ROCHE BOBOIS BUY | EUR26 VS. EUR23 Initial FY 2021 guidance finally seems within reach
ROCHE BOBOIS BUY | EUR26 VS. EUR23Initial FY 2021 guidance finally seems within reach
Order backlog suggests a very strong Q1 net sales growth…
…while order intake rose further over Jan-Feb
Initial EUR320m net sales guidance finally within reach
Still room to improve EBITDA margin in 2021
Buy reiterated with a new EUR26 TP vs. EUR23
Roche Bobois SA, formerly Furn Invest SAS, is a France-based company operating in the furniture design and distribution businesses. It offers a broad range of made-to-order customizable designs, manufactured in small European workshops. The full furniture collection, divided in Living Room, Dining Room, Desks, Bedroom, Outdoor Furniture, and Other Products includes sofas, armchairs, cocktail tables, dining chairs, sideboards, beds, wardrobes, storage and accessories including lighting, cushions and rugs. The Company service offering includes Delivery, Financing, Warranty, Wedding Registry, Maintenance Guide, Catalogues, Interior Design and Online 3D (tridimensional) Planner. The Company operates through retail or franchising stores and owns more than 250 showrooms across the world. It is active in Europe, America, Africa, Asia and Middle East.
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.
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