Turnover: 2.12 billion EUR (2022)

Country: France

  • Founded in 1972 by André Venturini, BUT is a French company specializing in furniture and decoration, household appliances and hi-fi equipment.
  • BUT is owned by the Mobilux group, which also owns Conforama
  • The group is Europe's leading furniture retailer.
  • BUT has 320 outlets in France, mainly franchises, as well as an e-commerce site.
  • BUT stores offer a wide range of home equipment, including furniture, bedding, sofas, small and large appliances, as well as sound and image products. They can be purchased directly in-store, delivered to the consumer's home or ordered online. It is also possible to check the availability of products online in the nearest store

News

Furniture: But takes over Morin | But takes over Morin 26/10/2023

  • March 2023 - Announcement of the takeover of the Morin group by But.
  • 37 stores from the Morin group join the But group.
  • But plans to lease these stores out over time.

Furniture: But starts long-term rental 04/04/2023

  • Long-term rental service for seats and sofas at But.
  • Test carried out in 5 pilot stores over 3 months.
  • Service offered in all 332 sales outlets (integrated and franchised).
  • Rental periods offered: 48, 60 or 72 months.
  • Partnership with Cetelem for rental.
  • Partnership with the Troc.com group, La Trocante and Happy Cash to give a second life to chairs and sofas at the end of the rental period.
  • Partnership with Eco-mobilier for the collection and recycling of end-of-life mattresses and products.

Furniture: But starts leasing 13/03/2023

  • But: 120 of the network's 330 stores are operated as franchises
  • Acquisition of all the assets of the Morin group, 37 sales outlets under the But Cosy banner, and 420 employees.
  • Lease management enables But to expand into smaller catchment areas

But takes a 70% stake in decorating website Drawer 06/04/2022

  • But takes a 70% stake in Drawer, an online sales site created by Valérie and Guillaume Spriet.
  • the site features 6,500 But product references.
  • The new entity will create a group with sales of 3.5 billion euros and 460 stores.
  • 4000 items of furniture and objects sourced from around the world.

Furniture set to post higher sales in 2021 15/03/2022

  • The furniture sector achieved sales of over 14 billion euros in 2021, up 14.3% on 2020 and 8.8% on 2019.
  • Furniture specialists saw their sales increase by 24.6% in one year, and mid-range furniture by 18.9%.
  • Mass-market furniture retailers (But, Conforama, Ikea...) had to make do with a meagre +8.6%.
  • But and Conforama are owned by Austrian distributor Mobilux

november 13, 2020 - But and Conforma join forces - source(Capital)

  • But's parent company has acquired Conforama
  • The two chains could dethrone Ikea in the French furniture market, with a market share of almost 19%.
  • 40% of products sold by But are produced in France
  • 70% of suppliers are common to both brands
  • Objective: increase kitchen sales by 7% to 10%
  • But's challenge: to modernize and revitalize Conforama, which has been suffering for years

Financial Data

DUNS: 722041860

Legal Name: BUT INTERNATIONAL

Address: 1 AV SPINOZA ZAC DE MALNOUE, 77184 EMERAINVILLE

Number of employees: Entre 5 000 et 9 999 salariés (2021)

Capital: 131 772 276 EUR


Financial Data:

Year 2022 2021 2020 2019 2018 2017 2016
Turnover 2 122 104 282 2 118 739 403 1 686 836 305 1 770 894 018 1 640 528 389 1 534 519 266 1 515 666 322
Gross margin (€) 1 008 174 059 990 913 993 734 217 863 772 457 730 689 151 398 640 548 223 -
EBITDA (€) 209 293 721 230 717 131 92 693 029 84 241 413 34 901 455 41 913 844 -
Operating profit (€) 178 377 626 198 040 834 58 683 860 49 727 553 3 704 570 -11 891 703 -
Net profit (€) 72 010 363 122 833 026 -61 540 008 19 441 280 -20 947 37 756 515 25 131 537
Turnover growth rate (%) 0,2 25,6 -4,7 7,9 6,9 1,2 -
Ebitda margin rate (%) 9,9 10,9 5,5 4,8 2,1 2,7 -
Operating margin rate (%) 8,4 9,3 3,5 2,8 0,2 -0,8 -
Working Capital (turnover days) -29,9 -28,1 -43 -32,8 -27,2 -4,9 -
Working Capital requirements (turnover days) 17,4 19,7 17,1 21,1 25,6 26,3 -
Net margin (%) 3,4 5,8 -3,6 1,1 - 2,5 -
Added value / Turnover (%) 25,1 26 22,5 21,5 19,5 19,4 -
Wages and social charges (€) 315 648 162 299 321 827 253 860 026 268 083 398 254 246 024 231 460 699 -
Salaries / Turnover (%) 14,9 14,1 15 15,1 15,5 15,1 -

Company Managers:

Position First Name Last Name Age Linkedin
Président Alexandre Falck 57
Directeur général délégué Frank Wendling 54
Directeur général délégué Khady, Helene Diouf 43

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