Mr Bricolage last night announced lower annual results for the 2022 financial year, and stated that it was expecting a 'less favorable' market environment this year.

The DIY chain posted sales of 306.5 million euros last year, up 1.3%, against a backdrop of negative sales volume trends and a product mix deemed less favorable.

After a year 2021 described as "exceptional", the Group has forecast EBITDA of 35.5 million euros in 2022, compared with 39.6 million in 2021, down 10.4%.

Its operating margin (EBITDA) is 11.6%, compared with 13.1% in 2021.

The distributor, which had 977 stores on January 1, 2023, stresses that its growth momentum is well underway, with a view to reaching its target of 1,000 points of sale by the end of 2025.

However, in view of the current economic context (rising interest rates, inflation, pressure on raw material prices), the group says it expects a "less favorable" market environment in 2023 than in the previous three years.

Its net financial debt at the end of 2022 will be 24.2 million euros, compared with 40 million euros at the end of 2021.

On the Paris Bourse, the share lost 5.1% mid-morning Thursday, with a market capitalization of 88.3 million euros. The share has still gained 5% since the start of the year, but is down 28% year-on-year.

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