Manutan International : Turnover Q4 2015/2016
Gonesse, 19 October 2016
MANUTAN GROUP
2015/2016 Q4 turnover
| (€ thousands) | Turnover at the end of September 2016 | Turnover at the end of September 2015 | Q4 2016 | Q4 2015 | Q3 2016 | Q3 2015 | Q2 2016 | Q2 2015 | Q1 2016 | Q1 2015 |
| Turnover like-for-like | 613,830 | 595,478 | 155,458 | 156,263 | 151,148 | 136,012 | 148,448 | 147,778 | 158,776 | 155,425 |
| Contribution of acquired companies* | 68,748 | 28,061 | 31,754 | 28,061 | 19,075 | 0 | 4,136 | 0 | 13,783 | 0 |
| Total turnover | 682,578 | 623,540 | 187,212 | 184,324 | 170,223 | 136,012 | 152,584 | 147,778 | 172,559 | 155,425 |
| * Acquisition of Papeteries Pichon finalised on 30 June 2015 and of Essex Electrical Wholesalers on 25 July 2016 | ||||||||||
Over the 2015/2016 financial year, the Group's turnover amounted to €682.6 million, registering growth of 9.5% compared to the previous financial year (+10.2% at constant exchange rates). Not including the acquisition of Papeteries Pichon and Essex Electrical Wholesalers, the Group's performance was +3.2% (+4.0% at constant exchange rates and on a like-for-like basis).
During the fourth quarter, the turnover has grown by 1.6% (+4.1% at constant exchange rates). Not including the scope effect and at constant exchange rates, business is up 3.5%.
In terms of its operational areas, the Group shows a similar situation:
| (€ thousands) | Turnover at the end of September 2016 | Turnover at the end of September 2015 | Q4 2016 | Q4 2015 | Q3 2016 | Q3 2015 | Q2 2016 | Q2 2015 | Q1 2016 | Q1 2015 |
| North | 39,676 | 40,015 | 8,548 | 8,479 | 10,513 | 10,564 | 10,170 | 10,612 | 10,445 | 10,361 |
| Centre | 108,804 | 103,753 | 25,916 | 25,056 | 26,695 | 24,100 | 29,015 | 27,903 | 27,178 | 26,694 |
| East | 18,503 | 17,379 | 4,461 | 4,132 | 4,741 | 4,373 | 4,383 | 4,118 | 4,918 | 4,756 |
| South | 410,742 | 362,491 | 121,686 | 119,825 | 102,712 | 71,864 | 83,011 | 79,895 | 103,333 | 90,907 |
| West | 104,853 | 99,901 | 26,601 | 26,832 | 25,562 | 25,111 | 26,005 | 25,250 | 26,685 | 22,709 |
| TOTAL | 682,578 | 623,540 | 187,212 | 184,324 | 170,223 | 136,012 | 152,584 | 147,778 | 172,559 | 155,425 |
| (local currencies) | 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Financial year |
| North | +2.2% | -5.4% | -1.4% | +2.1% | -0.8% |
| Centre | +1.7% | +4.0% | +10.9% | +3.5% | +4.9% |
| East | +1.4% | +4.1% | +6.8% | +8.6% | +6.3% |
| South | +13.7% | +3.9% | +42.9% | +1.6% | +13.3% [1] |
| West | +7.6% | +3.6% | +9.5% | +15.7% | +9.2% [2] |
| Total Group | +11.0% | +3.3% | +25.2% | +1.6% | +9.5% |
All the Group's operational areas experienced growth in turnover during Q4 2015/2016.
The Group's areas achieved growth throughout the year, except for the North Area due to exchange rate changes within the area.
The recent acquisition of Essex Electrical Wholesalers enabled the Group to strengthen its footprint in the United Kingdom, a market in which Manutan is already present with three brands: Key, its historic subsidiary, Rapid Racking acquired in 2008, and Ironmongery Direct Limited acquired in 2013.
Consequently, this new acquisition has kept the Group on a sound financial footing. In this context, the Group will continue seizing development and profitability opportunities while maintaining its investments in information systems.
The Group will continue to actively search for external growth targets.
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: Q1 2016/2017 results -
19 January 2017 (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 10.8%. Like-for-like, growth would amount to 2.5%.
[2] The growth figure for the West area is partially influenced by the recent acquisition of Essex Electrical Wholesalers, which has had a positive effect of 5.2%. Like-for-like, the area would have grown by 4.0%.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Manutan International via GlobeNewswire
