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MANUTAN GROUP : 2019/2020 Q4 : Turnover Return to growth in Q4

Manutan International
·5-min read


Gonesse, October 15th 2020

MANUTAN GROUP
2019/2020 Q4 Turnover

Return to growth in Q4
Over the 2019/2020 fiscal year, the Group's turnover recorded slight growth compared to the previous year, in the very turbulent economic context due to the health crisis.

€ thousands

Turnover at the end of September 2020

Turnover at the end of September 2019

Q4 2020

Q4 2019

Q3 2020

Q3 2019

Q2 2020

Q2 2019

Q1 2020

Q1 2019

Turnover
like-for-like

755 454

768 242

213 049

205 399

178 598

190 484

172 522

179 748

191 286

192 612

Contribution of acquired companies*

24 251

5 643

5 958

5 643

5 860

0

6 696

0

5 737

0

Total turnover

779 705

773 885

219 007

211 042

184 458

190 484

179 218

179 748

197 023

192 612

*Acquisition of Kruizinga on June 14th 2019

Over the 2019/2020 fiscal year, the Manutan Group’s Turnover amounted to € 779.7 million compared to € 773.9 million previous fiscal year, an increase of +0.8% ( -1.6% at like-for-like scope, constant exchange rates and number of working days, with a scope effect of +2.4%, a currency effect of -0.04% and a day effect of +0.05%).

During Q4 2019/2020 fiscal year, the Manutan Group’s business has grown by +3.8% compared to the same quarter of fiscal year 2018/2019. This increase amounted to +3.6% at constant exchange rates and number of working days (with a currency effect of +0.03% and a day effect of +0.1%). Turnover therefore stood at € 219.0 million compared to € 211.0 million for the fourth quarter of the previous year.

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

€ thousands

Turnover at the end of September 2020

Turnover at the end of September 2019

Q4 2020

Q4 2019

Q3 2020

Q3 2019

Q2 2020

Q2 2019

Q1 2020

Q1 2019

Enterprises

593 705

573 296

145 202

139 363

147 466

139 039

152 078

150 229

148 959

144 665

South

284 905

269 953

68 427

62 544

75 285

65 805

69 506

71 546

71 687

70 059

Centre

143 552

126 482

35 799

33 880

33 448

29 012

38 693

32 713

35 613

30 877

West

106 454

114 577

27 954

29 544

24 583

28 713

27 065

29 611

26 852

26 709

North

35 160

38 892

8 165

7 874

8 897

9 664

9 104

10 488

8 995

10 867

Est

23 634

23 392

4 858

5 522

5 253

5 846

7 710

5 871

5 812

6 153

Local Authorities

186 000

200 589

73 805

71 679

36 992

51 445

27 140

29 519

48 064

47 947

South

186 000

200 589

73 805

71 679

36 992

51 445

27 140

29 519

48 064

47 947

TOTAL

779 705

773 885

219 007

211 042

184 458

190 484

179 218

179 748

197 023

192 612

At constant exchange rates and on a like-for like basis

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Financial Year

Enterprises

-0.6%

-5.0%

+2.8%

+4.0%

+0.2%

South

+3.6%

-4.1%

+13.8%

+9.3%

+5.4%

Centre

-2.7%

-3.7%

-3.2%

+5.3%

-0.8%

West

-3.7%

-12.9%

-12.2%

-6.2%

-8.8%

North

-14.3%

-11.8%

-5.0%

+2.6%

-7.9%

Est

-1.1%

+30.0%

-4.5%

-8.6%

+4.0%

Local Authorities

+2.8%

-9.5%

-27.4%

+3.0%

-6.8%

South

+2.8%

-9.5%

-27.4%

+3.0%

-6.8%

TOTAL

+0.2%

-5.7%

-5.4%

+3.6%

-1.6%

  • The Enterprises division growth in the fourth quarter (+4.0%) was mainly driven up by the South area and Centre areas. The North area got back on the path to growth after three quarters declined. The East area was impacted by a sharp decline in Poland, which nevertheless remained in strong growth throughout the year. The West area continued to be impacted by the slowdown in business due to the pandemic.

  • The activity of the Local Authorities division returned to growth in the fourth quarter (+3.0%), after the decline in the two previous quarters, linked to schools’ closure policy during the lockdown period in France.

The Group's priorities remain focused on adjusting and developing its product and service offering to best meet the changing needs of its customers, while ensuring the safety of its partners and employees. The health crisis enabled the Group to step up its investments in Digital, which fully contributed to growth over the year. All the warehouses have remained and remain operational and keep also applying all the instructions and protective measures recommended by the health authorities in each country where the Group operates.

Due to the uncertainties surrounding the current global crisis, it is hard to estimate how the Group's results for the coming months will be affected, but Manutan is going the extra mile to minimise the repercussions while continuing to prepare for the future and draw strength from its ever solid key attributes.

*********************
About the Manutan Group

Manutan, a family-run group founded in 1966, is a European leader in BtoB e-commerce, specializing in the distribution of equipment for businesses and local authorities.

Offering one of the most extensive range of high-quality products and services in Europe, the Group satisfies all its customers' needs and delivers support and guidance in streamlining their indirect purchases.

With 26 subsidiaries across 17 European countries, the Group employs over 2,200 people and generated revenue of €774 million in 2018/19. Manutan France received the Best Workplaces distinction in 2020.

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

www.manutan.com

Next publication : Annual results 2019/2020
December 2nd 2020 (after market closure)


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