Fnac Darty : upgraded to « positive outlook » by Standard & Poor’s – Credit rating at BB affirmed
April 26, 2018 at 01:34 pm EDT
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Ivry, April 26, 2018
Fnac Darty upgraded to « positive outlook » by Standard & Poor's
Credit rating at BB affirmed
Standard & Poor's upgraded Fnac Darty's outlook to positive, compared to stable previously, and affirmed the Group's credit rating at BB.
This favorable outlook relies on the strength of operational performances, the rapid progression of the Fnac Darty integration and a well-controlled financial policy.
Jean-Brieuc Le Tinier, Fnac Darty CFO, stated:
"In the retail industry, in which all players face major transformations of their models, the upgrade of Fnac Darty outlook from stable to positive reflects both the soundness of the Group's omnichannel model and the improvement of its operational profile".
Fnac Darty SA published this content on 26 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2018 17:33:01 UTC
Fnac Darty is No. 1 in France for distribution of cultural and leisure products. The group's activity is organized into 4 divisions:
- distribution of cultural and IT products and consumer electronics: books, toys, gaming consoles, music CDs, telephones, IT products (computers, tablets, peripherals, software, etc.), hi-fi products (televisions, stereo systems, DVD readers and recorders), cameras and video recorders, MP3 players, DVD films, household appliances, etc. The company operates through a network of stores (owned nearly 1,000 points of sale as of the end of 2023 worldwide) and via the Internet;
- sales of photo developing services;
- distribution of event tickets: concerts, theater productions, operas, expositions, circuses, museums, etc.;
- travel sales (Fnac Voyages).
Net sales are distributed geographically as follows: France and Switzerland (82.7%), Iberian Peninsula (9.3%), Belgium and Luxembourg (8%).
FNAC DARTY 
