(AOF) – For its 2023 results, Fnac Darty generated current operating income of 171 million euros, down 60 million euros over one year but in line with the expectations of the distribution group. Turnover is also down over the period, going from 7.95 billion euros a year ago to 7.88 billion euros in 2023. “This change comes half from the drop in activity particularly strong in Spain and at Nature & Découvertes in the fourth quarter,” the group said in a press release.
Group share of net income from continuing operations – adjusted amounts to 31 million euros in 2023 compared to 104 million euros a year earlier.
The group, which is waiting to recover the 40 million euros linked to the closure – in its favor – of the litigation in the United Kingdom over the sale of Comet Group, ended the year with cash flows of 180 million euros, while they were negative by 30 million in 2022.
Fnac Darty also announced that it would propose a dividend of 0.45 euros per share at its next general meeting of shareholders in May.
In terms of prospects, the group confirmed that it is targeting a cumulative free operating cash flow of around 500 million euros over 2021-2024, as well as a current operating profit at least equal to that of 2023.
© 2024 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
