Manutan International : Good 2019-20 results against a tough backdrop
>2019-20 underlying operating profit at € 58.4m (vs € 54m estimated) i.e. an underlying operating margin of 7.5% (-50bp) - Manutan International published yesterday evening 2019-20 FY (closed end-September) results slightly above our expectations. With previously published revenue of € 779.7m, slightly up by 0.8% (-1.6% l-f-l), underlying operating profit was down by a limited 6.2% to € 58.4m (vs € 54m est.), i.e. an underlying operating margin down by 50bp to 7.5% (v...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.
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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