Mr Bricolage penalized by the drop in work

Over the first six months of 2024, the group saw its consolidated turnover decrease by 7,2%, to 151,7 million euros. Almost all of its business volume was carried out in stores on French territory, 15% in international stores and only 0,62% on the internet.

The net profit of the group, which brings together the Mr. Bricolage and Les Briconautes brands, plunged by 35,1%, going from 13,1 million euros in the first half of 2023 to 8,5 million this year.

“The group continues to face the slowdown in household consumption, which particularly concerns the most important renovation and beautification projects, and the sharp decline in the construction market,” indicated Mr. Bricolage in its communicated.

To this was "added unfavorable weather for our sector", argues the group's general director, Christophe Mistou, quoted in the press release.

The situation of Mr Bricolage nevertheless remains more favorable than before the health crisis, which greatly benefited the development and DIY markets: in the first half of 2019, the group was in the red, with a loss of 8,7 million euros.

However, Mr. Bricolage remains cautious. “In this context” of sluggish consumption, “vigilance is focused on the good financial health of the group and the management of expenses”, it is stated in the press release.

Mr. Bricolage's net financial debt has in fact been halved in six months, now standing at 6,9 million euros. Cash flow also improved (+20,9%) over the same period.

For the rest of the year, Mr. Bricolage, which has 1.013 member or affiliated stores on French territory and 78 in 11 foreign countries, plans to finalize the deployment of its "1Plan" strategic plan, in order to "anchor the group in a responsible growth strategy".