Manutan International : Turnover Q3 2016

                                                                                                             Gonesse, 19 July 2016




2015/2016 Q3 turnover

(€ thousands) Turnover at the end of June 2016 Turnover at the end of June 2015 Q3 2016 Q3 2015 Q2 2016 Q2 2015 Q1 2016 Q1 2015
Turnover like-for-like458,372439,215151,148136,012148,448147,778158,776155,425
Contribution of acquired companies*36,994019,07504,136013,7830
Total turnover 495,366439,215170,223136,012152,584147,778172,559155,425

* Acquisition of Papeteries Pichon finalised on 30 June 2015

Turnover in the third quarter amounted to €170.2 million, an increase of 25.2% (26.7% at constant exchange rates) compared with the same quarter of the 2014/2015 financial year. On a like-for-like basis (excluding Papeteries Pichon) and at constant exchange rates, the Group's turnover was up by 12.7%.

At the end of the third quarter of 2015/2016, the Manutan Group's business is up 12.8% year-on-year. Turnover amounted to €495.4 million, compared with €439.2 million in 2015. Not including the acquisition of Papeteries Pichon and at constant exchange rates, the Group's performance posted a 4.5% increase.

In terms of its operational areas, the Group's situation shows a diverse situation:

(€ thousands) At the end of June 2016 At the end of June 2015 Q3 2016 Q3 2015 Q2 2016 Q2 2015 Q1 2016 Q1 2015
TOTAL 495,366 439,215 170,223 136,012 152,584 147,778 172,559 155,425

(local currencies)1st quarter2nd quarter3rd quarter4th quarter Financial year
North+2.2%-5.4%-1.4%  -1.6%
Centre+1.7%+4.0%+10.9%  +5.3%
East+1.4%+4.1%+6.8%  +4.0%
South+13.7%+3.9%+42.9%  +19.1% [1]
West+7.6%+3.6%+9.5%  +6.9%
Total Group +11.0% +3.3% +25.2%   +12.8%


  • The Centre area recorded a rise of 10.9%, thanks in large part to brisk business in Benelux, where sales revenue continued to grow during the third quarter.
  • Turnover growth of the South area has grown by 42.9% in the third quarter driven by all entities. Excluding the acquisition of Papeteries Pichon, growth would amount to 16.4%.
  • Business in the North area is down in the third quarter (-1.4%), mainly due to exchange rate variation within the area. Readjusted for that variation, the North would be up 0.6%.
  • Despite its macroeconomic situation and variation in the exchange rate, the West area continues to grow, thanks notably to strong performance in the building hardware markets.
  • The East area grew by 6.8% during the third quarter and has continued its dynamic growth.


Despite being on a sound financial footing, the Group remains confident of its ability to activate its levers of growth and profitability. The Group will continue focusing its efforts on developing its short and medium-term revenues and its investments in information systems.

About the Manutan Group

The Manutan Group is a European leader in multi-channel equipment distribution for businesses and local authorities. Established in 18 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.

Next publication: H2 2015/2016 results -
19 October 2016 (after market closure)

[1] The growth figure for the South area is heavily influenced by the recent acquisition of Papeteries Pichon, which has had a positive effect of 15.2%. Like-for-like, the area would have grown by 3.9%.

Manutan International : Turnover Q3 2016

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Source: Manutan International via GlobeNewswire