MANUTAN INTERNATIONAL Gonesse, 16 January 2017
MANUTAN GROUP
2016/2017 Q1 turnover
| (€ thousands) | 31 December 2016 | 31 December 2015 |
| Turnover like-for-like | 174,501 | 172,559 |
| Contribution of acquired companies* | 952 | 0 |
| Total turnover | 175,453 | 172,559 |
*Acquisition of Essex Electrical Wholesalers finalised on 25 July 2016
During Q1 2016/2017, the Manutan Group's business underwent growth of 1.7% (+4.8% at constant exchange rates) compared to the same quarter of the previous year. Turnover amounted to 175.5 million euros, compared with 172.6 million euros for the previous financial year.
Not including the acquisition of Essex Electrical Wholesalers, the Group's performance was up by 1.1% (+4.2% at constant exchange rates). The currency impact can mainly be attributed to changes in the pound sterling exchange rate.
In terms of its operational areas, the Group's situation is as follows:
| € thousands | Turnover at the end of December 2016 | Turnover at the end of December 2015 |
| North | 10,324 | 10,445 |
| Centre | 28,541 | 27,178 |
| East | 5,470 | 4,918 |
| South | 106,650 | 103,333 |
| West | 24,468 | 26,685 |
| TOTAL | 175,453 | 172,559 |
| (local currencies) | 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Financial year |
| North | +0.8% | +0.8% | |||
| Centre | +5.0% | +5.0% | |||
| East | +11.5% | +11.5% | |||
| South | +3.2% | +3.2% | |||
| West | +11.4% | +11.4%[1] | |||
| Total Group | +1.7% | +1.7% |
All the Group's operational areas experienced growth in turnover. Note that the Group's performance was mainly driven by the South and Centre areas, whose turnover was up by 3.2% and 5.0% respectively compared to the first quarter of the previous financial year.
Despite the macro-economic situation, the West area registered an 11.4% increase (not including the exchange rate effect). The currency effect on the period is -19.7%, i.e. negative growth of 8.3% in euros over the period.
For the remainder of the financial year, the Group will continue implementing its development strategy while maintaining its medium-term investment plan. The Group will continue to actively search for external growth targets.
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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.
www.manutan.com
Next publication: Q2 2016/2017 results -
20 April 2017 (after market closure)
[1] The growth figure for the West area is influenced by the recent acquisition of Essex Electrical Wholesalers, which has had a positive effect of +4.3%. At constant exchange rates and on a like-for-like basis, growth would amount to 7.0%.
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
