BUT International: The latest figures, news and market research on BUT International

Turnover: 2.5 billion EUR (2023)

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

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

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 posted 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

DUNS: 722041860

Legal Name: BUT INTERNATIONAL

Address: 1 AVENUE 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	2023	2022	2021	2020	2019	2018	2017	2016
Turnover	2 090 517 912	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 (€)	988 834 347	1 008 174 059	990 913 993	734 217 863	772 457 730	689 151 398	640 548 223	-
EBITDA (€)	193 725 785	209 293 721	230 717 131	92 693 029	84 241 413	34 901 455	41 913 844	-
Operating profit (€)	173 568 484	178 377 626	198 040 834	58 683 860	49 727 553	3 704 570	-11 891 703	-
Net profit (€)	92 195 716	72 010 363	122 833 026	-61 540 008	19 441 280	-20 947	37 756 515	25 131 537
Turnover growth rate (%)	-1,5	0,2	25,6	-4,7	7,9	6,9	1,2	-
Ebitda margin rate (%)	9,3	9,9	10,9	5,5	4,8	2,1	2,7	-
Operating margin rate (%)	8,3	8,4	9,3	3,5	2,8	0,2	-0,8	-
Working Capital (turnover days)	-8,2	-29,9	-28,1	-43	-32,8	-27,2	-4,9	-
Working Capital requirements (turnover days)	23,4	17,4	19,7	17,1	21,1	25,6	26,3	-
Net margin (%)	4,4	3,4	5,8	-3,6	1,1	-	2,5	-
Added value / Turnover (%)	25,1	25,1	26	22,5	21,5	19,5	19,4	-
Wages and social charges (€)	298 750 201	315 648 162	299 321 827	253 860 026	268 083 398	254 246 024	231 460 699	-
Salaries / Turnover (%)	14,3	14,9	14,1	15	15,1	15,5	15,1	-

Company Managers:

Position	First Name	Last Name	Age
Président	Alexandre	Falck	58
Directeur général délégué	Frank	Wendling	55
Directeur général délégué	Alice	Schmauch	42
Directeur général délégué	Khady, Helene	Diouf	44