Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Thursday, 20 April 2017

Manutan International : Semester 1 2016/2017 turnover

Manutan International    

Published: 18:00 CEST 20-04-2017 /GlobeNewswire /Source: Manutan International / : MAN /ISIN: FR0000032302


                                                                                                             Gonesse, 20 April 2017

 

 

MANUTAN GROUP

 

H1 2016/2017 turnover

 

(€ thousands)

Turnover at the end of March 2017

Turnover at the end of March 2016

 

Q2 2017

 

Q2 2016

 

Q1 2017

 

Q1 2016

Turnover like-for-like

339,759

325,143

165,259

152,584

174,501

172,559

Contribution of acquired companies*

1,919

0

967

0

952

0

Total turnover

341,678

325,143

166,226

152,584

175,453

172,559

*Acquisition of Essex Electrical Wholesalers finalised on 25 July 2016

 

During Q2 2016/2017, the Manutan Group's business increased by 8.9% (+11.2% at constant exchange rates) compared to the same quarter of the previous year. Turnover amounted to 166.2 million euros, compared with 152.6 million euros for the same period of the previous financial year. Not including the acquisition of Essex Electrical Wholesalers, the Group's performance is growing by 8.3% (+10.5% at constant exchange rates and on a like-for-like basis). The currency impact can mainly be attributed to changes in the pound sterling exchange rate.

 

During H1 2016/2017, the Manutan Group's business increased by 5.1% (7.8% at constant exchange rates) compared to the first half-year of the 2015/2016 financial year. Turnover amounted to €341.7 million at 31 March 2017, compared with €325.1 million at 31 March 2016. Not including the acquisition of Essex Electrical Wholesalers, the Group's performance remained positive with an increase of 4.5% (+7.1% at constant exchange rates and on a like-for-like basis).

In terms of its operational areas, the Group's situation is as follows:

 

 

€ thousands

H1 2017

H1 2016

Q2 2017

Q2 2016

Q1 2017

Q1 2016

North

21,140

20,615

10,815

10,170

10,324

10,445

Centre

60,039

56,193

31,498

29,015

28,541

27,178

East

10,617

9,301

5,148

4,383

5,470

4,918

South

198,376

186,344

91,726

83,011

106,650

103,333

West

51,507

52,690

27,039

26,005

24,468

26,685

TOTAL

341,678

325,143

166,226

152,584

175,453

172,559

 

 

 

(local currencies)

1st quarter

2nd quarter

3rd quarter

4th quarter

Financial year

North

+0.8%

+6.6%

 

 

+3.7%

Centre

+5.0%

+8.5%

 

 

+6.8%

East

+11.5%

+17.2%

 

 

+14.2%

South

+3.2%

+10.5%

 

 

+6.5%

West

+11.4%

+17.1%

 

 

+14.2%1

Total Group

+1.7%

+8.9%

 

 

+5.1%

 

  •      Business in the North area increased in the second quarter (+6.6%), mainly due to an improvement in the macro-economic situation, especially in Norway.
  • The Centre area recorded a rise of 8.5%, thanks in large part to brisk business in Belgium and the Netherlands, where sales revenue continued to grow during the second quarter.
  • Business in the East area has been very robust, with double-digit growth since the start of the year.
  • Turnover in the South area is increasing by 10.5% on the second quarter, the main contributors being Manutan France, Italy and Portugal. The Local Authorities business is also up year-on-year, in line with the expectations.
  • The West area is showing growth of 17.1%, buoyed by all of its markets, despite the unfavourable context of Brexit.

With a financial position that remains very sound, and with the goal of sustaining its profitable growth, the Group will continue to implement its development strategy while maintaining its medium-term investment plan.

 

About the Manutan Group

The Manutan Group is a European leader in multi-channel equipment distribution for businesses and local authorities. Established in 17 countries through 25 operating subsidiaries, the Group is a leading player in Europe.

Manutan International is listed on Euronext Paris - Compartiment B - ISIN: FR0000032302-MAN.

www.manutan.com

Next publication: Q3 2016/2017 results -

18 July 2017 (after market closure)

____________________________

[1] The growth figure for the West area is influenced by the recent acquisition of Essex Electrical Wholesalers, which has had a positive effect of +4.3%. At constant exchange rates and on a like-for-like basis, growth would amount to 10.0%.



Manutan International : H1 2016/2017 turnover



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Manutan International, ZAC du Parc des Tulipes Avenue du 21ème siècle, Gonesse 95500, France
If you would like to unsubscribe and stop receiving these e-mails click here.