(CercleFinance.com) – The Fnac-Darty group publishes a turnover of 1,793 ME for the 1st quarter, an increase of +0.7% in published data compared to the 1st quarter of 2023 in published data (-0. 8% on a comparable basis).
The Group’s gross margin rate increased by 10 basis points compared to the 1st quarter of 2023. Restated for the dilutive impact of the franchise, it increased by 30 basis points.
‘In a market which presents contrasting performances, the Group once again demonstrates the relevance of its sustainable, omnichannel and service-oriented strategy,’ says Enrique Martinez, Managing Director of Fnac Darty.
Fnac Darty confirms that growth should resume in 2024 supported by the decline in inflation and the fall in the savings rate. The group confirms its objective of achieving a Current Operating Profit (ROC) for 2024 at least equal to that of 2023 and a cumulative free operating cash flow of around 500ME over the period 2021-2024, i.e. a level of 180ME in 2024 .
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