Report
Jeremy Garnier

Manutan International : CA T3 supérieur à notre attente – Bonne résilience de l’activité

>CA T3 en baisse de 3.2% à 184.5 M€ (vs 166 M€e) - Manutan International a publié hier soir son CA T3 (avril-juin) qui ressort en retrait de 3.2% à 184.5 M€, nettement supérieur à notre attente de 166 M€ (-13%e). La décroissance organique s’établit à -5.4% et l’effet périmètre à +3% (acquisition de Kruizinga en juin 2019). Sur les 9 premiers mois de l’année, l’activité résiste bien avec une décroissance limitée à 0.4% yoy (-3.6% lfl) soit un CA de 560.7 M€. §hp...
Underlying
Manutan International SA

The Manutan Group is a retailer whose focus is on the multichannel distribution market, providing supplies and equipment for a businesses and local authority customer base. Co. mainly markets its products and services in 19 countries throughout Europe where it has operations, Africa, Asia and in the Middle East. Co.'s product offerings comprise over 200,000 items, covering products required by businesses for their materials handling, lifting, storage, industrial supplies, safety, hygiene, packaging, office and workshop furniture, supplies and consumables needs, as well as furniture for hotels and restaurants, and educational, healthcare and sport materials for local authorities.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jeremy Garnier

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