MR BRICOLAGE (EPA:ALMRB) - 9M 2011 Mr Bricolage : + 0,5 %

Transparency directive : regulatory news

09/11/2011 17:56

PRESS RELEASE

                                                            9 November 2011

                               9M 2011 turnover: +0.5%
                                - Q3 turnover: +1.2%

Consolidated turnover posted by Mr Bricolage SA totalled EUR430.8 million at 30
September 2011, a slight increase of 0.5% compared to 30 September 2010. This
increase was mainly attributable to a 4.0% rise in sales at Network Services
during the period, in line with the trend noted during the first half.

(EUR million)                  30.09.11     30.09.10(1)       Change      Q311
                                                            30.09.11/
                                                            30.09.10
Directly-owned Stores            293.5        296.7           -1.1%      100.7
Network Services                 137.3        132.0           +4.0%       42.4
Sales of goods (2)                82.0         78.9           +4.0%       24.6
Sales of services                 55.3         53.1           +4.0%       17.8
Total turnover, excluding tax    430.8        428.8           +0.5%      143.1

(1) Reclassification of SCI Redon in Network Services (previously in
Directly-owned Stores) for a better comparison, since the store is operated by a
member. No impact on total consolidated turnover.
(2) The sale of goods mainly comprises goods sold to stores via the
directly-owned (Voivres and Cahors) or outsourced logistics platforms.

Directly-owned Stores
Turnover was down 1.1% at Directly-owned Stores in the first nine months of the
year taking into account the acquisitions made in the first quarter of 2011 and
the fourth quarter of 2010. On a like-for-like store basis, sales were down
-3.5% (-5.8% in the third quarter).

As at end-June 2011, there were 88 Directly-owned Stores in France, including 86
Mr. Bricolage stores operating 368,400 m2 and two Briconautes stores operating
9,800 m2.

The Mr Bricolage Château-Gontier store (3482 m2), purchased the 1st October
2011, is not included in this figure.

Network Services
Turnover at Network Services totalled EUR137.3 million at 30 September 2011, an
increase of 4.0% compared to 30 September 2010, in terms of both sales of goods
and sales of services. This upturn is the result of both the increase in volumes
passing through the logistics platform (integrated and outsourced) and the
growth in goods purchased by retail networks, driven in particular by the growth
in store-brand products.

Retail networks

In EUR million - Turnover including tax    30.09.11   30.09.10
Total network turnover                      1,523.7    1,352.6
- of which Mr. Bricolage network            1,307.9    1,296.1
- of which Catena network                      31.8       56.5
- of which Les Briconautes network            184.0       na

This table does not include the figures for the 267 affiliates of The Club which
are not part of a Group network.

In the first nine months of the year, 12 new stores opened and 9 stores were
expanded, while 3 stores that previously traded as Briconautes were rebranded
under the Mr. Bricolage name and the plan to transfer Catena stores to Mr.
Bricolage continued (11 stores transferred); the Group now has 645 stores which
occupy over 1,600,000 m2 and posted turnover including tax of EUR1,523.7 million
for the first nine months of 2011. At end-September 2011, turnover including tax
of the 464 Mr. Bricolage stores, 142 Briconautes stores and 39 Catena stores
represented 86%, 12% and 2% respectively of total turnover including tax for the
retail networks.

France
In mainland France, the Mr. Bricolage network posted turnover including tax at
end-September 2011 which was up 1.0% at current surface area (-1.1% on a
like-for-like store basis).

In the French overseas departments and territories, sales at end-September 2011
at the 18 outlets totalled EUR132.2 million, up by 0.5% at current surface area
and on a like-for-like store basis.

International
Abroad, the 56 Mr. Bricolage stores established in 9 countries posted turnover
including tax of EUR148.1 million at end-September 2011, up 1.8% at current
surface area (-3.6% on a like-for-like store basis).

Sales are still affected by the situation in Eastern Europe: the region
(Bulgaria/Serbia/Romania) posted a downturn of 11.7% over the period on a
like-for-like store basis (compared to -12.3% at end-June). Our development plan
in Serbia continued with the opening of a third store in Belgrade on 12 October,
covering a surface area of 2,785 m2; initial indications are positive.

Sales in other countries increased by 2.7% on a like-for-like store basis,
driven in particular by development in Belgium and Morocco, which are combining
strong organic growth with acquisitions: four stores (representing retail space
of 9,000 m2) joined the Belgian network on 1 April and the third Moroccan store
(retail space of 1,835 m2) opened to the public in Tangiers on 10 February.

Changes in financial structure
The Group's net debt at 30 September 2011 stood at close to EUR163 million (on
the basis of unaudited figures). It was positively affected by disposals which
generated EUR6.7 million (property and stores), and negatively affected by the
Modernisation of the Economy Law for a total of EUR8 million.

2011 goals reaffirmed
Although growth at the Directly-owned Stores has not met expectations, the Group
confirms the goals set for 2011:
  - growth in turnover,
  - an increase in ordinary operating profit in line with the increase in
    business,
  - continued implementation of the plan to reduce Group debt, which should make
    it possible to bring net financial debt to around EUR160 million by the end
    of the year.

ABOUT THE MR BRICOLAGE GROUP

Mr Bricolage is the no. 1 in the local DIY market in France (586 stores) and has
56 stores in nine other countries. Its Mr Bricolage, Catena, Les Briconautes and
Les Jardinautes chains combined have over 1,600,000 m2 of retail space. It also
has 267 affiliates. With nearly 12,000 employees, the group's networks represent
total annual turnover including tax of EUR2.1 billion.

                              Next press releases:
             Q4 2011 Turnover on 14 February, after market close
              2011 Annual Results on 6 March, after market close

Investor and shareholder contacts                     Media contact
Mr Bricolage SA             ACTIFIN                   ACTIFIN
Eve JONDEAU                 Nicolas MEUNIER           Charlène MASSON
Tel: +33 (0)2 38 43 21 88   Tel: +33 (0)1 56 88 11 11 Tel: +33 (0)1 56 88 11 11
eve.jondeau@mrbricolage.fr  nmeunier@actifin.fr       cmasson@actifin.fr

                            www.mr-bricolage.com

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