Finance
22.02.2024

Full-year results 2023

Resilient business in 2023

Current operating income in line with expectations at €171m

Free cash-flow from operations1 of €180m


2023 PERFORMANCE

  • Revenue stable at nearly €8 billion
  • Current operating income of €171 million, in line with consensus, reflecting tight control over margin and costs
  • Consolidated net income, Group share of €50 million, following the final closure of Comet disposallitigation in favor of the Group
  • Free cash-flow from operations1 of €180 million, in line with the objectives of the strategic plan
  • 1.1 million French people have placed their trust in Darty Max
  • Dividend of €0.45 proposed to the Annual General Meeting of May 29, 2024

STRATEGIC INITIATIVES ROLLED OUT IN 2023

  • Weavenn, the creation ofa major player in the European e-commerce logistics and SaaS Marketplace
  • Retail Link, the Group’s omnichannel retail media agency, ~€90m of revenue
  • Roll-out of 2nd life products, ~€120m GMV (+30% vs 2022)

2024 OUTLOOK

At this stage, the Group remains attentive to the evolving macroeconomic situation

  • Current operating income expected to be at least equal to that of 2023
  • Cumulative free cash-flow from operations1 of €500 million for the period 2021-2024 confirmed 2021-2024