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Q1 2022/2023 turnover

9 January 2023

Q1 2022/2023 turnover up by 5.8% compared to Q1 2021/2022, at constant exchange rates and days

In thousands of euros December 31, 2022 December 31, 2021
Total Turnover 234,508 225,596

In Q1 of the 2022/2023 financial year, Manutan Group's turnover grew by +4.0% compared to the first quarter of the previous financial year. This growth includes a negative currency and day effect of -0.4% and -1.4% respectively (i.e., a turnover growth of +5.8% at constant exchange rates and days). Revenues amounted to 234.5 million euro, compared with 225.6 million euro in the previous year.

In terms of its operational areas, the Group’s situation is as follows:

In thousands of euros December 31, 2022 December 31, 2021
Enterprises 188,968 175,118
South 91,172 82,210
Centre 48,773 44,320
West 30,431 30,723
North 10,609 10,690
East 8,078 7,174
Local Authorities 45,446 50,479
South 45,446 50,479
TOTAL 234,508 225,596
At constant scope, exchange rates and number of working days 1st
Financial Year
Entreprises  +10.1%       +10.1%
Sud +12.1%       +12.1%
Centre +12.7%       +12.7%
Ouest +1.2%       +1.2%
Nord +4.2%       +4.2%
Est +17.6%       +17.6%
Collectivités -9.2%       -9.2%
Sud 9.2%       -9.2%


+5.8%       +5.8%

The Group's performance in the first quarter was driven by the Enterprises division, where all areas showed growth compared to last year.

The Local Authorities Division reported a decline in activity. It was impacted by the reduction in spending by local authorities as a result of the inflationary context and rising costs that affect their business.

Given the current inflationary and uncertain context, the Group will devote its best efforts to mitigating any impacts. The Group will maintain the implementation of its development strategy, focusing on the expansion of the responsible offer, storage capacities, as well as on the strengthening of the business model combining digital, personalized omnichannel customer approach and the necessary operational agility.