Manutan International : H1 results in line with our estimates - cautious stance for H2
>H1 2019-20 underl. operating profit: € 24.3m (vs € 24m est.), down 3.2% - Manutan H1 2019-20 earnings, reported yesterday evening, were in line with our expectations. On already-reported sales of € 376.2m, with slight growth of 1% y-o-y, thanks to the Kruizinga contribution (-2.8% l-f-l), underlying operating profit came in at € 24.3m (vs € 24m est.), down 3.2%, with a stable underlying operating margin of 6.5%. Net profit declined by 4.4% to € 15.6m.Goo...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.