Manutan International : Financial notice of 12 December 2018
12 Décembre 2018 - 6:00PM
Financial notice
of 12 December 2018
2017/2018 financial year: A new growth in Turnover and
Results
€ Millions
|
2017/2018
|
2016/2017
|
Change
|
Turnover |
741.3 |
708.8 |
+4.6% |
Current operating profit |
57.3 |
52.7 |
+8.7% |
Operating profit |
57.0 |
53.7 |
+6.1% |
Net income |
41.2 |
39.1 |
+5.4% |
Strong organic
growth dynamic
Compared to the 2016/2017
financial year, the Group continues to grow and registers a 5.1%
increase at constant perimeter, exchange rates and working days
(+4.6% growth with these impacts). This increase is carried by all
Group's markets.
Operating
profitability is progressing
Over the 2017/2018 financial year,
the current operating profit increased by 8.7%, reaching €57.3
million (compared to €52.7 million for the previous financial
year), the current operating profit rate stands at 7.7% of Turnover
compared to 7.4% for the previous financial year.
This increase is driven by the dynamic growth in Turnover, the
steady performance of the commercial margin and an effectively
managed operating expenses (which represent 29.9% of Turnover
compared to 30.2% on the previous financial year).
After taking into account
non-current elements, operating profit rose by 6.1%, increasing
from 7.6% to 7.7% of Turnover in 2017/2018 financial
year.
In the 2016/2017 financial year, non-current elements had been
positively impacted by a real estate sale in Belgium.
Increased net
income
Net income is at 5.4% up compared
to the previous year. It stands at 5.6% of Turnover versus 5.5% for
the previous year. The decrease in financial charges partially
offset the growth of Group's effective tax rate (27.3% in 2017/2018
compared to 25.8% in 2016/2017 - country tax rate mix)
Dividends
In view of the result recorded, an
overall dividend of €12.6 million will be submitted, for approval,
to the Annual General Meeting convened to validate the accounts for
the financial year ended 30 September 2018. The dividend payment
would therefore amount to 1.65 euro for each of the Group's
7,613,291 shares, at a par value of 2 euros.
An ever sound
financial position
Over the year, the Group managed to improve its financial structure
while financing its investments projects for growth. The Group's
financial position remains very sound with strong free cash flow of
€72.2 million and financial debt of less than 8% of the total
balance sheet as of 30 September 2018.
The outlook for
financial year 2018/2019
Confident in our model and while protecting the profitability of
the Group, we will continue our development strategy around the
following topics:
-
Supporting the growth of the activity (Dynamic
on the Offer expansion, transaction digitalization and
Traders);
-
Investing and innovating to better differentiate
ourselves (storage capacity, digital tools, deployment of new
services ...);
-
Increasing our notoriety thanks to our external
communication;
-
Strengthening our culture and the potential of
our employees within our University;
-
Seizing opportunities for external growth.
********************************** About the Manutan Group
A family-run
business created in 1966, Manutan is Europe's leading B2B
e-commerce company and specialises in the multichannel distribution
of products and equipments 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 25
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 and Belgium were awarded Best
Workplaces in 2018.
Manutan
International is listed on Euronext Paris - Compartiment B - ISIN:
FR0000032302-MAN.
www.manutan.com
Next Publication : Q1
2018/2019 results :
16 January 2019 (after market
closure)
Manutan International : Financial
notice of 12 December 2018
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Manutan International via Globenewswire