Gonesse, April 14th 2016
MANUTAN GROUP
2015/2016 QUARTER 2 TURNOVER
| (thousands €) | Turnover at the end of March 2016 | Turnover at the end of March 2015 | Q2 2016 | Q2 2015 | Q1 2016 | Q1 2015 |
| Turnover excluding acquired companies | 307 224 | 303 204 | 148 448 | 147 778 | 158 776 | 155 425 |
| Contribution of companies acquired* | 17 919 | 0 | 4 136 | 0 | 13 783 | 0 |
| Total turnover | 325 143 | 303 204 | 152 584 | 147 778 | 172 559 | 155 425 |
* Acquisition of Papeteries Pichon completed on June 30th, 2015
During the second quarter of 2015/2016, the turnover amounted to 152.5 million euros, an increase of 3,3% (3,4% at constant exchange rates) compared to the same period of the previous fiscal year. Without the acquisition of Papeteries Pichon, group activity increased by 0,5%. At constant exchanges rates and constant perimeter, the performance shows an improvement related to the Group's business with a growth of 0,6%.
During the first semester of 2015/2016, the performance of Manutan Group increased by 7,2% (6,6% at constant exchange rates) compared to the same period of the fiscal year 2014/2015. The turnover amounted to 325.1 million euros against 303.2 million euros last year. Without the acquisition of Papeteries Pichon, group activity grew by 1,3%. At constant exchange rates and perimeter, the performance raised by 0,9%.
In terms of its operational areas, the Group's situation shows a diverse situation:
| (thousands €) | H1 2016 | H1 2015 | Q2 2016 | Q2 2015 | Q1 2016 | Q1 2015 |
| North | 20 615 | 20 972 | 10 170 | 10 612 | 10 445 | 10 361 |
| Centre | 56 193 | 54 597 | 29 015 | 27 903 | 27 178 | 26 694 |
| East | 9 301 | 8 874 | 4 383 | 4 118 | 4 918 | 4 756 |
| South | 186 344 | 170 802 | 83 011 | 79 895 | 103 333 | 90 907 |
| West | 52 690 | 47 959 | 26 005 | 25 250 | 26 685 | 22 709 |
| TOTAL | 325 143 | 303 204 | 152 584 | 147 778 | 172 559 | 155 425 |
| (en devises locales) | 1er Trimestre | 2ème Trimestre | 3ème Trimestre | 4ème Trimestre | Exercice |
| Nord | +2,2% | -5,4% | -1,7% | ||
| Centre | +1,7% | +4,0% | +2,8% | ||
| Est | +1,4% | +4,1% | +2,6% | ||
| Sud | +13,7% | +3,9% | +9,1%[1] | ||
| Ouest | +7,6% | +3,6% | +5,5% | ||
| Total Groupe | +11,0% | +3,3% | +7,2% |
- During the second quarter, the performance of the Northern area decreased by 5,4%, mostly explained by the challenging macro-economic situation in Norway and the evolution of the exchange rates inside the zone.
- The Centre area recorded a raise of 4%, mainly driven by the dynamic activity in Belgium, where turnover has greatly increased in the second quarter.
- The Eastern area grew by 4,1% during the second quarter and 5,8% without the impact of liquidation of the Russian subsidiary.
- The turnover of Southern zone increased by 3,9% predominantly thanks to the contribution of Papeteries Pichon.
- The Western area continued to experience dynamic growth thanks to the excellent performance of the ironmongery and shelving markets.
The Group continues to enjoy very sound financial footing and will continue its efforts to develop its turnover in the short and medium terms, while maintaining its investments in information systems and keeping a watchful eye on any new external growth projects that could arise.
About the Manutan Group
The Manutan Group is a leading player in the European multi-channel distribution market for businesses and local authorities. The group operates in 19 European countries through 25 subsidiaries. In 2012/2013, the Manutan Group generated revenue of 586 million euros, almost 40% of which outside France.
Manutan International is listed on Euronext Paris - ISIN: FR0000032302-MAN.
Next meeting: publication of the Quarter 3 2015/2016 Turnover
19 July 2016
[1] The performance of Southern zone was contributed by a positive impact of Papeteries Pichon which was of +10,5%. Without the acquisition of Papeteries Pichon, the performance decreased by -1,4%.
