Darty limits loss

Darty limits loss

French electronics group Darty has managed to limit its loss for the first half of the fiscal year compared to a year ago. The Belgian branch, which contains Vanden Borre, performed very well.

Like-for-like turnover drop

Darty's total turnover grew 3.5 % to 1.64 billion euro, mainly thanks to the Mistergooddeal acquisition which was finalized in April. The like-for-like turnover dropped 1.2 % because of a weaker second quarter.

 

Darty also had to deal with a 4.7 million euro net loss in its first two quarters, which still is a huge improvement compared to the 19.8 million euro net loss of the year before. Operational profit grew to 9.3 million euro, on the back of a million euro operational loss the year before.

 

Decent Belgian results

Darty France's turnover, which represents 70 % of the group's total turnover, dropped 1.7 %, but its Belgian branch (which contains Vanden Borre) performed well. Vanden Borre managed a 3.3 million euro profit, a huge spike compared to the 1.1 million euro it managed last year.

 

Its 117 Dutch and Belgian stores, consisting of BCC and Vanden Borre, managed a 327.6 million euro turnover, which is a 5 million euro growth. Like-for-like turnover rose 0.8 %.

Questions or comments? Please feel free to contact the editors


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.”

Ceconomy continues growth in transitional year

26/10/2017

Ceconomy, a former part of German Metro Group, achieved a 4.6 % fourth quarter turnover increase to 5.264 billion euro. Media Market’s parent company mainly made strides online.

Fnac Darty grew 6 % in third quarter

20/10/2017

Fnac Darty has raised its third quarter turnover by 6 % to 1.792 billion euro, with growth in the Benelux as well. The company also revealed the integration of both companies is ahead of schedule.

Samsung CEO resigns despite record profit

13/10/2017

South Korean Samsung has managed a record profit in its past quarter thanks to strong chip sales. However, one of its three CEO’s still decided to resign.

Fnac-Darty introduces new board

12/10/2017

A little more than a year after Fnac and Darty merged and several months after CEO Alexandre Bompard suddenly moved to Carrefour, the French entertainment and electronics group Fnac-Darty introduced its new board.

Twelfth straight quarter of weaker computer sales

12/10/2017

Desktop computer sales have slumped once more in the third quarter, down 3.6 %. It is the third straight year of dwindling sales, according to research firm Gartner.

Back to top