Manutan sales fall in March
| 16 April, 2020
The Manutan Group's reports that business was down -0.3% during Q2 2019/2020, compared to the same period of the previous year.
However, this trend was contrasting. Turnover growth during the first two months of Q2 2019/2020 was +4.4% in gross variation (and +0.1% at constant exchange rates and days, and on a like-for-like basis).
However, the repercussions of the Covid-19 pandemic significantly slowed down business during March 2020 with a -9.3% decrease in gross variation compared to the same month during the previous financial year (and -16.3% at constant exchange rates and days, and on a like-for-like basis).
Growth is down in all the operational areas due to the impact of the fall in business resulting from the Covid-19 pandemic, except for the East area which has been sustained by the strong growth levels registered in Poland. The Local Authorities Division has been especially hit hard by the crisis, since all schools, colleges and other educational facilities have been closed in France.