Fnac Darty: will not meet cash flow target
(CercleFinance.com) - The Group's revenue is set to be be around 7,945 million euros in 2022, which would be down an estimated 1.
2% as reported and -1.9% LFL compared to 2021.
Its underlying operating income is estimated at around 230 million euros. Meanwhile, Free cash flow from operations is slightly negative at around -30 million euros.
Management considers it unlikely that it will achieve its cumulative free cash flow target of around 500 million euros over 2021-2023. Therefore, the Group is extending this same target to 2021-2024.
Fnac Darty still aims to generate free cash flow from operations of at least 240 million euros p.a. from 2025.
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