will not achieve its cash flow target

(CercleFinance.com) – The Group’s revenue would be around 7,945 million euros in 2022, and would show an estimated decline of -1.2% in published data and -1.9% like-for-like by compared to 2021.

Current Operating Income is estimated at around 230 million euros. Free operating cash flow was slightly negative at around -30 million euros.

“The difference with the free cash flow of the previous year is explained, for about a third, by an EBITDA including non-current elements in decline in connection with the current operating profit for the year” indicates the management.

The Group considers it unlikely to achieve its cumulative free operating cash flow target of approximately €500 million over the 2021-2023 period. Consequently, the Group extends this same objective over the period 2021-2024.

Fnac Darty maintains its ambition to generate free operating cash flow of at least 240 million euros on an annual basis from 2025.

Copyright (c) 2023 CercleFinance.com. All rights reserved.

Leave a Comment

Your email address will not be published. Required fields are marked *