Manutan International : Q4 turnover, 17 October 2019

Gonesse, October 17th 2019

MANUTAN GROUP

Turnover Q4 2018/2019

A new year of growth for the whole fiscal year 2018/2019 (+4.4% compared to the fiscal year 2017/2018), marked by the solid organic growth strength and the acquisition of the Kruizinga Company in the Netherlands in July 2019.

In	Turnover at	Turnover at	Q4	Q4	Q3	Q3	Q2	Q2	Q1	Q1
thousands	the end of	the end of
2019	2018	2019	2018	2019	2018	2019	2018
of €	Sept. 2019	Sept. 2018
Turnover	768 242	741 283	205 399	200 016	190 484	183 998	179 748	170 160	192 612	187 110
like-for-like
Contribution
of acquired	5 643	0	5 643	0	0	0	0	0	0	0
companies*
Total	773 885	741 283	211 042	200 016	190 484	183 998	179 748	170 160	192 612	187 110
Turnover
*Acquisition of	Kruizinga on June	14th, 2019

Over the 2018/2019 fiscal year, the Manutan Group's Turnover amounted to € 773.9 million compared to € 741.3 million on September 30th, 2018, an increase of +4.4% compared to 2017/2018 fiscal year (+3.3% at like-for-like scope, constant exchange rates and number of working days, with a +0.8% scope effect, a -0.2% currency effect and a +0.5% day effect). Excluding the acquisition of Kruizinga, the Group's performance is at +3.6%.

During the fourth quarter of 2018/2019 fiscal year, the Manutan Group's business has grown by 5.5% compared to the same quarter last year, including a scope effect of +2.8%, a currency effect of -0.2% and a day effect of + 1.6% (+1.3% at like-for-like scope, constant exchange and number of working days). The turnover amounted to 211.0 million euros against 200.0 million euros for the fourth quarter of the previous fiscal year.

In terms of its operational areas1, the Group's situation is diverse :

		Turnover		Turnover
In thousands		at the end		at the end		Q4 2019			Q4 2018			Q3 2019		Q3 2018		Q2 2019		Q2 2018		Q1 2019		Q1 2018
of euros		of Sept.		of Sept.
	2019		2018
Enterprises		573 296			546 561			139 363				129 380				139 039			136 373			150 229			141 723			144 665			139 085
North		38 892			41 293			7 874				9 073				9 664			10 514			10 488			10 658			10 867			11 048
Centre		126 482			118 150			33 880				28 247				29 012			29 086			32 713			31 182			30 877			29 634
Est		23 392			24 057			5 522				5 463				5 846			5 860			5 871			5 975			6 153			6 759
Soud		269 953			253 698			62 544				58 729				65 805			62 832			71 546			66 430			70 059			65 707
West		114 577			109 364			29 544				27 870				28 713			28 081			29 611			27 478			26 709			25 936
Local		200 589			194 721			71 679				70 635				51 445			47 625			29 519			28 437			47 947			48 025
Authorities
South		200 589			194 721			71 679				70 635				51 445			47 625			29 519			28 437			47 947			48 025
TOTAL Group		773 885			741 283			211 042				200 016				190 484			183 998			179 748			170 160			192 612			187 110

• The analysis of the Group's performance by geographical area has been refined and contains an additional level of granularity: Enterprises and Local Authorities. This additional information will be included in our reports from now on.

At constant scope,
exchange rates and	1st	2nd	3rd	4th	Financial
number of working	Quater	Quater	Quater	Quater	Year
days
Enterprises	3.1%	7.1%	2.1%	2.1%	3.6%
North	2.8%	-0.1%	-3.2%	-12.0%	-2.8%
Centre	2.6%	6.5%	-1.2%	-1.6%	1.6%
Est	-9.0%	0.3%	1.7%	-2.2%	-2.6%
South	5.1%	9.3%	5.1%	4.8%	6.1%
West	2.1%	6.9%	0.9%	5.3%	3.7%
Local Authorities	-1.3%	5.5%	7.3%	-0.1%	2.6%
Sud	-1.3%	5.5%	7.3%	-0.1%	2.6%
TOTAL Goup	2.0%	6.9%	3.5%	1.3%	3.3%

• The Enterprises division growth in the fourth quarter (+2.1%) was driven up by the South and West areas. The North area is mainly affected by a slowdown in Sweden. The East area is impacted by the decline of the Czech Republic, linked to the automotive industry slowdown.
  In the Centre area, the decline in activity for the Netherlands, linked to a difficult macroeconomic context, is globally offset by the growth momentum in Belgium and Germany.
• The activity of the Local Authorities division remains stable in the fourth quarter, as a result of a good anticipation in deliveries in the previous quarter.

The acquisition of Kruizinga in June 2019 will allow the Group to enrich its products and services offer while strengthening its positions in the Benelux (Centre area) and on the e-commerce channel.

With a financial position that remains very sound and the ambition to sustain its profitable growth, the Group will continue to implement its development strategy, combining organic and external growth, while maintaining its investment plan in information systems and logistics.

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About the Manutan Group

A family-run business created in 1966. Manutan is Europe's leading B2B e-commerce company and specializes in the multichannel distribution of products and equipment for businesses and local authorities.

Its vast range of select products and services is one of the largest offerings in Europe. This enables the company to meet all of its client's needs and help them reduce their indirect purchase costs.

With 26 subsidiaries established in 17 countries in Europe, the Group has more than 2 200 employees and has a turnover of 741 million euros in 2017/2018. Manutan France was awarded Best Workplaces in 2019.

Manutan International is listed on Euronext Paris - Compartment B - ISIN: FR0000032302-MAN.

www.manutan.com

Next publication : Annual results 2018/2019

December, 3rd 2019 (after market closure)