Maisons du Monde : Good resilience in a difficult environment. Neutral recommendation vs Reduce.
>H1 results exceed expectations: EBITDA of € 68.8m vs € 45.7m estimated - Maison du Monde posted H1 2020 results above expectations. The key figures are as follows: 1/ a decrease in sales of 13.3% to € 489m which is higher than our estimates (€ 428.4m) reflecting Q2 down 13.6% to € 245m and supported by a strong rebound in sales in June (+42%). On a like-for-like basis, the decrease would have been 17.5% in H1 and 16.2% in Q2. The shortfall linked to COVID-19 has repo...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.