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: Unieuro
Fnac Darty has acquired 91.1% of Unieuro
Fnac Darty has acquired 91.1% of Unieuro, so even the most skeptical shareholders could do nothing against the takeover bid from across the Alps.
Fnac-Unieuro: European Antitrust Authority to decide by December 6
The merger between Unieuro and Fnac Darty was officially notified to the European Commission only on October 31. Brussels officials have opened the ‘case’ M11662 as stated on the website and will communicate their decision by December 6.
Fnac-Darty wants to take over its Italian counterpart Unieuro to strengthen its position in Europe
Fnac-Darty has announced the launch of a project to acquire Unieuro SpA, the leading distributor of electronics and household appliances in Italy. “This project represents a unique opportunity for the Group to strengthen its position as a leader in specialized distribution in Western and Southern Europe, and a key player in the consolidation of the European market,” comments Enrique Martinez, CEO of Fnac-Darty. This merger with Unieuro SpA would create a group with a turnover of over €10 billion, 30,000 employees and over 1,500 stores, a leader in all its geographies. “This transaction is perfectly in line with our project
Unieuro recovers profitability
Unieuro closes its third quarter of 2023 demonstrating that it is able to recover profitability even in the face of an uninspiring sales trend. The adjusted Ebit for the autumn was 11 million with an annual growth of 31.5% showing, as a company note, “a significant acceleration compared to previous quarters, thanks to the careful margin management policy and the significant cost rationalization plan aimed at preserving profitability”.
Sales in the third quarter were in fact down 11% compared to the same period of the previous year. The week of Black Friday and the weeks preceding it were down, resulting in a November, they did not “restore the current year trend of the consumer technology market”.
In the first 9 months, revenues and profits slightly decreased
In the first nine months of the 2023/2024 financial year, Unieuro achieved revenues of 1.9 billion euros, with a decrease of 6% compared to the previous financial year (2 billion). In the third quarter of 2023/24 revenues were 727 million, down 7.8% compared to 788.5 million in the previous year
Unieuro S.p.A. is the largest Italian retailer of consumer electronics and household appliances by number of outlets, with a network of 460 stores throughout Italy
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.
Unieuro invests 60 million to enter the after-sales business
In the “most important acquisition in its history”, the brand acquires 100% of Covercare, a specialist in the repair, refurbishment and installation The price is ’round’: at least 60 million (4.5 immediately, the rest at the closing scheduled for April) plus the cash that will be present in the company plus an earn-out in 2026 with a ceiling of 10 million. But Unieuro felt it had to really go ‘Beyond’ simple retail and enter the refurbished business. It did so by purchasing 100% of Covercare (58 million turnover in 2022), leader in the domestic market of warranty extensions for the repair of mobile phones, portable devices and household appliances, and also active in the installation of air conditioners, boilers and in maintenance
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