The Fourlis Group Aiming High for 2025-2027
The management team of the publicly listed company is committed to effectively implementing its strategy and achieving growth across all sectors. The new CEO, Yannis Vasilakos, will take over leadership on July 1, 2025.
Financial Projections
During a recent shareholder meeting, Fourlis management announced an ambitious target: the company’s turnover is expected to rise to 600 million euros in 2025, up from 530 million euros in 2024—an impressive increase of 13.3% compared to the previous year (2024-2023). Adjusted EBITDA is projected to grow to 38 million euros in 2025, up from 31.7 million euros, marking a 20% increase from 2024. Looking ahead to 2027, the outlook is even brighter, with expected turnover of 750 million euros and adjusted EBITDA of 60 million euros, reflecting an 8% profit margin. Notably, the 2027 goals remain unchanged despite the postponement of the new IKEA location in Ellinikon to 2028, while a modest increase in both turnover and profits is anticipated for 2026.
IKEA Developments
The company announced that the IKEA chain, after opening two new locations in Patras and Heraklion, Crete, plans to establish an additional site in Ellinikon in 2028, as per the current strategy. The urban IKEA model is evolving, alongside enhancements in omnichannel capabilities. In 2024, IKEA’s operations recorded a 3% growth rate.
FootLocker Expansion
In the sportswear sector, FootLocker is expanding with three new stores in Bulgaria, three in Greece, and an online store, alongside three stores in Romania. Intersport plans to launch five new stores in 2025—three in Greece and two in Romania—with the first Intersport Football Store already open in Athens. The sports segment saw a growth rate of 4% in 2024. In the health and wellness arena, the Holland and Barrett chain is set to open another location in Thessaloniki by May 2025. Additionally, the Storage Center in Aspropyrgos is expected to be completed by the end of 2025, in partnership with Interikea.
