Fnac Darty reported a 1.6% year-on-year increase in third-quarter sales for 2025, reaching €2.5 billion on a like-for-like basis—assuming Unieuro had already been part of the group in Q3 2024. The actual impact of Unieuro’s integration was far more dramatic, driving a 34.6% surge in total sales.
📈 Regional Highlights:
– France led the charge with a 1.7% uptick, reinforcing its role as the group’s growth engine.
– Rest of Europe saw more modest gains at 1.3%, reflecting mixed market dynamics.
– Spain emerged as a standout performer, posting a 3.9% increase in Q3 and a robust 6.2% rise over the first nine months.
📉 Italy’s Drag:
Despite Unieuro’s contribution to overall growth, Italy was the only market to contract, with turnover dipping 0.6% year-to-date. This suggests localized challenges that may require strategic recalibration.
Fnac Darty’s performance underscores the strategic value of its Unieuro acquisition while highlighting the need for targeted efforts in underperforming regions.
Tag Archives: retail
Russian appliance market
The ongoing global conflict significantly impacted the Russian appliance market in 2022, with a 35% contraction following the departure of major international brands. However, the market demonstrated remarkable agility, nearly fully recovering by year-end as local players filled the void. Production shifted, with some international facilities changing hands while others increased local output, strengthening ties with China.
Despite volatile exchange rates, soaring freight costs, and payment challenges, the Russian MDA/BIA market reached 18.2 million units (5.51 billion EUR) in 2022, fueled by pent-up demand. In 2023, the market saw unit and Ruble growth as conditions somewhat stabilized. However, EUR volume remained flat.
2024 brought increased payment complexities, resolved through intermediaries for China and Ruble payments for Turkey. The market continued its unit growth, maintaining stable EUR volume, showcasing unexpected resilience.
However, 2025 has begun with a sales downturn despite a better exchange rate, potentially due to global political uncertainties.
Despite sanctions, the Russian market has shown surprising stability and modest growth. Gray market imports continue to supply demand for well-known brands, and some major players are considering or have already re-entered the market.
In conclusion, the Russian appliance market has proven surprisingly resilient due to local adaptation, new trade dynamics, and persistent demand met through various channels. While future uncertainty remains, its performance highlights its adaptability
Decline in profitability for Unieuro in the first half
the first half of its fiscal year, which ended on 30 September, Unieuro recorded revenues of 1.23 billion euros, 5% less than in 2022. Profitability suffered more than proportionally: Ebitda was of 2.7 million (2 per thousand of sales) compared to 12 million in the first half of 2022. The net result is a very slight loss.
The company points out that the second quarter went better than the first: “in contrast to the trend recorded in previous quarters, the result of careful management of costs and margins and demonstrates our capacity for resilience in a difficult market” – commented CEO Giancarlo Nicosanti Monterastelli. The net cash of 78.5 million euros, up compared to 71 million at 31 August 2022, will be used to finance the acquisition of Covercare.
Unieuro has revised its outlook for 2023/24. It now expects revenues of 2.7 billion and an Ebit of 35 million euros.
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