18th Feb 2016 08:06
LONDON (Alliance News) - Darty PLC on Thursday reported growth in sales in the third quarter of its financial year as it performed well in both France and Belgium and the Netherlands over the Christmas and winter period.
The electrical goods retailer said total sales in the three months ended January 31 rose 2.6% on the same period the year before, as sales in France grew 2.8% and sales in Belgium and the Netherlands were up 2.1%.
On a like-for-like basis, which excludes the recently-integrated Mistergooddeal.com business, total sales increased 2.7%, growing 4.4% in France but declining 3.8% in Belgium and the Netherlands.
Darty said it had successful Christmas and winter sale periods, with click and collect up 53%, as all major product categories performed strongly, with the exception of multimedia where the market remained weak.
Net debt was also reduced by nearly EUR100 million on the same quarter the year before, Darty said.
Shares in Darty opened up 1.3% at 100.50 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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