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.

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