In the edition published on 25 March 2010, LSA,LSA, the superstore distribution magazine, dedicated its front page to Mr.Bricolage, not to mention 4 pages to the Mr.Bricolage group. In an interview, Jean-François Boucher described his ambitions for the group and his management background.
The transfer agreement for Le Club group, operating Les Briconautes stores, was recently officially signed.
The scope of the transfer includes the referencing agency Le Club, 14 Integrated Stores operating under the Les Briconautes store name and the property on eight of these sites.
The Competition authority had approved the planned acquisition a few days beforehand.
This acquisition was integrated in the consolidated accounts of Mr.Bricolage SA from 1 October 2009.
This event makes the Mr.Bricolage group the 3rd actor specialised in DIY distribution in France and the leading group of independent operators in the sector. Consolidated turnover generated by sales was equal to approximately 2.2 thousand million euros at end-2009. This represents a market share estimated at 12.4%.
[/ang_en]
Didier Testot, journalist and chief editor for the site www.labourseetlavie.com, interviewed Jean-Francois Boucher on 10 January 2010. Different issues were discussed during this interview: overview for 2009 and prospects for 2010. In addition, the integration of Les Briconautes implies priorities, advantages and synergies between Mr.Bricolage and Briconautes-Jardinautes stores.
To view the video, click here.
Take note: the site www.labourseetlavie.com is a Web TV channel focusing on the economy with video interviews with directors on news relating to companies and Finance.
This operation includes the issue of OBSAAR with pre-emptive rights.
This operation will enable Mr Bricolage S.A. to accompany its development, mainly aiming to contribute to the financing of the recent external growth operations announced by the Group:
- acquisition of the “Briconautes” group, including the referencing agency Le Club, 16 Integrated Stores operating under the Les Briconautes store name and the property on 10 of these sites ;
- acquisition of 2 stores operating under the Mr.Bricolage store name (Cholet and La Roche sur Yon) and the relevant property.
Mr Bricolage S.A. will benefit from low-cost bond financing on a short-term basis, and possible reinforcement of company equity via BSAAR on a long-term basis.
The Group also reiterates that the transfer of Seguin, a third party warehouse located in Sourdeval, completed for an amount of approximately 5 M EUR, and the planned transfer of 2 real estate sites to the Icade group during the 4th quarter of 2009, for an amount of approximately 10 million euros, will also contribute to the financing of the above acquisitions.
This operation was subject to a takeover bid circular approved by the AMF on 20 October 2009 under the number 09-303.
Access the updated Reference document
Update of 23 October: External growth operation and financing
CTurnover over 9 months for 2009: +3.3% with Integrated Stores at +9.0%
Turnover for the 3rd quarter of 2009: +2.5% with Integrated Stores at +9.4%
At 30 September 2009, turnover for Mr Bricolage S.A. represented 412.3 M EUR, up by 3.3%. Figures are good thanks to acquisitions and transfers for Integrated Stores, for which turnover increased by 9.0% for standard shelving. Turnover for comparable Integrated Stores climbed by 0.3%, vs market figures down by 3.4% over the same period.
Mr.Bricolage group head office in Orléans
The Mr.Bricolage group has acquired the Le Club pool and its Briconautes and Jardinautes stores, taking up position as number 3 on the French DIY market. This acquisition also positions the group as number 1 on the independent group hit list.
The group can now boast almost 700 stores including 178 Briconautes and Jardinautes stores, plus the 200 partner sales outlets in the Le Club pool.
Overall market share is estimated as 12.4% with 2.2 thousand million in turnover (source: Unibal 2008).
Half-yearly results were published on 1 September, after the closing of the stock markets.
Prospects for 2009.
For 2009, Mr Bricolage S.A. aims to ensure total consolidated operating profits of 5%, with a significant improvement in operating profit for Integrated stores and a substantial slowdown for Network Service stores.
Consolidated group total: + 3.7%
Integrated Stores only: + 8.7%
Half-yearly turnover for Mr Bricolage S.A. reached €269.5 M, as compared with €260.0 M in the first half of 2008, up by 3.7%. Turnover for Integrated stores climbed by 8.7% over the six-month period, including acquisitions made early on in the year.
In a negative market climate, these stable figures, for similar stores, prove the group’s ability to maintain sales.
An investment fund was created by former franchisees, driven by the enthusiasm of founding pioneers.
The success of the creation or acquisition of our stores currently requires far more capital than was once the case. Many of the candidates aiming to set up their own store do not hold the necessary funds.
Experienced entrepreneurs can provide capital, and much more: support, expertise and credibility with regard third parties (bank managers, suppliers, etc.).
The investment fund is chaired by André Niort, and is managed entirely independently to Mr.Bricolage. The fund makes its own decisions via an Investment committee exclusively consisting of subscribers.
Turnover in the 1st quarter: + 6.9%
Integrated Stores: + 9.1%
Mr Bricolage S.A. generated a turnover of €132.7 M in the 1st quarter of 2009, up 6.9% from the 1st quarter of 2008. This increase is mainly the result of sales by Integrated Stores, up by 9.1% due to acquisitions early in the year. The group has proved excellent resistance to the current market climate as compared with similar stores in mainland France.
