Maisons du Monde : 2019 preliminary earnings in line – the group has offered reassurances, but our focus is on comments regarding margins in 2020
>2019 preliminary results in line with expectations - In a press release issued after the close yesterday evening, the Maisons du Monde group gave indications on its results to be unveiled on 11 March. These results are in line with our expectations and management’s guidance. Our takeaways: Sales growth came in at 10.3% in 2019 which is close to the group’s targets (+10.5%), with growth working out to +3.6% on constant scope. We had expected +10.5% and +3.7% resp...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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