European MRO and business supplies reseller has posted positive results to complete its financial year.
For the three months ended 30 September, Manutan’s Q4 2018 sales marginally increased by 1.3% in constant currency to €200 million ($228.8 million) compared to the same period last year.
An uncertain economic context relating to Brexit drove the West reporting region’s markets, resulting in sales rising 2.8% to €27.8 million in constant currency compared to Q4 2017.
All other markets also improved on the previous year, with the exception of the South. Although the region’s activities grew in all countries, this was offset by a decline in the budgets of local authorities, which resulted in a slight sales decrease of 0.7%.
For FY2018, sales were up 5% in constant currency to €741.3 million, with its East segment reporting the biggest growth of 12.4%
Looking forward, Manutan said it will continue to seize development and profitability opportunities while maintaining current investments in information systems and logistics.
For the three months ended 30 September, Manutan’s Q4 2018 sales marginally increased by 1.3% in constant currency to €200 million ($228.8 million) compared to the same period last year.
An uncertain economic context relating to Brexit drove the West reporting region’s markets, resulting in sales rising 2.8% to €27.8 million in constant currency compared to Q4 2017.
All other markets also improved on the previous year, with the exception of the South. Although the region’s activities grew in all countries, this was offset by a decline in the budgets of local authorities, which resulted in a slight sales decrease of 0.7%.
For FY2018, sales were up 5% in constant currency to €741.3 million, with its East segment reporting the biggest growth of 12.4%
Looking forward, Manutan said it will continue to seize development and profitability opportunities while maintaining current investments in information systems and logistics.
