European MRO and business supplies reseller Manutan has reported a slight sales increase for Q1 2018/2019.
For the three months ended 31 December 2018, sales were up 2% in constant currency to €192.6 million ($219.5 million) from the first quarter of 2017/2018.
Sales rose for all the group’s operating areas, with the exception of the East, which fell 9% to €6.1 million. Manutan said this was due to a large number of key accounts signed in Q1 2017/18, resulting in difficult comparisons in this year’s first quarter.
For the rest of the year, Manutan said that it will continue to implement its development strategy, while maintaining its medium-term investment plan and continuing to actively seek external growth targets.
