Report
Jeremy Garnier

Manutan International : Résultats S1 proches de nos attentes

>ROC S1 2018 : 22.6M€ (vs. 23.2M€e) soit -2.1% yoy - Au titre du S1 17/18, Manutan International a publié hier soir des résultats légèrement inférieurs à nos attentes. Pour un CA déjà publié en croissance de 4.6% (dont 5% lfl) à 357.3M€, le ROC semestriel s’élève à 22.6M€, (vs. 23.2M€e). La MOp courante ressort ainsi en baisse de 50pb à 6.3% (vs. 6.5%e). Le RNpg s’établit quant à lui à 15.9M€ (vs. 17.7M€e).Moc S1 principalement impactée par le changement ...
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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