Report
Clement Genelot

FNAC DARTY: Unsurprisingly, 2020 guidance is abandoned | NEUTRAL | UNDER REVIEW

FNAC DARTY - NEUTRAL | UNDER REVIEW
Unsurprisingly, 2020 guidance is abandoned

Fnac Darty is officially not confirming its 2020 guidance
FY sales to be down in our view…
…with a deleveraging effect despite cost-cutting and technical unemployment
FV under review pending further work on our model
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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