Manutan International : Turnover first half-year of 2018/2019

Gonesse, 11^th April 2019

MANUTAN GROUP

Turnover during the first half-year of 2018/2019

Acceleration of growth during the second quarter

During Q2 2018/2019, the Manutan Group's business enjoyed a growth of 5.6% compared to the same quarter of the prior year, including an exchange rates effect of -0.2% and a day effect of -1.1% (+6.9% at constant exchange rates and number of days). Turnover amounted to 179.7 million euros, compared with 170.2 million euros for the same quarter of the previous fiscal year.

During H1 2018/2019, the Manutan Group's business increased by 4.2% (+4.5% at constant exchange rates and +4.4% at constant exchange rates and number of days) compared to the first half-year of the 2017/2018 fiscal year. Turnover amounted to 372.4 million euro at 31^st March 2019 compared with 357.3 million euros at 31^st March 2018.

In terms of its operational areas^[1], the Group's situation is disparate:

• The North area in second quarter is flat compared to the same quarter of prior year at -0.1% with an order in-take increasing by +3.4%.
• The Centre area is showing a growth of +6.5%, mainly driven by Belgium.
• The activity in the East area was still impacted by a base effect (a growth of +13.9% during the same quarter of fiscal year 2017/2018).
• The main contributors of the turnover's growth at +9.3% in the South area are Manutan France (+8.2%), Italy (+13.5%) and Portugal (+21.4%).
• The West area is showing an increase of +6.9% in the second quarter, buoyed by all its markets, despite the economic environment which remains uncertain.

For the rest of the financial year, the Group will continue implementing its development strategy while maintaining its mid-term investment plan. The Group will carry on actively seeking external growth targets.

********************* About the Manutan Group

A family-run business created in 1966. Manutan is Europe's leading B2B e-commerce company and specializes in the multichannel distribution of products and equipments for businesses and local authorities.

Its vast range of select products and services is one of the largest offerings in Europe. This enables the company to meet all of its client's needs and help them reduce their indirect purchase costs.

With 25 subsidiaries established in 17 countries in Europe, the Group has more than 2 200 employees and has a turnover of 741 million euros in 2017/2018. Manutan France was awarded Best Workplaces in 2019.

Manutan International is listed on Euronext Paris - Compartment B - ISIN: FR0000032302-MAN.

www.manutan.com

Next publication: First semester 2018/2019 results:
28^th May 2019 (after market closure)