Darty Group's results impacted by BCC

Darty Group's results impacted by BCC

Dutch electronics chain BCC's results in the first half of its fiscal year have negatively impacted its parent company Darty Group's results. Nevertheless, despite BCC's weak performance, Darty did manage turnover growth.

Growth in Belgium and the Netherlands

Darty Group's total turnover grew 1.2 % in the first half of the year, to 1.66 billion euro. Its like-for-like turnover also grew 1.1 %, an improvement over the 1.1 % slump last year.

 

Group profit grew 36 % to 36.1 million euro. In France, Darty's most important market, profit grew 51 % while Belgian profit also grew, thanks to Vanden Borre. Its Dutch branch experienced a loss, which it blamed on difficulties implementing a new order processing system.

 

In November, Darty accepted an acquisition bid by its competitor Fnac, which will pay 859 million euro to acquire the company.

Questions or comments? Please feel free to contact the editors


Ceconomy (former Metro) mainly achieves online growth

31/08/2017

Ceconomy, the newly-formed electronics company that split off from the Metro Group, grew 1.1 % in its first independent quarter. The owner of Media Markt and Saturn saw its web shops outperform physical stores.

New owner for smartphone manufacturer HTC?

28/08/2017

Taiwanese technology company HTC may be looking for a new owner as competition is becoming stronger. The company is now looking for options to raise funds for a battle plan.

Twelve-year sentence for Samsung's vice-president?

07/08/2017

Prosecutors in the Samsung corruption case have demanded a 12-year sentence for its former vice-president and de facto CEO of the South Korean company at the time, Jay Y. Lee, who has been charged with bribery and embezzlement.

Apple sales drop smaller than expected

02/08/2017

Apple has sold more iPhones in the third quarter of its fiscal year than it did last year, which was a surprisingly more positive feat than analysts had expected. Compared to the second quarter, there was further decline though.

Ceconomy (Media Markt) acquires quarter of Fnac Darty

26/07/2017

Ceconomy, Metro Group’s former consumer electronics division containing Media Markt and Saturn, acquired 24.3 % of Fnac Darty’s shares from the Pinault family.

 Blokker adds household appliance specialist AO.nl to Nextail

21/07/2017

Blokker Holding’s online organization, Nextail, will enter a strategic collaboration with online household appliance specialist AO.nl’s Dutch division.

Back to top