Fnac Darty: targets slight sales growth in 2021

(CercleFinance.com) - The retailer's revenue is expected to be around 7,490 million euros in 2020, with LFL growth of about +0.
6% and +1.9% as reported basis relative to 2019.

"This solid sales growth in 2020 was driven by the strong momentum in household appliances and technical products, notably the segments related to working at home and television," it said.

In 2020, its gross margin should reach 29.2%, down around -120 basis points from 2019. The Group expects to generate underlying operating profit of 210 million euros in 2020. Operating free cash flow is expected to be around 190 million euros, up from 2019.

Fnac Darty targets slight growth in revenue and underlying operating income in 2021 compared to 2020.


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