150 million euros. This is the amount of profit made by the group of electronic, cultural and household appliances Fnac
Darty during the year 2018. This is an amount almost quadrupled compared to the year 2017.
Analysts Factsest and Bloomberg expected a profit between 145 and 170 million euros for the year 2018. The turnover of the group table, meanwhile, to 7.475 billion euros, up 0.4 % over one year.
FnacDarty publishes growing results and reinforces its leading position in its markets. 2019 will mark the acceleration of our digital transformer, the renf. our CSR commitments and excellence in the execution of our projects, at the service of our customers https://t.co/4CmY7YE4bt
– Enrique Martinez (@EnriqMrtz) February 20, 2019
Willingness to increase the life of the group's products
"The year 2018 marks the successful integration of Fnac Darty, initiated in 2016 at the merger of the two brands" and carried out one year in advance, says the distributor, which exceeded its goal "by issuing 131 million synergies at the end of 2018 ". In addition, the group announces stable sales due to several "exceptional events".
For Enrique Martinez, CEO of Fnac Darty, quoted in the statement, "2019 will mark the acceleration of our quest for digital excellence, customer experience, and our commitment to product sustainability" . "We are confirming our medium-term goals for superior growth in our markets and a current operating margin of 4.5% to 5%," he added.