Manutan's sales growth continues
| 17 April, 2018
The Manutan Group increased turnover by 2.4% compared to the same quarter of the previous year during Q2 2017/2018. Turnover amounted to 170.2 million euros, compared with 166.2 million euros for the same period of the previous financial year.
The North area showed growth of 6.1% in the second quarter mainly in Sweden and Norway. The Centre Area was impacted by the implementation of a new ERP in the second quarter in Netherlands. Nevertheless, the area saw a growth of +2.2%.
Activity in the East area continued with double-digit growth at +13.9% in the second quarter, mainly thanks to Poland and Slovakia.
The main contributors of the growth of turnover in the South area are Manutan France, Italy and Portugal.
The West area registered growth of 5.8% in the second quarter, buoyed by all its markets, despite the economic environment which remains uncertain.
Manutan is established in 17 countries through 25 operating subsidiaries in Europe.