Earnings release
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FNAC DARTY Very strong revenue growth in Q1 2021 Ivry , April 15 , 2021 Q1 2021 revenues of € 1,818 million , up + 22.0 % on a reported basis and + 21.7 % on a like - for - like basis¹ compared to Q1 2020 , against the backdrop of the ongoing health crisis Continued strong digital momentum with an online sales growth of + 45 % , representing 28 % of revenues , in a quarter when a number of stores were closed in the various countries in which the Group operates ■ Launch of the new 2025 strategic plan Everyday , and changes in the organization of the Executive Committee to support the ambitions of this new plan New financing structure allowing the Group to strengthen its financial flexibility with a long- term maturity profile and continue to optimize the average cost of its debt Enrique Martinez , Chief Executive Officer of Fnac Darty , declared : " In line with the Q4 2020 performance , this first quarter was driven by strong sales momentum in the technical and home equipment markets . Despite the severe restrictions on access to stores in our various countries of operation , the Group was able to rely on the strength of its omnichannel model and the relevance of its digital offer , which represents 28 % of the quarter's activity . In this unprecedented context , Fnac Darty has demonstrated its strength and ambitions by launching its new strategic plan Everyday and aligning its organization in order to achieve this ambitious project focused on advice , sustainability and service , becoming the benchmark for responsible commerce in its markets . The Group remains attentive of future developments in the current health situation and any possible impact on its commercial activities . " FIRST QUARTER 2021 REVENUE Change vs Q1 2020 Q1 2021 In Єm Reported Like - for - Like¹ France and Switzerland 1,505 + 24.8 % + 24.5 % Iberian Peninsula 145 + 3.5 % + 3.0 % Belgium and Luxembourg 168 + 16.7 % + 16.3 % Group 1,818 + 22.0 % + 21.7 % 1 Like - for - like : excludes the effect of changes in foreign exchange rates and scope of consolidation , and directly owned store openings and closures . Indicator defined in the 2020 Universal Registration Document filed with the AMF on March 19 , 2021 . 1