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After a first half-year that was not exactly optimum, the French DIY retailer reckons with lower net earnings
In the first six months of this year the 426 Mr. Bricolage stores belonging to the French DIY retailer achieved sales 5.4 per cent higher than in the comparable period in 2003. Sales amounting to € 763.9 mio result in a like-for-like plus figure of 2.37 per cent. There were 20 new DIY store openings between January and June, and extensions to ten outlets as well. A total of eleven branches are now working in accordance with the “Au coeur de la maison” concept.
The 149 stores of the Catena retail format, which is also operated by Mr. Bricolage, recorded sales of € 70.2 mio, or 1.9 per cent more than over the same period in the previous year. One new DIY store was added in the first half-year, and one was extended.
The company speaks of unfavourable conditions at the beginning of the year and an outstanding month in June. It is reckoning with lower net earnings for the entire 2004 financial year than was originally expected.
The 149 stores of the Catena retail format, which is also operated by Mr. Bricolage, recorded sales of € 70.2 mio, or 1.9 per cent more than over the same period in the previous year. One new DIY store was added in the first half-year, and one was extended.
The company speaks of unfavourable conditions at the beginning of the year and an outstanding month in June. It is reckoning with lower net earnings for the entire 2004 financial year than was originally expected.
