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Fnac Darty: will not meet cash flow target

( - 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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