MAISONS DU MONDE: Temporary rebound of reopening stores must not overshadow the softness of consumption | NEUTRAL | EUR12 (+48%)
MAISONS DU MONDE - NEUTRAL | EUR12 (+48%)Temporary rebound of reopening stores must not overshadow the softness of consumption
Q1 sales down 13%
Current trading doesn’t question our -43%e growth for Q2
A 10% OPEX and 40% CAPEX cut over 2020 to limit cash-burn
MdM’s measures highlight how soft consumption will be post-Covid
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.