Gonesse, 16 July 2014
MANUTAN GROUP
2013/2014 Q3 turnover
| (€ thousands) | Turnover at the end of June 2014 | Turnover at the end of June 2013 | Q3 2014 | Q3 2013 | Q2 2014 | Q2 2013 | Q1 2014 | Q1 2013 | |
| Turnover excluding contribution of acquired/sold companies | 407,453 | 433,580 | 124,837 | 135,522 | 133,448 | 139,333 | 149,168 | 158,725 | |
| Contribution of companies acquired during 2012/2013 | 22,519 | 7,751 | 7,719 | 7,049 | |||||
| Contribution of companies acquired during 2013/2014 | 11,951 | 3,812 | 4,002 | 4,137 | |||||
| Total turnover | 441,923 | 433,580 | 136,400 | 135,522 | 145,169 | 139,333 | 160,354 | 158,725 |
For the first nine months of the 2013/2014 financial year, the Manutan Group's business underwent growth of 1.9% (up 2.4% at constant exchange rates) compared to the first nine months of the previous financial year. Turnover amounted to €441.9 million, compared with €433.6 million for the first nine months of the previous financial year.
Excluding the acquisition of Ikaros in October 2013, the Group's performance showed a slight decrease of 0.8% (-0.5% at constant exchange rates) in its historic scope of consolidation. It is worth noting that without the acquisition of Ironmongery Direct in July 2013, the Group's negative growth would be -6% (-5.7% at constant exchange rates).
Turnover in the third quarter amounted to €136.4 million, a slight increase of 0.7% (0.8% at constant exchange rates) compared with the third quarter of the previous financial year. On a like-for-like basis (excluding Ikaros and IronmongeryDirect), business volumes recorded a fall of 7.9% (-7.7% at constant exchange rates).
In terms of its operational areas, the Group's situation shows a diverse situation:
| (€ thousands) | At the end of June 2014 | At the end of June 2013 | Q3 2014 | Q3 2013 | Q2 2014 | Q2 2013 | Q1 2014 | Q1 2013 |
| North | 31,635 | 23,041 | 10,231 | 7,476 | 10,379 | 7,528 | 11,025 | 8,037 |
| Centre | 81,313 | 83,002 | 25,213 | 25,480 | 27,126 | 28,671 | 28,973 | 28,851 |
| East | 13,423 | 13,449 | 4,375 | 3,969 | 4,238 | 4,222 | 4 810 | 5,258 |
| South | 254,827 | 278,237 | 75,942 | 86,890 | 82,671 | 86,833 | 96,214 | 104,514 |
| West | 60,725 | 35,851 | 20,638 | 11,708 | 20,753 | 12,078 | 19,334 | 12,065 |
| TOTAL | 441,923 | 433,580 | 136,400 | 135,522 | 145,169 | 139,333 | 160,354 | 158,725 |
| (local currencies) | 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | At the end of June 2014[1] |
| North | +40.2% | +43.6% | +45.6% | +43.0% | |
| Centre | +0.4% | -5.4% | -1.0% | -2.0% | |
| East | -4.5% | +8.2% | +17.3% | +6.0% | |
| South | -7.9% | -4.8% | -12.6% | -8.4% | |
| West | +66.4% | +67.6% | +70.6% | +68.2% | |
| Total Group | 1.0% | 4.2% | 0.7% | 1.9% |
- The Centre and South areas recorded a fall in business of 1.0% and 12.6% respectively compared to the third quarter of the previous financial year, following a downturn in these markets.
By reprocessing the South area with Manutan NV's business (Overtoom International Belgium (Centre area) absorbed Manutan NV (South area) on 1 October 2013) in 2012/2013, negative growth over 2013/2014 would be 5.9%.
- The West area registered an increase in business of 70.6% compared to the same quarter of the previous financial year. Growth remains positive (+6.5%), even by reprocessing the acquisition impact of IronmongeryDirect of +64.1%.
- Business in the East area again increased over the third quarter and posted accelerated growth of 17.3%.
- Leveraging a favourable scope effect (+54.3%), the North area registered an increase in business of 45.6% compared to the same quarter of the previous financial year.
The Group does not expect any significant change in the trend towards the end of the year, as business continues to be boosted mainly by external growth.
Thanks to its financial position still very sound and while keeping a close eye on where the business is heading, the Group will continue its efforts to support its short and medium-term turnover, while maintaining all its planned investments.
The Group will also keep an eye open for any external growth prospects that could arise.
About the Manutan Group
The Manutan Group is a leading player in the European multi-channel distribution market for businesses and local authorities. The group operates in 19 European countries through 25 subsidiaries. In 2012/2013, the Manutan Group generated revenue of 586 million euros, almost 40% of which outside France.
Manutan International is listed on Euronext Paris - ISIN: FR0000032302-MAN.
www.manutan.com
Next publication: Q4 2013/2014 turnover -
15 october 2014 (after market closure)
[1] In the North area's case, these growth rates reflected a favourable scope effect of 54% associated with Ikaros' contribution (-11% on a like-for-like basis), and +62.4% for the West area (+5.8% on a like-for-like basis) associated with the acquisition of IronmongeryDirect.
