Report
Clement Genelot

FNAC DARTY | SELL | EUR52 VS. EUR48 Strong start to the year

FNAC DARTY | SELL | EUR52 VS. EUR48
Strong start to the year
Q1 sales growth >2x above expectations at 22%
Consumer budget reallocation still very strong
Strong H1 in sight with tough H2 behind
What about our “2021 lose-lose scenario for specialised retailers”?
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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