Fnac Darty: raises its target for OI in 2024

(CercleFinance.com) - Q3 sales came to E1,849m, up +0.
5% as reported and -0.6% LFL.

For the first nine months of the year, group sales came to E5,238m, up +1% as reported and -0.2% LFL.

Sales in France and Switzerland were virtually stable at -0.4% LFL (-1.2% in Q3 alone).

In the Iberian Peninsula, sales rose by 1.8% LFL (with a performance of +5.7% in Q3 alone).

Sales in Belgium and Luxembourg were virtually stable at -0.4% LFL (-1.9% in Q3).

The group has raised its operating income before non-recurring items (OI) target for 2024, which it expects to exceed E180m, compared with at least E171m in 2023.

The group also confirms its target of achieving cumulative operating free cash flow of around E500 million over the 2021-2024 period, i.e. E180m in 2024.


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