Fnac Darty SA
OTC:GRUPF
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Fnac Darty SA
Fnac Darty SA engages in the distribution of cultural and information technology and consumer electronic products. The company is headquartered in Ivry-Sur-Seine, Ile-De-France and currently employs 25,713 full-time employees. The company went IPO on 2013-06-20. The firm is a retailer of cultural, leisure and technological products for the general public in stores and on the Internet, both in France and worldwide: Spain, Portugal, Brazil, Belgium, Switzerland and Morocco. Fnac Darty SA offers its customers two such products as: Editorial products (music, video, books and stationer, video games) and Technical products (photo, television(TV)-video, audio, computers, among others). Telephone, ticket reservation and travel activities complete the offering.
Fnac Darty SA engages in the distribution of cultural and information technology and consumer electronic products. The company is headquartered in Ivry-Sur-Seine, Ile-De-France and currently employs 25,713 full-time employees. The company went IPO on 2013-06-20. The firm is a retailer of cultural, leisure and technological products for the general public in stores and on the Internet, both in France and worldwide: Spain, Portugal, Brazil, Belgium, Switzerland and Morocco. Fnac Darty SA offers its customers two such products as: Editorial products (music, video, books and stationer, video games) and Technical products (photo, television(TV)-video, audio, computers, among others). Telephone, ticket reservation and travel activities complete the offering.
Stable Sales: Q3 2021 revenue was EUR 1,854 million, essentially flat versus last year, despite a very strong comparison base after 2020's 7.4% surge.
Omnichannel Strength: Online sales remained robust, representing 26% of total sales year-to-date, with Click & Collect accounting for 46% of online orders.
Margin Stability: Gross profit margin stayed stable versus 2020, with a slight improvement thanks to Darty Max and new services, but has not fully recovered to 2019 levels.
Inventory Position: Inventory is 5% to 10% higher than last year as the group prepares for Black Friday and Christmas, with no major supply pressures expected except in telephony and gaming.
2021 Outlook: Management expects full-year turnover to finish slightly more than 5% above 2020 and current operating profit around EUR 260–270 million, reaffirming prior guidance.
Regional Trends: France and Switzerland showed strong resilience, while sales in Belgium and Luxembourg dipped slightly in household appliances; Iberian Peninsula growth boosted by online and shop sales after health restrictions eased.
ESG Progress: The group improved its ESG ratings, now ranking among the top 10 European specialist retailers for sustainability.
