Macintosh Retail announces higher profit for 2007

30 Jan '08

3 min read

As expected, the second half of 2007 was characterised by unpredictable consumer purchasing behaviour in the markets relevant to Macintosh Retail Group, even more so than during the first half.

Turnover of Macintosh Retail Group was lower in the second half of 2007 than in the same period of 2006. Turnover for the full year 2007 rose by € 6 million to € 920 million.

Turnover of the Living sector went from € 266 million to € 263 million, mainly owing to the planned closure of 7 Kwantum stores in the Walloon region (Belgium) at the end of 2006 and the beginning of 2007.

In the Netherlands, Kwantum's turnover was slightly up compared with 2006 while turnover also rose in the 7 remaining stores in Flanders (Belgium). Turnover of the comparable stores of GP Décors increased, but total turnover was lower than in 2006, due to a decline in the number of stores by 5, on balance.

Turnover in the Fashion sector went from € 327 million to € 339 million due to Scapino's figures for January being consolidated in 2007 (€ 11.7 million). Scapino's turnover was fractionally higher, through organic growth and expansion. Hoogenbosch's store formats realised lower turnover than in the excellent year of 2006.

Turnover of the Automotive & Telecom sector went from € 321 million to € 318 million. In 2007, BelCompany continued to pursue its strategy of opening stores (11 in the Netherlands and 7 in Belgium, on balance), in order to remain the authoritative party in the market. As a result, BelCompany's turnover was only slightly below that realised in 2006 in a declining telecom market. Halfords' turnover was at the same level as that achieved in 2006.

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