Paris, 16 October 2013
MANUTAN GROUP
2012/2013 Q4 turnover
| (€ thousands) | Turnover at the end of September 2013 | Turnover at the end of September 2012 | Q4 2013 | Q4 2012 | Q3 2013 | Q3 2012 | Q2 2013 | Q2 2012 | Q1 2013 | Q1 2012 |
| Turnover excluding contribution of acquired/sold companies | 532,855 | 570,751 | 131,485 | 140,913 | 126,145 | 133,247 | 130,760 | 144,565 | 144,464 | 152,026 |
| Contribution of acquired companies | 52,791 | 0 | 20,580 | 0 | 9,377 | 0 | 7,706 | 0 | 15,128 | 0 |
| Total turnover | 585,646 | 570,751 | 152,065 | 140,913 | 135,522 | 133,247 | 138,466 | 144,565 | 159,592 | 152,026 |
At the end of the 2012/2013 financial year, the Manutan Group's turnover amounted to €585.6 million, compared with €570.7 million for the previous financial year. The Manutan Group registered an increase in business of 2.6% (+2.7% at constant exchange rates). On a like-for-like basis, the Group recorded a fall of 6.6% (-6.5% at constant exchange rates).
Turnover for the fourth quarter of 2012/2013 was up by 7.9% (+9% at constant exchange rates) year-on-year at 152.1 million euros. On a like-for-like basis, the turnover was down by 6.7% (-5.6% at constant exchange rates).
All of the Group's markets registered negative growth, except for the South and West areas which leveraged a positive scope effect of 12.8% and 17.4% respectively, following the acquisition of Casal for the South area and IronMongery Direct for the West area:
| (Changes in local currencies) | 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Financial year[1] |
| North | -10.0% | -12.7% | -7.6% | -10.5% | -10.2% |
| Centre | -1.0% | -7.6% | -8.1% | -7.1% | -6.0% |
| East | -2.8% | -16.7% | -17.5% | -7.7% | -11.1% |
| South | +7.9% | -1.6% | +7.5% | +8.2% | +5.6% |
| West | -0.5% | -3.6% | +0.9% | +66.2% | +15.5% |
| Total Group (in €) | +5.0% | -4.2% | +1.7% | +7.9% | +2.6% |
| (€ thousands) | Turnover at the end of September 2013 | Turnover at the end of September 2012 | Q4 2013 | Q4 2012 | Q3 2013 | Q3 2012 | Q2 2013 | Q2 2012 | Q1 2013 | Q1 2012 |
| North | 28,714 | 30,992 | 5,674 | 6,596 | 7,476 | 7,714 | 7,527 | 8,267 | 8,037 | 8,414 |
| Centre | 107,596 | 114,415 | 24,594 | 26,473 | 25,480 | 27,740 | 28,671 | 31,046 | 28,851 | 29,157 |
| East | 17,484 | 19,996 | 4,035 | 4,483 | 3,969 | 4,934 | 4,223 | 5,142 | 5,258 | 5,437 |
| South | 376,568 | 356,688 | 98,331 | 90,854 | 86,890 | 80,793 | 85,966 | 87,398 | 105,381 | 97,643 |
| West | 55,283 | 48,660 | 19,431 | 12,506 | 11,708 | 12,067 | 12,079 | 12,711 | 12,065 | 11,375 |
| TOTAL | 585,646 | 570,751 | 152,065 | 140,913 | 135,522 | 133,247 | 138,466 | 144,565 | 159,592 | 152,026 |
As anticipated by the Group, there were no significant changes in the trend towards the end of the year. However, the recent acquisition of Ikaros Cleantech AB in Sweden announced on 10 October, combined with the acquisitions of Casal in France and Ironmongery in England, will inject new driving force into the Group's growth.
Thanks to its sound financial footing (the acquisition of Ikaros Cleantech AB was financed entirely from the Group's equity capital, thereby preventing it from eating into its investment capability) and its ability to implement plans geared towards the current business environment, the Group will maintain an acceptable level of profitability.
Finally, the Group will pursue its policy of investing in information systems and logistics capacities.
About the Manutan Group
The Manutan Group is a leading player in the European multi-channel distribution market for businesses and local authorities. The group operates in 19 European countries through 24 subsidiaries.
Manutan International is listed on Compartment B of Euronext Paris, ISIN: FR0000032302-MAN.
Next publication: Results for the 2012/2013 financial year, 18 December 2013 (after market closure)
Contact investors
Yassine Soumari - Corporate finance
Tel. : +33 (0) 1 34 53 35 55
Contact.investors@manutan.com
[1] In the South area's case, these growth rates reflected a favourable scope effect of 12.8% associated with Casal Sport's contribution (-7.3% on a like-for-like basis), and 17.4% for the West area (-1.9% on a like-for-like basis) associated with the acquisition of IronMongery Direct.
