Fnac Darty : Positive Q3 – Q4 still decisive in a particular political, budgetary and fiscal context in France – EBIT guidance raised slightly
>Q3 sales a shade below expectations, but excellent gross margin. - FNAC Darty yesterday reported its Q3 2024 sales. They totaled € 1,849m, down -0.6% LFL, below our expectations and those of the consensus. (+0.8% in l-f-l/ consensus +0.3% in l-f-l). The quarter decelerated sequentially compared to Q2 2024 (0.9% in l-f-l) despite an easier base effect of -0.1% in Q3 2023 and -4.7% in Q2 2023. The weakness of l-f-l momentum in France was partially offset by the ramp-up...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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