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Fnac Darty: Fnac Darty: 2025 full-year results
Globenewswire· 2026-02-25 16:45
Ivry-sur-Seine, February 25, 2026, 5:45 p.m. CET LFL REVENUE1 UP +0.7% DRIVEN BY SERVICESGROSS MARGIN RATE INCREASE (+50 bps)2025 CURRENT OPERATING MARGIN OF 2.0%2PROPOSED DIVIDEND OF €1.00 PER SHARE3BEYOND EVERYDAY 2030 TARGETS CONFIRMED 2025 full-year revenue of €10,330m, up +0.7% LFL1 compared to 2024 restated2Online business up by nearly 6%, with a Click & Collect rate close to 50% Gross margin at 28.0%, up 50 basis points compared to 2024 restated2Current operating income of €203m, representing an ope ...
Fnac Darty: Number of shares and voting rights as of January, 31 2026
Globenewswire· 2026-02-02 16:45
Ivry-sur-Seine – France, February 2, 2026 Regulated information INFORMATION ON THE TOTAL NUMBER OF SHARES AND VOTING RIGHTS Statement in compliance with article L. 233-8 II of the French commercial code and article 223- 16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des marchés financiers) Stock MarketEuronext ParisISIN CodeFR0011476928Date Total number of shares composing the share capital of the companyTotal number of gross voting rights Total number of net voting ...
EP Group plans tender offer for Fnac Darty shares and bonds
Yahoo Finance· 2026-01-27 11:11
Core Viewpoint - EP Group plans to launch a voluntary cash tender offer for French retailer Fnac Darty, aiming to become the majority shareholder by the end of Q1 2026, with the offer supported by Fnac Darty's board [1][4]. Group 1: Tender Offer Details - The tender offer will include all shares and convertible bonds (OCEANEs) not already held by EP Group, with a set price of €36 ($42.72) per share and €81.09 per OCEANE, which includes accrued interest [2]. - The offer represents a premium of 19% over the closing price on January 23, 2026, 24% over the one-month volume-weighted average price, and 26% over the three-month VWAP, valuing Fnac Darty's equity at €1.1 billion [3]. Group 2: Strategic Intent and Management - EP Group's chairman and CEO, Daniel Kretinsky, emphasized the strength of Fnac Darty's omnichannel model and the importance of its 'Beyond Everyday' strategy, indicating a long-term commitment to the company [4]. - The company will maintain its registered office and management in France, keep the current leadership team, and adjust the board's composition to reflect the new ownership structure while maintaining its existing dividend policy [5]. Group 3: Regulatory and Financial Considerations - The transaction is subject to regulatory clearances, employee consultations, and a statutory threshold of over 50% of capital or voting rights, along with review by France's Financial Markets Authority [6]. - The deal is fully financed, with backstop facilities in place to cover any early debt repayment triggered by change-of-control clauses [5].
Fnac Darty Shares Jump on $1.25 Billion Kretinsky Takeover Proposal
WSJ· 2026-01-26 09:15
Core Viewpoint - The offer from billionaire Daniel Kretinsky's EP Group is €36 per share, representing a 19% premium over the closing price on Friday [1] Company Summary - The proposed acquisition price of €36 per share indicates a significant premium, which may attract shareholder interest [1] - The offer reflects EP Group's strategic intent to enhance its portfolio through this acquisition [1] Industry Summary - The acquisition bid highlights ongoing consolidation trends within the industry, as larger players seek to expand their market presence [1] - The premium offered suggests competitive bidding dynamics in the current market environment [1]
Kretinsky's EP Group offers buyout of French retailer Fnac Darty
Reuters· 2026-01-26 07:32
Group 1 - Czech investor Daniel Kretinsky's EP Group plans to launch a voluntary offer to take control of French retailer Fnac Darty [1] - The valuation of Fnac Darty is set at 1.1 billion euros, equivalent to approximately 1.3 billion dollars [1]
EP Group's proposed takeover bid for Fnac Darty at a price of €36 per share, in cash
Globenewswire· 2026-01-26 06:30
Core Viewpoint - EP Group has proposed a public tender offer for Fnac Darty shares at a price of €36 per share, which includes a dividend for the 2025 financial year, and €81.09 per OCEANE [2][8] Offer Details - The offer is set to be filed with the Autorité des marchés financiers (AMF) before the end of Q1 2026, subject to regulatory approvals and employee consultations [4][9] - The offer does not require a success threshold beyond achieving more than 50% of the share capital or voting rights [3] Board Reception - The Board of Directors of Fnac Darty has unanimously welcomed the offer, noting it provides a liquidity opportunity for shareholders at a premium of 19% over the last closing share price prior to the announcement [6][7] - The Board intends to maintain the current management team and headquarters in France, while also planning to adjust the Board's composition post-offer [5][13] Financial Implications - The proposed price of €36 per share represents a premium of 19% over the last closing share price, and 24% and 26% over the 1- and 3-month volume-weighted average share prices [6][8] - The offer price for OCEANEs is set at €81.09, reflecting their par value plus accrued interest [21] Independent Review - An independent expert, Ledouble, has been appointed to assess the fairness of the financial conditions of the offer, with a reasoned opinion from the Board to follow [11][12]
Fnac Darty: 2025 preliminary unaudited results
Globenewswire· 2026-01-26 06:30
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]
Fnac Darty: 2025 preliminary unaudited results
Globenewswire· 2026-01-26 06:30
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, but Fnac Darty has managed to outperform the market due to its omnichannel and service-oriented strategy [3] - The Group's revenue for 2025 is projected to be stable at €10,330 million, with a slight increase in current operating income expected to reach €203.1 million [5][9] 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% [10] - The current operating margin is anticipated to reach 2.0% by the end of December 2025, reflecting an increase of approximately 5 basis points [6][10] - Free Cash Flow is projected to be around €145 million, consistent with 2024 figures excluding asset disposals [6][9] Strategic Developments - The Group is actively seeking a partner for Nature & Découvertes to better support its development, with a reclassification in financial statements as of December 31, 2025, in accordance with IFRS 5 [4][9] - The strategic roadmap, known as the Beyond everyday plan, is being implemented with confidence, and objectives for 2030 have been reaffirmed [7] - The audited annual results for 2025 are scheduled to be published on February 25, 2026, after market close [7][13]
Fnac Darty: December 2025 - Half-yearly report on liquidity contract
Globenewswire· 2026-01-07 16:45
Core Insights - The liquidity contract between Fnac Darty and BNP Paribas was established on February 1, 2024, to manage liquidity effectively [2] - As of December 31, 2025, the liquidity account showed significant trading activity, with a total of 253,841 shares bought for €7,526,996 and 261,086 shares sold for €7,741,440 [4] - The first half of 2025 also demonstrated active trading, with 287,888 shares bought for €8,369,072 and 335,778 shares sold for €9,963,241 [5] Summary of Liquidity Activities - The liquidity account had 39,484 shares valued at €745,697 as of the end of 2025 [4] - A notable withdrawal of €3.3 million occurred on June 25, 2025, impacting the liquidity position [5] - The total number of transactions in the second half of 2025 included 1,667 for purchases and 1,466 for sales, indicating a robust trading environment [4]
Fnac Darty: Number of shares and voting rights as of December, 31 2025
Globenewswire· 2026-01-05 16:45
Core Points - The total number of shares composing the company's capital as of December 31, 2025, is 29,682,146 shares [2] - The total number of gross voting rights is also 29,682,146, while the total number of net voting rights, after deduction of shares deprived of voting rights, is 29,102,696 [2] - The company requires any individual or entity holding 3% or more of the company's capital or voting rights to inform the company within a specified timeframe [2] Additional Information - The company decided not to grant any double voting rights as per the resolution from the General Meeting held on May 29, 2015 [3] - Contact information for analysts and investors is provided, indicating a channel for further inquiries [4]