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


Samsung targets record fourth quarter profit

09/01/2018

Korean technology firm Samsung has released preliminary quarterly results indicating it forecasts record profits in 2017’s fourth quarter. Nevertheless, it does not seem it can live up to analysts' expectations.

MediaMarkt's co-founder passed away

28/12/2017

Erich Kellerhals, co-founder of electronics chain MediaMarkt, has died on Christmas day, aged 78. The German laid the foundation for one of the world’s largest electronics chains in 1979.

Media Markt's parent company thrives thanks to online

19/12/2017

Media Markt and Saturn’s new parent company, CECONOMY, has performed well in its fiscal year 2016/2017. Its 1.3 % turnover increase was largely thanks to improved online sales.

Carrefour and Fnac Darty consider purchase alliance

01/12/2017

Supermarket firm Carrefour and electronics seller Fnac Darty are considering an alliance for their electronics acquisitions. The combination could lower purchase prices.

Media Saturn launches a first, fully virtual shopping world

21/11/2017

Saturn customers can use their own VR goggles to see products in two virtual environments. It is not yet possible to actually buy something in VR however.

Pieter Haas, CEO Ceconomy: "We sell the consumer a digital life"

03/11/2017

MediaMarkt’s parent company, Ceconomy, has the key to consolidate the European electronics industry even more. The retailer will sell services and solutions: “We help people make the right decisions.”

Back to top