(AOF) – Manutan, the distributor of office supplies, has unveiled its turnover for the fourth quarter, which is up 10.6%, at 906.5 million euros against 819.9 million euros l ‘Previous exercice. All areas of the Business division grew in the fourth quarter. This growth was driven in particular by the strong momentum of promotion and extension of all product ranges.
The activity of the Local Authorities division in the fourth quarter was down compared to the 2020/2021 financial year, mainly due to anticipated deliveries during the third quarter.
“Faced with the current inflationary and uncertain context, the group will make its best efforts to limit its impact, while continuing to implement its development strategy. This strategy will notably involve extending the range of products and services managers, storage capacities, as well as by strengthening the hybrid economic model combining digital, the personalized omnichannel customer approach and the operational agility necessary in the current context”, specifies Manutan in a press release.
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big concerns
According to the Federation of specialized trade, Procos, activity from January to May is very significantly down compared to the same period in 2019, at – 8.8%. Store traffic in May 2022 remained lower than in May 2019, but the decline was limited to 6.5%, much better than in April (-19.6% compared to April 2019). In a very uncertain context, several elements weigh on the profitability of companies, in particular the increase in the cost of electricity and the indexation of rents, even if the composition of the ILC (commercial rent index) has been modified. Previously it was composed of 50% inflation, 25% construction cost index and 25% change in retail turnover. From now on, it will only take into account inflation and the cost of construction because the previous formula included sales made by the ‘pure players’ of the Net, which increased the rents of physical stores.