Manutan International : Q1 2022-23 sales slightly ahead of our expectations
>Q1 2022-23 sales of € 234.5m (vs € 230m est.), up 4% - Manutan International yesterday evening reported Q1 sales of € 234.5m, slightly ahead of our € 230m forecast. Growth thus came to 4% in the quarter (vs 2%e), with organic growth of 4.4% and a negative forex effect of -0.4%.Robust growth at enterprise division offsetting decline in authorities’ segment - Growth in the first quarter was driven by the Enterprise division (80% of sales, growth of 10...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.