Manutan International : H1 disrupted by COVID-19
>Q2 sales of € 172.5m, down 0.3% (-5.7% l-f-l) - Manutan International's H1 sales, reported yesterday evening, came in slightly lower than our forecast at € 376.2m (vs € 381.7m est), a slight increase of 1% thanks to the scope effect from Kruizinga (-2.8% l-f-l). For Q2, sales came in 0.3% lower, with -5.7% l-f-l.Sales down sharply as a result of the health crisis since mid-March - The COVID-19 impact began to be felt as of March. Over the first five ...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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