Fnac Darty Sa Ord (GRUPF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening. Welcome to the conference call to present first quarter revenues for 2025 for FNAC Darty. Mr. Jean-Brieuc Le Tignier, who is the CFO, will be moderating the call. Sir, over to you. Thank you. Good evening to you all. Thanks for joining us on this call for presenting The business for Q1 2025. I'm joined this evening by investor relations, Dominique Thielviel and Laurent Parizeau. I'll present our results and we'll take our questions. Slide three, I'll give you some information regarding our reporting. Acquisition of UniEuro gives new European dimension to our group. We wanted to adapt our financial information accordingly. As of today, we're releasing according to the two following geographies. France, 60% of group sales, and rest of Europe that represents 40%. That includes Italy, Belgium, Portugal, Spain, and Switzerland. The detail of restatements... to be found at Annex of the Press release already available on our website. And lastly, and as stated to the contrary, in order to better reflect the business performance of our activities, we're going to comment like for like on a pro forma basis, as if you knew you had been consolidated in our account since the 1st of January 2024. And there's some major scope effects linked to store closures, either definitively Champs-Élysées in France or temporary for two stores in Spain for renovation and works. Lastly, I'd like to re-detail with you the impacts on our P&L of the integration of Uni-Europe. And the deconsolidation of ticketing, starting with UniEuro, 100% of the UniEuro P&L will be consolidated in the FNAC Dati P&L. The minority interest you'll see in the group P&L as of June 30th will essentially represent 49% of net income UniEuro coming to our co-investor, Ruby Equity Investments, the impact on 20...