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FNAC 3Q16 Results

The Fnac Darty group has published its 3Q16 revenues, which marked a small decline and a sequential slowdown compared to H1 with LFL revenues down by -0.7% yoy to €1.7bn (9M16: +2.9%), pro forma of the acquisition of Darty (consolidated since August). This was essentially due to the challenging French market, especially for Fnac (-2.6%; representing 35% of Q3 sales) which saw deteriorated market trends in most product categories. Footfall declined in stores and was only partly offset by the do...

FNAC - SNAPSHOT

​French retailer Fnac has just issued €650m 3.25% senior unsecured notes due 2023 to refinance the bridge facility that was used to acquire Darty. As a reminder, Fnac took over Darty after a bidding war with Conforama in April 2016.

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