H1 2022 Financial Results
OUTLOOK
The Group has demonstrated its resilience in H1 2022 in a context of rising inflation and geopolitical
uncertainties that still impact visibility in the coming months
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For the rest of the year, the Group:
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Excluding IFRS 16
✓ Remains fully committed to continuing to outperform the market, as it demonstrated in H1;
✓ Keeps focusing its efforts on optimizing its gross margin rate thanks to:
effective supply-chain management enabling the Group to provide a wide range of products in a context of
pressure on purchasing power and price increases, particularly in the more premium product categories
a positive service mix mainly driven by Darty Max
Continues to implement solid cost control through efficient performance plans that already offset the
vast majority of inflation in H1 2022 and will continue in H2;
Adjusts its operating investments for 2022 to be slightly below €140m.
Fnac Darty will continue to execute its strategic plan Everyday and confirms its objectives of achieving:
✓ Cumulative free cash-flow from operations¹ of c. €500m over the 2021-2023 period;
✓ Annual free cash-flow from operations ≥ €240m from 2025 onwards.
FNAC DARTY
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