquire Intersport Atletik Magazacilik Ve Dis Ticaret Anonim Sirketi from Fourlis Holdings S.A. (ATSE:FOYRK) for enterprise value of €3.0 million on January 26, 2023. Reported Earnings • Nov 24
Third quarter 2022 earnings released Third quarter 2022 results: EPS: €0.13. Revenue: €139.9m (up 7.0% from 3Q 2021). Net income: €6.70m (down 11% from 3Q 2021). Profit margin: 4.8% (down from 5.7% in 3Q 2021). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Germany. Reported Earnings • Sep 07
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €116.3m (up 5.7% from 2Q 2021). Net income: €8.21m (up 151% from 2Q 2021). Profit margin: 7.1% (up from 3.0% in 2Q 2021). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Specialty Retail industry in Germany. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 16% share price gain to €3.33, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €3.35 per share. Reported Earnings • May 19
First quarter 2022 earnings released First quarter 2022 results: €0.11 loss per share. Revenue: €96.3m (up 27% from 1Q 2021). Net loss: €5.70m (loss widened 111% from 1Q 2021). Over the next year, revenue is forecast to grow 4.7%, compared to a 9.6% growth forecast for the industry in Germany. Board Change • May 11
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Maria Georgalou was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
