(BFM Bourse) – The French specialist in distance selling of office equipment and industrial equipment reported a solid first half (from October to March). As usual, Manutan does not deliver any quantified outlook, but claims to remain active in the search for external growth opportunities.
Manutan is part of our daily lives – without us generally knowing it. Founded in 1966, the Val-d’Oisian company is dedicated to the distance selling of office equipment and industrial equipment. The group notably offers handling, lifting and storage equipment. But also furniture, packaging solutions, office and workshop supplies. Its range also includes production, maintenance, safety, quality control and shipping tools… More than 700,000 product references in total!
And more than 55 years after its creation, the firm displays unfailing dynamism. The group reported a “record” level of activity over the first six months of its 2021-2022 financial year. During the period (October to March), revenue amounted to €439 million, up 11.8% compared to the end of March 2021. The business division drove growth of Manutan over the semester.
The current operating margin rose by 1.1 points to stand at 8.1%, while net profit increased by 34% to 26.7 million euros. The market appreciates the strength of business, the title rose 3.06% to 74.06 euros Wednesday around 4:30 p.m., not far from its annual highs of 79 euros.
The circular economy in support
Regarding its outlook, Manutan gives no figures for the rest of its current financial year, as usual. The company is content to indicate that its priorities will remain centered on “supporting activity” in a particularly uncertain global economic context. In addition, Manutan puts issues related to sustainable development at the heart of its business. The group currently references 27,500 eco-responsible products. Like many, the group has identified the circular economy as a source of growth and as such offers its customers “responsible” products and services. The group points out that this is already a strong trend in the private sector, and an obligation in the public sector (AGEC law). During the half-year, Manutan also acquired last February Zack, a young company specializing in the recovery and upgrading of company IT equipment.
This external growth policy is in addition to the continuous adaptation of its offer to SMEs and very small businesses. This agility enabled the group, which celebrated its 55th anniversary last year, to withstand an adverse economic environment. The acquisitions of Camif Collectivités in 2009 and Casal Sport in 2012 have made the Gonesse-based group one of the main players in the local authority sector in France.
Sabrina Sadgui
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