MR BRICOLAGE : Turnover for the first nine months of 2009

Turnover for the first nine months of 2009: +3.3% Directly-owned stores: +9.0%
Q309 turnover: +2.5% Directly-owned stores: +9.4%

+------------------------------------------+----------+------------+----------------------------+
|      In E million (at current scope)     |  30.09.09|    30.09.08|  Change 30.09.09 / 30.09.08|
+------------------------------------------+----------+------------+----------------------------+
|  Directly-owned stores                   |     263.4|       241.7|                       +9.0%|
+------------------------------------------+----------+------------+----------------------------+
|  Network services                        |     149.0|       157.5|                       -5.4%|
+------------------------------------------+----------+------------+----------------------------+
|  Sales of goods                          |     100.6|       104.1|                       -3.4%|
+------------------------------------------+----------+------------+----------------------------+
|  o.w. promotional sales (2)              |      40.7|        38.9|                       +4.7%|
+------------------------------------------+----------+------------+----------------------------+
|  Sales of services                       |      48.4|        53.4|                       -9.4%|
+------------------------------------------+----------+------------+----------------------------+
|  Total turnover, excluding tax           |     412.3|       399.2|                       +3.3%|
+------------------------------------------+----------+------------+----------------------------+
|  Turnover excluding promotional sales (2)|     371.7|       360.4|                       +3.1%|
+------------------------------------------+----------+------------+----------------------------+

- Directly-owned stores: sales hold up well

The strategy for maintaining sales made it possible to limit the fall-off in store visits and especially to increase the average basket size since the beginning of the year. Over the first nine months, turnover at Directly-owned stores was up +9.0% at current surface area and +0.3% on a like-for-like store basis, in a market that was down -3.4% over the same period(1).

In Q3, turnover amounted to E95.6 million (+9.4% at current surface area and +0.6% on a like-for-like store basis).

The eight acquisitions and two transfers in the first half, the reopening of the Niort site (July) and the transfer of the Abbeville and Ruffec stores (August) helped drive sales over the first nine months and in Q3.

As of 30 September 2009, there were thus 82 Directly-owned stores operating under the Mr.Bricolage brand in France, covering some 338,808 m², excluding the acquisitions agreed on 30 September 2009.

- Network services: E149.0 million, -5.4% over the first nine months

The fall-off in turnover at Network services was mainly due to the lower sales of services (-9.4%) as a result of the contraction in store purchasing bases.

Promotional sales(2) rose thanks to the sourcing decision for 2009 (sales passing through the outsourced logistics platforms up 4.7% over the period), including an increase in volumes with our partners outside mainland France.

Brand networks: E1,427.7 million, -0.5% (at current surface area)

In E million - Turnover, including tax 30.09.09 Change at current surface area

Total network turnover 1,427.7 -0.5%

- of which Mr Bricolage network 1,339.3 +0.0%

- of which Catena network 88.4 -8.2%

Over the nine months, there were ten openings, eleven enlargements and five switches from Catena to Mr.Bricolage: there are now 524 stores covering over 1,390,000 m². At the end of September 2009, the 430 Mr.Bricolage stores and the 94 Catena stores respectively operated total retail space of 1,297,300 m² and 93,200 m².

France

In mainland France, against the background of a DIY market that was down -3.4% in value terms over the first nine months (1), turnover including tax on a like-for-like store basis was down -1.4% at the Mr.Bricolage network and -0.9% at the Catena network.

In French overseas departments and territories, sales at the 19 outlets stabilised and over the first nine months as a whole were up slightly (+1.0% at current surface area).

International

The 51 Mr.Bricolage stores operating in nine countries generated nine-monthly turnover including tax of E144.4 million, up +1.9% at current surface area. Nevertheless, on a like-for-like store basis, international sales were down -7.5% over the first nine months due to the marked slowdown in Eastern Europe (-16.3%).

Mr Bricolage has become no. 3 in DIY in France following the acquisition of the "Briconautes" group

Mr Bricolage SA would like to remind readers that the consolidated figures as of 30 September do not include the acquisitions announced on 1 October:

- the acquisition of the "Briconautes" group, including the Le Club central services unit, sixteen directly-owned stores operating under the Les Briconautes brand and the real estate at ten of these sites;

- the acquisition of two Mr Bricolage branded stores (La Roche sur Yon and Cholet).

And the disposal of Seguin, a warehouse for third parties located in Sourdeval, had no impact on consolidated turnover as of 30 September 2009.

Evolution of the financial structure

The Group's net debt at 30 September 2009 amounted to E182.0 million compared to E127.9 million at 30 June 2009.This change is mainly due to the financing of the acquisition of 2 Mr Bricolage branded stores on 30 September, including debt, and the payout of 2009 end-of-year rebates to the networks as of Q3 2009.

Mr Bricolage launches its new corporate website: www.mr-bricolage.com

Mr Bricolage SA announces the official launch of its new corporate website www.mr-bricolage.com, which is a real multimedia platform to inform Group contacts: employees, investors, shareholders... This new website offers besides a web TV, an IPhone version and a blog www.blog.mr-bricolage.com.

+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|  Consolidated turnover (E million, excluding tax)|    Q1  |        |           |    Q2  |        |          |  Q3|        |        |           | ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|  At current scope                                |        |        |           |        |        |          |    |        |        |           | ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|                                                  |        |        |           |        |        |          |    |        |        |           | ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|                                                  |    2009|    2008|  % Change |    2009|    2008|  % Change|    |    2009|    2008|  % Change | ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|                                                  |        |        |           |        |        |          |    |        |        |           | ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|  Directly-owned stores                           |    77.3|    70.8|      +9.1%|    90.5|    83.5|     +8.4%|    |    95.6|    87.4|      +9.4%| ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|    Network services                              |    55.4|    53.3|      +3.9%|    46.3|    52.2|    -11.4%|    |    47.2|    51.9|      -9.0%| ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|  Sales of goods                                  |    39.1|    36.8|      +6.3%|    30.6|    34.5|    -11.2%|    |    30.9|    32.8|      -6.0%| ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|  o.w. promotional sales 2                        |    19.6|    16.8|     +16.6%|    10.7|    11.8|     -9.3%|    |    10.4|    10.3|      +1.3%| ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|  Sales of services                               |    16.3|    16.6|      -1.5%|    15.7|    17.8|    -11.6%|    |    16.4|    19.1|     -14.2%| ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|  Total turnover, excluding tax                   |   132.7|   124.2|      +6.9%|   136.8|   135.8|     +0.8%|    |   142.8|   139.3|      +2.5%| ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++
|  Turnover excluding promotional sales 2          |   113.1|   107.4|     +5.3 %|   126.2|   124.0|     +1.7%|    |   132.4|   129.0|      +2.6%| ||
+--------------------------------------------------+--------+--------+-----------+--------+--------+----------+----+--------+--------+-----------+-++

(1) Source: Banque de France

(2) Promotional sales are sales of goods passing through the outsourced logistics platforms.

Copyright Hugin

The appendixes relating to the press release are available on:
http://www.hugingroup.com/documents_ir/PJ/CO/2009/159420_88_GKBN_CPMBSACA3T09VENG.pdf

Information réglementée :
Type : Nouvelle information
Thème(s):
Communiqués au titre de l'obligation d'information permanente - Communiqué sur comptes, résultats, chiffres d'affaires

This announcement is originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

[CN#159420]

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