Very good resilience of H1 2022 sales
Solid gross margin rate, up on H1 2021
Fnac Darty, a player committed to purchasing power and repairs
— Revenue for H1 2022 at €3,428 million, down slightly by -1.1% on a reported basis and -1.7% on a like-for-like basis compared to H1 2021, with a high comparison basis and growing inflation
— Gross margin rate at 30.9%, up by +120 basis points from last year driven particularly by Darty Max and the recovery of ticketing
— Current operating income stable in comparison to H1 2021 and H1 2019 on a pro-forma basis, excluding impact of one-off purchasing power bonus and roll-out of new activities during this half-year
— Continued roll-out of strategic plan Everyday, and ramped-up services and repairs: extension of Darty Max to all Fnac stores, and integration of the first video service dedicated to product maintenance and care to prevent breakdown
— Fnac Darty, a player committed to purchasing power: one-off bonus in March for nearly 80% of Group employees to improve their purchasing power, and agile supply-chain management to provide a wide range of products and services suited to all
The Group’s results remain solid, in line with previous years. Aware of the pressures that inflation and the energy crisis are imposing on our employees’ everyday lives, our Group supported their purchasing power by paying a bonus to 80% of our teams in the first half of the year. Against a constantly changing geopolitical and economic backdrop, we have managed to stay an ambitious course in the form of our strategic plan Everyday, which presents a transformative vision for the Group in terms of advice, sustainability and service. Because our commitment to product sustainability and protecting purchasing power is at the heart of our ambition to transform consumption toward a responsible model, we are accelerating the roll-out of our Darty Max repair services, now available through the Fnac network, and offering the first video-based product maintenance service. We will be well placed in the coming months to continue the implementation of our strategic plan Everyday, which establishes our Group’s position on key transformation challenges.
Enrique Martinez, Chief Executive Officer of Fnac Darty