MR BRICOLAGE (EPA:ALMRB) - FULL YEAR 2010 TURNOVER: +3.2%

Transparency directive : regulatory news

15/02/2011 17:51

PRESS RELEASE
15 February 2011

                            FY 2010 turnover: +3.2%
                            Q4 2010 Turnover: +0.6%

Mr Bricolage SA has posted consolidated turnover for 2010 of EUR564.7 million,
up by 3.2% over 2009, with business slightly up in the fourth quarter despite
unfavourable weather conditions.

The Group's growth, which was mainly driven by business at directly-owned stores
(+8.1% at current surface area), the acquisition of the Briconautes central unit
and the purchasing synergies created, makes it possible to confirm the target of
improving operating profitability in 2010.

                                                   Change
                        31.12.10      31.12.09    31.12.10 /   31.12.10
In EUR million         Published(1) Published(1)  31.12.09    MB scope(2)

Directly-owned stores     387.6        358.4        +8.1%        372.7
Network Services          177.1        189.1        -6.3%        158.7
Sales of goods(3)         107.5        126.0       -14.7%        100.6
Sales of services          69.6         62.5       +11.4%         58.0

Total turnover,
excluding tax             564.7        547.5        +3.2%        531.4

(1) Published: including Briconautes Group from 01.10.09
(2) MB scope: scope of consolidation excluding the Briconautes Group, which was
acquired on 01.10.09
(3) The sale of goods mainly comprises goods sold to stores via the
directly-owned (Voivres and Cahors) or outsourced logistics platforms.

The yearly consolidated figures are being audited.

Directly-owned stores: turnover up by +8.1%

In 2010, turnover from directly-owned stores increased by 8.1% at current
surface area, and declined by 1.6% on a like-for-like store basis.

Mr. Bricolage scope of consolidation

Over the whole year, turnover was up 5.0% at Mr. Bricolage directly-owned
stores, on the back of the full effect of the 11 acquisitions and three
transfers or expansions carried out in 2009, as well as the expansion of the
Saint Dié store in 2010.

On a like-for-like store basis, annual growth was down by 1.6%, with the snowy
weather having a particular impact on the fourth quarter (-4.5%).

During the fourth quarter, as announced, the Group opened a new directly-owned
Mr. Bricolage store at Le Quesnoy (4,000 m2) on 20 October, and re-opened two
stores which had been temporarily closed, located in Arçonnay (3,500 m2) and
Trans-en-Provence (1,500 m2), on 10 November.

Briconautes scope of consolidation
Directly-owned stores in this scope of consolidation contributed EUR14.9 million
to consolidated turnover in 2010, of which EUR3.6 million in the fourth quarter.

At the end of December 2010, there were 88 directly-owned stores in France,
comprising 84 Mr.Bricolage stores (349,390 m2) and four Briconautes stores
(17,900 m2).

Network Services: achievement of purchasing synergies reinforcing the operating
profitability objective of at least 15%

Business at Network Services was up by 12.8% in the fourth quarter, benefiting
fully from the synergies created by integration of the Briconautes central unit.

Over the full year 2010, turnover from Network Services totalled EUR177.1
million, compared with EUR189.1 million in 2009.
This decline was primarily due to the changes in the scope of consolidation
which took place in 2009:
-  on 30 September 2009, the disposal of Seguin and of third-party trading
   activities (turnover of EUR14.6 million posted in 2009);
-  transfers from the Catena network to the Mr. Bricolage network (38 stores at
   31 December 2010), with a significant impact on logistics sales, down by
   approximately EUR10 million in 2010.

At the same time, the 11.4% increase in services, representing EUR7.1 million,
was due primarily to the contribution of the Briconautes central purchasing
unit.

             * Briconautes scope of consolidation
Integration of the Briconautes central purchasing unit contributed EUR14.9
million to the consolidated turnover of Network Services at 31 December 2010.
This turnover consists of sales of goods (EUR6.8 million) and services
(EUR11.6 million). The fourth quarter was up by +8.6%.

Retail networks: Turnover including tax of EUR2.1 billion

In EUR million - Turnover including tax   31.12.10  31.12.09    Change
                                                             (at current
                                                             surface area)
Total network turnover                     2,057.2   1,888.2      NC
- Mr. Bricolage network                    1,703.4   1,773.0     -3.9%
- Catena network                              71.4     115.2    -38.0%
- Briconautes network                        282.4       NC       NC

This table does not include the figures for the Les Briconautes and Les
Jardinautes networks for 2009, or the figures of the 252 affiliates which do not
belong to a group network.

This year, 14 new stores have opened and 18 stores have been expanded, while
three stores that previously traded as Briconautes and 30 stores that previously
traded as Catena have been rebranded under the Mr. Bricolage name: the Group now
has 654 stores occupying more than 1,619,000 m2. At end-December 2010, the 446
Mr. Bricolage stores, 55 Catena stores and 153 Briconautes stores operated total
retail space of 1,306,000 m2, 43,000 m2 and 270,000 m2 respectively.

France

In mainland France, on a like-for-like store basis, turnover including tax was
down for the Mr. Bricolage network (-0.4%), the Briconautes network (-0.9%,
panel) and the Catena network (-4.3%), in a market that was slightly up (+0.5%
Banque de France cumulative index in value terms at end December 2010).
In the French overseas departments and territories, sales at the 18 Mr.
Bricolage and Catena outlets were as a whole up over the year by 3.5% at current
surface area and 2.5 % on a like-for-like store basis.

International

Abroad, the 52 Mr. Bricolage stores operating in ten countries posted turnover
including tax of EUR192.5 million, slightly up (+0.7%) at current surface area,
but down 3.0% on a like-for-like store basis.
Business in Eastern Europe improved slightly in the second half (decline of
-14.1% at end-December on a like-for-like store basis, compared with -16.4% at
end-June), while business in other countries continued to grow, particularly in
Belgium and Morocco.

Changes in financial structure
With net debt of EUR175 million at end-December, the Group has a sound financial
structure.
Proceeds in 2010 from scheduled property sales totalled EUR7.5 million from the
disposal of the retail premises in La Roche-sur-Yon, and EUR8.4 million from
completion of the Icade Bricolage operation. Two other disposals were completed
in January 2011 for EUR5.2 million.

ABOUT MR.BRICOLAGE (AS AT 30 SEPTEMBER 2010)

Mr. Bricolage is France's first local DIY retailer (around 600 stores in
France), and has a presence in 10 other countries (52 stores). The group
operates over 1,600,000 m2 of retail space under the Mr. Bricolage, Catena, Les
Briconautes and Les Jardinautes brands. It also has 250 affiliates. With more
than 12,000 employees, the group's networks represent total annual turnover
including tax of some EUR2.1 billion.

Fourth-quarter turnover

In EUR million  (at current scope)            2010     2009    Change

Directly-owned stores                         90.7     95.0     -4.5%
Network Services                              45.3     40.1    +12.8%
Sales of goods                                28.6     25.9    +10.1%
Sales of services                             16.7     14.2    +17.8%
Total consolidated turnover                  136.0    135.1     +0.6%

                 Next press release: 2010 annual results
                     09 March 2011, after market close

Investor and shareholder contacts

Mr.Bricolage SA               ACTIFIN                Contact presse
Eve JONDEAU                   Nicolas MEUNIER        ACTIFIN
Tél. : 02 38 43 21 88         Tél. : 01 56 88 11 11  Charlène MASSON
eve.jondeau@mrbricolage.fr    nmeunier@actifin.fr    Tél. : 01 56 88 11 11
                                                     cmasson@actifin.fr

                             www.mr-bricolage.com

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