Manutan International : TO Q4 2016/2017 G
Post# of 301275
Gonesse, 18 October 2017
MANUTAN GROUP
2016/2017 Q4 turnover
| (€ thousands) | Turnover at the end of September 2017 | Turnover at the end of September 2016 | Q4 2017 | Q4 2016 | Q3 2017 | Q3 2016 | Q2 2017 | Q2 2016 | Q1 2017 | Q1 2016 |
| Turnover like-for-like | 704,605 | 681,655 | 196,136 | 186,289 | 168,709 | 170,223 | 165,259 | 152,584 | 174,501 | 172,559 |
| Contribution of acquired companies* | 4,196 | 923,000 | 1,268 | 923,000 | 1,009 | 0,000 | 967,000 | 0,000 | 952,000 | 0,000 |
| Total turnover | 708,801 | 682,578 | 197,404 | 187,212 | 169,718 | 170,223 | 166,226 | 152,584 | 175,453 | 172,559 |
| * Acquisition of Essex Electrical Wholesalers on 25 July 2016 | ||||||||||
Over the 2016/2017 financial year, the Group's turnover amounted to €708.8 million, registering growth of 3.8% compared to the previous financial year (+5.7% at constant exchange rates). Not including the acquisition of Essex Electrical Wholesalers, the Group's performance was up by +3.4% (+5.2% at constant exchange rates and on a like-for-like basis).
During the fourth quarter, the turnover has grown by 5.4% (+6.3% at constant exchange rates). Not including the scope effect and at constant exchange rates, business is up 6.1%.
The Group presents a consistent outlook for its operational areas, with the exception of the West area, which has been adversely affected by the exchange rate for the pound sterling:
| € thousands | Turnover at the end of September 2017 | Turnover at the end of September 2016 | Q4 2017 | Q4 2016 | Q3 2017 | Q3 2016 | Q2 2017 | Q2 2016 | Q1 2017 | Q1 2016 |
| North | 40,613 | 39,676 | 9,457 | 8,548 | 10,017 | 10,513 | 10,815 | 10,170 | 10,324 | 10,445 |
| Centre | 114,545 | 108,804 | 27,817 | 25,916 | 26,689 | 26,695 | 31,498 | 29,015 | 28,541 | 27,178 |
| East | 21,038 | 18,503 | 5,289 | 4,461 | 5,131 | 4,741 | 5,148 | 4,383 | 5,470 | 4,918 |
| South | 428,823 | 410,742 | 127,998 | 121,686 | 102,450 | 102,712 | 91,726 | 83,011 | 106,650 | 103,333 |
| West | 103,781 | 104,853 | 26,843 | 26,601 | 25,431 | 25,562 | 27,039 | 26,005 | 24,468 | 26,685 |
| TOTAL | 708,801 | 682,578 | 197,404 | 187,212 | 169,718 | 170,223 | 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% | -2.1% | +10.7% | +3.7% |
| Centre | +5.0% | +8.5% | -0.1% | +7.4% | +5.3% |
| East | +11.5% | +17.2% | +6.8% | +15.3% | +12.6% |
| South | +3.2% | +10.5% | -0.3% | +5.2% | +4.4% |
| West | +11.4% | +17.1% | +8.0% | +7.3% | +10.6% [1] |
| Total Group | +1.7% | +8.9% | -0.3% | +5.4% | +3.8% |
Over the fourth quarter, all the Group's operational areas experienced growth in turnover.
Such performance was also achieved throughout the year.
Consequently, this growth has kept the Group on a sound financial footing. In this context, the Group will continue implementing 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.
Next publication: Q1 2017/2018 results -
12 January 2018 (after market closure)
[1] 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 3.2%. Like-for-like, the area would have grown by 7.5%.
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