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Big loss for Mr.Bricolage

The Mr.Bricolage group completed the year 2018 with a loss of 137 million euros. Involved, the sale of 65 unprofitable stores.

In December, the group announced its intention to sell its 65 “integrated” stores in order to refocus on the development of its network of affiliated outlets, which has 764 stores. In 2018, these 65 stores made the group lose more than 21 million euros.

In total, consolidated sales amounted to € 456.7 million, down 6% year-on-year. The operating result also recorded a loss of 114 million euros, against a profit of 10.9 million in 2017. Note that the Group’s net financial debt amounted to 96.1 million, compared with 72.5 million in the end of 2017.

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