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Fnac Darty SA (FNAC.PA)

FNAC.PA on Paris Stock Exchange

70.05EUR
10:05pm IST
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€-0.20 (-0.28%)
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€70.25
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€70.45
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Volume
66,860
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65,719
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€96.95
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€45.76

Latest Key Developments (Source: Significant Developments)

Fnac Darty Signs Credit Agreement For EUR 100 Million With EIB
Monday, 18 Feb 2019 

Feb 18 (Reuters) - FNAC DARTY SA ::REG-FNAC DARTY REINFORCES THE EUROPEAN DIMENSION OF ITS FINANCING STRUCTURE.HAS SIGNED A CREDIT AGREEMENT FOR 100 MILLION EUROS WITH EUROPEAN INVESTMENT BANK (EIB).  Full Article

Fnac Darty Reports Loss Of Sales Estimated At Around 45 Million Euros
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - FNAC DARTY SA ::IN AN UNPRECEDENTED CONTEXT OF « YELLOW VEST » PROTESTS, FNAC DARTY REPORTS A LOSS OF SALES ESTIMATED AT AROUND 45 MILLION EUROS.THIS IMPACT ON END OF YEAR SALES SHOULD WEIGH CORRELATIVELY ON THE CURRENT OPERATING INCOME GROWTH EXPECTED FOR 2018.GROUP CONFIRMS MID-TERM OBJECTIVES OF HIGHER GROWTH THAN ITS MARKETS, AND A CURRENT OPERATING MARGIN BETWEEN 4.5% AND 5% OF SALES.GROUP REAFFIRMS ITS OBJECTIVE OF €130M OF SYNERGIES DEPLOYED AT THE END OF 2018.  Full Article

Fnac Darty Q3 Revenue Down At EUR 1.75‍​ Billion
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - FNAC DARTY SA ::Q3 REVENUE EUR 1.75‍​ BILLION, DOWN 2.2% IN PUBLISHED DATA, DOWN 2.3% IN COMPARABLE DATA.CONFIRMS OBJECTIVE OF 70 SHOP OPENINGS IN 2018.CONFIRMS OBJECTIVE OF EUR 130 MILLION SYNERGIES BY END OF 2018 FROM INTEGRATION OF DARTY.CONFIRMS MID-TERM OBJECTIVES OF GROWTH STRONGER THAN ITS MARKET AND CURRENT OPERATING MARGIN OF BETWEEN 4.5% AND 5%.LAUNCHES SHARE BUY BACK PROGRAMME LIMITED TO 535,000 SHARES, I.E. ABOUT 2% OF CAPITAL.BUY-BACK OPERATION REALIZED AT PRICE WHICH CAN'T EXCEED EUR 130 PER SHARE.  Full Article

Fnac Darty H1 Current Operating Income Up at 46 Million Euros
Wednesday, 25 Jul 2018 

July 25 (Reuters) - FNAC DARTY SA ::H1 CURRENT OPERATING INCOME EUR 46‍​ MILLION VERSUS EUR 34 MILLION YEAR AGO.H1 REVENUE EUR 3.20 ‍​ BILLION VERSUS EUR 3.22 BILLION YEAR AGO.H1 FREE CASH FLOW FROM OPERATIONS NEGATIVE EUR 305 ‍​ MILLION VERSUS NEGATIVE EUR 265 MILLION YEAR AGO.CONFIRMS END 2018 SYNERGIES OBJECTIVE OF EUR 130 MILLION.CONFIRMS MID-TERM OBJECTIVES WITH CURRENT OPERATING MARGIN OF 4.5 PERCENT-5 PERCENT.  Full Article

Fnac Darty Teams Up With Wehkamp In The Netherlands
Wednesday, 4 Jul 2018 

July 4 (Reuters) - FNAC DARTY SA ::TEAMS UP WITH WEHKAMP IN THE NETHERLANDS.CONTINUES ITS PARTNERSHIP STRATEGY IN CONNECTION WITH THE CONFIANCE + PLAN.AGREEMENT WILL COME INTO EFFECT AT THE END OF OCTOBER 2018,.EXCLUSIVE AGREEMENT BETWEEN BCC, ITS DUTCH SUBSIDIARY AND DUTCH ONLINE RETAILER WEHKAMP..BCC WILL MAKE ITS ENTIRE PRODUCT LINE AVAILABLE TO WEHKAMP AND MANAGE PURCHASING (ELECTRONICS AND APPLIANCES) FOR BOTH BRANDS.COOPERATION WILL ALLOW BOTH PLAYERS TO STRENGTHEN THEIR POSITIONS IN THE NETHERLANDS.  Full Article

Ceconomy CEO says to keep driving consolidation
Thursday, 17 May 2018 

May 17 (Reuters) - Ceconomy ::CECONOMY CEO SAYS WILL CONTINUE TO DRIVE CONSOLIDATION ON LOCAL, REGIONAL AND INTERNATIONAL LEVEL.CECONOMY CEO SAYS NO NEW INFORMATION ON SEARCH FOR SOLUTION FOR RUSSIAN BUSINESS.CECONOMY CFO SAYS CANNOT RULE OUT NEED FOR FUTURE ADJUSTMENTS DUE TO SHARE DEVELOPMENT OF METRO STAKE.CECONOMY CFO SAYS EXPECTS TO SEE CONTINUING IMPROVEMENTS TO EBIT IN Q3 AND Q4; WORLD CUP SHOULD ALSO HELP.CECONOMY CEO SAYS NO CONNECTION BETWEEN STAKE IN FNAC-DARTY AND NEW ALLIANCE.CECONOMY CEO SAYS ALLIANCE WITH FNAC DARTY NOT JUST ANSWER TO AMAZON, BUT ALSO TO SIZE OF GOOGLE, APPLE.CECONOMY CEO SAYS WAITING TO HEAR WHETHER DIXONS CARPHONE INTERESTED IN JOINING ALLIANCE WITH FNAC DARTY.  Full Article

Fnac Darty Renegotiates Its 600 Million Euros Credit Facilities
Wednesday, 18 Apr 2018 

April 18 (Reuters) - FNAC DARTY SA ::REG-FNAC DARTY RENEGOTIATES ITS €600M CREDIT FACILITIES.FINAL MATURITY FOR EUR 200M TERM LOAN WILL BE EXTENDED BY TWO YEARS, TO APRIL 2023.MATURITY FOR EUR 400M REVOLVING CREDIT FACILITY WILL ALSO BE EXTENDED TO APRIL 2023.REDEMPTION SCHEDULE ALSO POSTPONED BY TWO YEARS.BREDIN PRAT WAS LEGAL COUNSEL FOR FNAC DARTY ON THIS TRANSACTION.  Full Article

Fnac Darty shares placed at price of 91 euros/share
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Fnac Darty ::* SocGen said it had placed 2.9 mln Fnac Darty shares at a price of 91 euros/share.* Price represents discount of around 9.5 pct to Fnac Darty's closing price of 100.50 euros on Jan. 16.* Share placement worth around 268 mln euros.* SocGen said deal aimed at protecting value of Vivendi's 11.1% stake in Fnac Darty .  Full Article

Societe Generale Launches Placement Of 2.9 Million Fnac Darty Shares
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - SOCIETE GENERALE ::LAUNCHES A PLACEMENT OF FNAC DARTY SHARES.PLACEMENT OF 2,944,651 FNAC DARTY SHARES BY WAY OF AN ACCELERATED BOOKBUILT PRIVATE PLACEMENT TO INSTITUTIONAL INVESTORS.IS CONDUCTED BY SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING ACTING AS SOLE BOOKRUNNER..IN CONNECTION WITH THE ENTRY INTO A DERIVATIVE TRANSACTION WITH VIVENDI IN ORDER TO PROTECT THE VALUE OF VIVENDI’S C. 11.1% STAKE IN FNAC DARTY.‍​.  Full Article

Ceconomy CEO says believes can recover quickly in Italy
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Ceconomy Ag ::CECONOMY CEO SAYS BELIEVES CAN RECOVER VERY QUICKLY IN ITALY AFTER NEW MANAGEMENT INSTALLED.CECONOMY CEO SAYS AFTER TAKING STAKE IN FNAC DARTY, IS A GREAT POSITION TO LOOK AT FURTHER CONSOLIDATION OPPORTUNITIES IN EUROPE.CECONOMY CEO SAYS TAKES GERMAN INVESTIGATIONS VERY SERIOUSLY, BELIEVES COMMUNICATION ON DEMERGER WAS IN LINE WITH LAW.CECONOMY SAYS ANNUAL ACCOUNTS OF MEDIA-SATURN NOT YET FINALISED, DIVIDEND AUTOMATICALLY PAID WHEN FINAL.CECONOMY SAYS WILL LEAVE RUSSIA AND SWEDEN IF CANNOT TAKE LEADING POSITION THERE.  Full Article

UPDATE 1-Retailer FNAC Darty confirms medium-term targets as 2018 profits rise

PARIS, Feb 20 French electronics goods retailer FNAC Darty, which like many in its sector has been impacted by the country's "Yellow Vests" protests, reported higher profits and confirmed targets for stronger margins and outperforming its market.