Earnings release
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FNAC DARTY Ivry , July 29 , 2021 Strong revenue growth and solid results in the first half of 2021 against a background of continuing health restrictions First successes of the strategic plan Everyday Upward revision of the 2021 guidance for expected revenues , up by nearly + 5 % ¹ compared to 2020 and expected current operating income between € 260 million and € 270 million Revenues for the first half of 2021 at € 3,465 million , up 21.3 % on a like - for - like basis¹ , against a background of continuing health restrictions penalizing the operating conditions of the Group's brands Continued growth in digital over the half - year , which represents almost 28 % of Group sales , driven by the gaining of two million active new online customers over the period Gross margin rate at 29.7 % , up by +10 basis points from last year and by +65 basis points excluding the impact of ticketing and franchise Current operating income at € 34 million , up by € 92 million compared to the first half of 2020 and by € 2 million compared to the first half of 2019 , on a comparable basis² Consolidated net income , Group share , at € 17 million , up € 136 million compared to the first half of 2020 Implementation of the strategic plan Everyday , including the launch of the new Darty Max offerings and the signing of the partnership with Manor in Switzerland Strengthening of the Group's financial structure with an extended maturity profile , diversified financing sources and optimized cost Enrique Martinez , Chief Executive Officer of Fnac Darty , stated : “ We are very pleased with the solid results achieved during the first half of 2021 , driven by the strong sales momentum of our markets . Despite the continuing health restrictions in our various countries of operation , the Group was able to rely on the strength of its omnichannel model through the power of its stores and the relevance of its digital offering , which represents around 28 % of the activity for the half - year . In this context , which is still uncertain , the Group is demonstrating its ability to regain a level of profitability , as of this half - year , higher than that of the first half of 2019 , which makes it confident of meeting the challenges ahead and achieving , over the year , a revenue growth of nearly + 5 % compared to 2020 and a current operating income between € 260 and € 270 million . Finally , we are proud of the first successes in the rollout of the strategic plan Everyday , including the launch of the three new Darty Max offerings , and the rollout of the Manor partnership in Switzerland , and we will continue our efforts throughout the rest of the year , focused on advice , sustainability and services . " ¹Like - for - like basis : excludes effect of changes in foreign exchange rates , changes in scope , store openings and closures . 2 Including Nature & Découvertes for the full - year and excluding BCC . 1