Report
Aurore Aventin (IDMidCaps)

Roche Bobois - The leader in top-of-the-range furnishings & One of the few crisis-proof players in the sector

Roche Bobois is a family-owned group specialising in top-of-the-range home furnishings, whose products are distributed via directly-operated shops and a franchise network. Historically, Roche Bobois has achieved a moderate CAGR in sales between 2015 and 2020 (+2%), but its margins have risen steadily. Growth has literally leapt over the past 2 years (+27% in 2021 and +17% cc in 2022) thanks to the renewed interest in the sector generated by the health crisis.Its low-risk business model is based on on-demand manufacturing, enabling it to minimise its stocks, which are almost exclusively made up of products in shops and in transit,
Underlying
Roche Bobois International SAS

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.

Provider
Degroof Petercam
Degroof Petercam

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Analysts
Aurore Aventin (IDMidCaps)

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