Fnac Darty announces its Q1 2024 Revenue

RESILIENT BUSINESS IN Q1 2024

OUTLOOK CONFIRMED

•  Q1 2024 revenue of €1,793m, up +0.7% on a reported basis compared to Q1 2023

• Gross margin rate up +30 bps compared to Q1 2023, excluding dilutive impact from franchise

•  Successful omnichannel strategy: Click&Collect represents 51% of online sales

• Sound financial structure following the successful bond refinancing, no major debt repayment due before April 2029

Over this first quarter, the Group demonstrated the excellent resilience of its business, with stable revenue and improved gross margin. In a market with mixed performances, the Group once again demonstrated the relevance of its sustainable, omnichannel and service-oriented strategy. The success of the bond refinancing transaction reflects the confidence that the markets have in our business model and the trajectory adopted by the Group. Fnac Darty and all its employees are now preparing for the big sports events coming up in the second and third quarters as well as the peak sales periods at the end of the year.

Enrique Martinez, Chief Executive Officer of Fnac Darty