Report
Clement Genelot

FNAC DARTY: H1 EBIT margin impacted by technical headwinds | BUY | EUR93 vs. EUR94 (+30%)

FNAC DARTY - BUY | EUR93 vs. EUR94 (+30%)
H1 EBIT margin impacted by technical headwinds

Anticipated growth acceleration in every region
EBIT margin down, affected by several technical elements
Fewer technical elements to again impact H2
Buy confirmed to bet on improving growth and margin profile
Underlying
Fnac Darty SA

Fnac Darty is engaged in the leisure and entertainment, technology, and household appliances retail market in France and a player on markets in other countries where it operates such as Spain, Portugal, Belgium, the Netherlands and Switzerland. Fnac Darty also has franchise operations in Morocco, Qatar and Ivory Coast.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Clement Genelot

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