Manutan International

TURNOVER 2019/2020 Q1

Gonesse, January 15^th 2020

MANUTAN GROUP

2019/2020 Q1

In thousands of euros	December 31st 2019	December 31st 2018
Turnover like-for-like	191 286	192 612
Contribution of acquired companies*	5 737	0
Total Turnover	197 023	192 612

*Acquisition of Kruizinga finalized in June 2019

During Q1 2019/2020, the Manutan Group's business enjoyed a growth of 2.3% compared to the same quarter of the prior year, including a scope effect of +3.0% related to the acquisition of the Kruizinga company, a +0.2% currency effect and a -1.1% day effect (+0.2% at like-for-like scope, constant exchange rates and number of working days). Turnover amounted to 197.0 million euros, compared with 192.6 million euros for the same quarter of the previous fiscal year.

In terms of its operational areas, the Group’s situation is diverse :

In thousands of euros	December 31st 2019	December 31st 2018
Enterprises	148,959	144,665
South	71,687	70,059
Centre	35,613	30,877
West	26,852	26,709
North	8,995	10,867
Est	5,812	6,153
Local Authorities	48,064	47,947
South	48,064	47,947
TOTAL Group	197,023	192,612

At constant scope, exchange rates and number of working days	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Financial Year
Enterprises	-0.6%				-0.6%
South	3.6%				3.6%
Centre	-2.7%				-2.7%
West	-3.7%				-3.7%
North	-14.3%				-14.3%
Est	-1.1%				-1.1%
Local Authorities	2.8%				2.8%
South	2.8%				2.8%
TOTAL Group	0.2%				0.2%