Fnac Darty: 2025 preliminary unaudited results

Core Insights - EP Group, controlled by Daniel Křetínský, has proposed a public tender offer for the outstanding shares and OCEANEs of Fnac Darty [2] - The retail sector in France is facing significant challenges, with a decline in activity observed in December, particularly in stores, although Fnac Darty has managed to outperform the market due to its omnichannel strategy [3] - The Group's revenue for 2025 is projected to be stable at €10,330 million, with current operating income expected to rise slightly to €203.1 million [5][10] Financial Performance - The estimated revenue for 2025 is expected to show a +0.7% increase year-on-year, with France contributing +0.5% and the rest of Europe +1.1% [12] - Current operating income is anticipated to reach €203 million, reflecting a slight increase, while the current operating margin is projected to be 2.0%, up by approximately 5 basis points [6][10] - Free Cash Flow is estimated to be around €145 million, consistent with 2024 figures excluding asset disposals [6][10] Strategic Developments - The Group is actively seeking a partner for Nature & Découvertes to better support its development, with a reclassification to IFRS 5 planned for the consolidated financial statements as of December 31, 2025 [4][10] - The strategic roadmap, known as the Beyond everyday plan, is expected to be implemented effectively, with objectives for 2030 confirmed [7] - The audited annual results for 2025 will be published on February 25, 2026, after market close [7][10]