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Darty records continued growth

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European electricals retail group Darty has recorded positive growth in its fourth quarter results. Total group revenue rose by almost 13% to the quarter ending 30 April 2016.  

Like-for-like sales in France grew by 16% which was supported by its vision switchover in April. All product categories other than multi-media saw positive growth.

Darty’s Belgium business also reported increased like-for-likes for the fourth consecutive quarter.

The group’s ecommerce sales, excluding Mistergooddeal.com grew by 14% and now accounts for over 16% of total sales.

Total revenue rose by 12.8% and 13.5% excluding Mistergooddeal.com while like-for-like sales grew by 12%.

"We saw an exceptional sales performance in France during the quarter as our service credentials made us the reference retailer for customer advice on the television switchover. As a result, we continued to outperform the market in France with Darty’s like-for-like sales up 16 per cent and Belgium delivered a fourth successive quarter of positive like-for-like sales” said Régis Schultz, Chief Executive .

“Our ‘Confiance 4.0’ plan is delivering positive results through our multi-channel and franchise growth, cost initiatives and a significantly improving cash position.”

 

Published on Thursday 26 May by Talya Misiri

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