Maisons du Monde - Towards a gradual improvement in H2 results, after a very poor H1
Sales decline in line with expectations in H1 Results down sharply despite impact of 3C plan, with gradual improvement in H2 2023 guidance confirmedFull-year results expected to remain depressed, before a potential rebound in 2024 Affordable valuation and a speculative dimension that has not disappeared Add opinion maintained and target price unchanged at €10.50/shareMaisons 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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