MAISONS DU MONDE: After strong Q3, preparing to live with further store restrictions | BUY | EUR16 (+39%)
MAISONS DU MONDE - BUY | EUR16 (+39%)After strong Q3, preparing to live with further store restrictions
Strong summer with Q3 sales up 13%
Healthy activity in Oct while sofas shortages are materializing
FY 2020 sales could be down mid-single digit excl. store closures
Buy reiterated with EUR16 TP following the 22% share decline over the last two days
Maisons du Monde offers a range of decoration and furnishing items in a variety of styles and themes. At end-2016, Co. operated a network of 288 stores in seven countries, France, Italy, Spain, Belgium, Luxembourg, Germany, and Switzerland. It also operates an e-commerce platform available in 11 countries. Co.'s product offering contains approximately 16,000 stock-keeping units available in a range of prices. The offer falls into two categories: decorative products, such as household textiles, tableware and kitchenware, mirrors and picture; and furniture, such as beds, tables, chairs, armchairs and sofas, cupboards, bookshelves, junior furniture and outdoor furniture.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.