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Thursday 18 February, 2016

Groupe FNAC

Statement re 2015 results

RNS Number : 5046P
Groupe FNAC
18 February 2016
 

FOR IMMEDIATE RELEASE                                                                                       18 February 2016

 

 

Groupe Fnac 2015 results

 

An English translation of Groupe Fnac's ("Fnac" or the "Company") trading statement for the full year ending December 31 2015, released on 17 February 2016, can be found on its website www.groupe-fnac.com.

In addition, for the purposes of Note 1 on Rule 28.1 of the City Code on Takeovers and Mergers, Fnac confirms that the below sentence contained in the statement is a long-term aspirational target and not an indication of the likely level of profits for Fnac for the current financial period or any subsequent financial periods. The sentence below is not a new statement and has been made by Fnac publicly on a number of occasions since its IPO. The assumptions on which this aspirational target is based should also be noted.

"In the longer term, Fnac, on a stand-alone basis and irrespective of the Darty transaction, confirms its current operating profitability target of above 3%, after finalization of the transformation of its business model and under stabilized market and macroeconomic conditions."

 

About Groupe Fnac - www.groupe-fnac.com

 

Groupe FNAC is a leading French retail distributor of entertainment and leisure products (including consumer electronics) and a notable player in several other countries in which it operates (e.g., Spain and Portugal), and also has a number of stores in Brazil, Belgium, Switzerland and Morocco.

 

The International Securities Identification Number for Fnac's ordinary shares is: FR0011476928.


This information is provided by RNS
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