Fnac Darty Sa Ord (GRUPF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to FNAC Darty conference call. Mr. Enrique Martinez, CEO of FNAC Darty, and Jean-Brieuc Le Tinier, CFO, World Moderate, this call. The floor is yours. Good evening, everyone. We are pleased to be with you tonight to comment our 2026 half-year results. Particularly in France, over the past few years, we've experienced several early heat waves of unexpected intensity. These episodes had an impact on many of us and naturally on our customers, and I wanted to start by acknowledging the extraordinary dedication of our team during these exceptional weeks, especially our purchasing logistics store teams and our home service technicians who intervene on products affected by the extreme heat. Everyone across the group worked tirelessly to step up and help our customers cope with these extreme temperatures. Right, the agenda. I'm going to present the highlights of the first half of 2026, then Jean-Brieuc Le Tinier, our Chief Financial Officer, will detail our financial results, and finally I will return for the conclusion. And both of us will be available to answer your questions. Slide number four. The highlights of H1. Our revenue grew by 0.6% on a like-for-like basis. This growth was Transcription by CastingWords This has yielded significant effect on our gross margin rate, which expanded by 40 basic points to reach 29%. The growth of our service business remains the key engine for growth, and services are contributing very positively to improving this metric. Finally, as you already know, our main shareholder, EP Group, announced a tender offer for our company at the beginning of the year. After obtaining the required regulatory approvals, notably clearance from the AMF, the offer has been open since May the 12th. Subject to receiving merger cont...