From GlobeNewswire: 2025-02-26 11:45:00

Fnac Darty exceeded its 2024 targets with a revenue growth of 1%, reaching nearly €8 billion. Gross margin increased to 30.6%, with a current operating income of €182 million. Free cash flow from operations surpassed targets, reaching €195 million in 2024, totaling €515 million over the 2021-2024 period. The successful acquisition of Unieuro strengthens Fnac Darty’s European leadership.

The acquisition of Unieuro, the #1 Italian retailer of consumer electronics and domestic appliances, has created a European leader in specialized retail with over €10 billion in revenue and nearly 30,000 employees. Significant synergies of over €20 million are expected, mainly from optimizing purchasing conditions. Fnac Darty’s financial profile is strong, with no major debt maturity before 2029 and a proposed dividend increase to €1 per share.

Fnac Darty’s CEO, Enrique Martinez, praised the strong 2024 results despite market challenges. The acquisition of Unieuro marks a significant milestone, accelerating the group’s development and strengthening its European leadership position. The omnichannel strategy and focus on sustainability contributed to the outperformance. The company is set to launch a new strategic plan in June 2025.

In 2024, Fnac Darty saw growth in various product categories, with consumer electronics, computers, and telephony leading the way. Services and diversification also showed strong performance. The company’s in-store and online sales growth, driven by an omnichannel strategy, reaffirmed the relevance of its approach.

Fnac Darty’s revenue in 2024 saw growth in France, Switzerland, the Iberian Peninsula, and Belgium, although the latter recorded a decline primarily due to intense competition. The company’s current operating income and margin increased in these regions, showcasing a positive performance despite market challenges.

The company’s strategic initiatives focus on sustainability, innovation, and diversification. Programs like Retaillink, Weavenn, and Second Life have contributed to growth. Fnac Darty aims to reduce its carbon footprint and promote eco-conscious practices, aligning with global sustainability goals.

Fnac Darty’s financial calendar includes key dates like the general meeting on May 28, 2025, and an investor day in June 2025. The company’s confidence in the future outlook is reflected in its projected mid-single-digit growth in Current Operating Income for 2025.

The company’s strong performance in 2024, successful acquisition of Unieuro, and strategic initiatives underline Fnac Darty’s position as a leader in specialized retail, with a focus on sustainability, innovation, and growth. The upcoming strategic plan in June 2025 is expected to further drive the company’s success.



Read more at GlobeNewswire:: Strong 2024 annual results, targets exceeded