In a competitive environment, expected revenue growth rates for the group look sluggish.
The group has track record in the execution of a sound operationnal strategy.
Sharp decline in the stock's price in 2018 represents an interesting entry point.
Investment thesis and presentation of the company:
FNAC-DARTY is a specialized French retailer existing both online and offline. The group is the result of Darty’s acquisition by FNAC in 2016. They have developed a multichannel