(News Bulletin 247) – Mr Bricolage unveiled lower annual results for the 2022 financial year last night and said he envisaged a “less favorable” market environment this year.
The DIY chain of stores achieved a turnover of 306.5 million euros last year, up 1.3%, against a backdrop of negative development in the volume of business and a ‘ product mix considered less favourable.
After a year 2021 described as ‘exceptional’, the group generated an EBITDA of 35.5 million euros in 2022, against 39.6 million in 2021, a decline of 10.4%.
Its operating margin (EBITDA) stood at 11.6%, compared to 13.1% in 2021.
The distributor, which had 977 stores on January 1, 2023, stresses that its growth dynamic is well underway with a view to achieving its objective of 1,000 points of sale before the end of 2025.
However, given the current economic context (rising interest rates, inflation, pressure on commodity prices), the group says it expects a “less favorable” market environment in 2023 than in the previous three years.
Its net financial debt at the end of 2022 stood at 24.2 million euros, compared to 40 million at the end of 2021.
On the Paris Stock Exchange, the title lost 5.1% Thursday mid-morning, for a market capitalization of 88.3 million euros. The value has gained another 5% since the start of the year, but has fallen by 28% over one year.
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