Maisons du Monde - Business continued to deteriorate in Q1, after a difficult 2022 which led to the suspension of the 2025 plan
Unsurprisingly poor Q1, MDM still underperforms the French furniture marketA business rebound expected (at last) in H2 2023A complicated 2022 financial year in line with our forecasts, after an exceptional pandemic year in 2021 and the associated decline in purchasing powerMargins should recover from 2023 onwards, if the economic environment does not deteriorate furtherLogical suspension of 2025 targets in the current contextAffordable valuation and a speculative dimension that has not disappearedMaisons 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.
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