Gonesse, 16 January 2014
MANUTAN GROUP
2013/2014 Q1 turnover
| (€ thousands) | 31 December 2013 | 31 December 2012 |
| Turnover like-for-like | 149,168 | 158,725 |
| Contribution of companies acquired during 2012/2013 | 7,049 | |
| Contribution of companies acquired during 2013/2014 | 4,137 | |
| Total turnover | 160,354 | 158,725 |
During Q1 2013/2014, the Manutan Group's business underwent growth of 1% (up +2% at constant exchange rates) compared to the same quarter of the previous year. Turnover amounted to 160.3 million euros, compared with 158.7 million euros for the previous financial year.
The acquisitions undertaken (IronmongeryDirect in July 2013 and Ikaros in October 2013) enabled the Group to offset the fall of 6% (down 5.3% at constant exchange rates) in its historic scope of consolidation.
In terms of its operational areas, the Group's situation shows a diverse situation:
| (€ thousands) | Turnover at the end of December 2013 | Turnover at the end of December 2012 |
| North | 11,025 | 8,037 |
| Centre | 28,973 | 28,851 |
| East | 4,810 | 5,258 |
| South | 96,214 | 104,514 |
| West | 19,334 | 12,065 |
| TOTAL | 160,354 | 158,725 |
| (local currencies) | 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Financial year[1] |
| North | +40.2% | +40.2% | |||
| Centre | +0.4% | +0.4% | |||
| East | -4.5% | -4.5% | |||
| South | -7.9% | -7.9% | |||
| West | +66.4% | +66.4% | |||
| Total Group | +1.0% | +1.0% |
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On a like-for-like basis, all the Group's operational areas continued to stall in terms of their historic scope of consolidation, except for the West area which confirmed its return to positive growth with an increase of 5.8% (positive scope effect of 60.7%) not including the acquisition of Ironmongery Direct.
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Finally, it is worth noting that Overtoom International Belgium (Centre area) absorbed Manutan NV (South area) on 1 October 2013. By reprocessing the South area with Manutan NV's activities in 2012/2013, negative growth over 2013/2014 would be 5.6%.
Following the first quarter of the 2013/2014 financial year, the Manutan Group's business was boosted by the acquisitions, thereby enabling the Group to maintain turnover growth.
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.
[1] In the North area's case, these growth rates reflect a favourable scope effect of 52.6%, associated with Ikaros' contribution, i.e. -12.4% on a like-for-like basis, and +60.7% for the West area (+5.8% on a like-for-like basis) associated with the acquisition of IronmongeryDirect.
