Maisons du Monde : 2024 another transitional year – Neutral rating maintained
>Feedback from the post-FY 2023 management meeting - After contact with management, we reviewed FY 2023 results and the outlook for growth in the short and medium term. Our main takeaways are: For FY 2023, operating profit was down 33% to € 45.8m, revealing a 140bp deterioration in profitability to 4.1%. In the context of a decline in activity (sales -9.3% to € 1,125.4m) the group was able to: 1/ maintain its gross margin more or less stable at 64.5% (-20bp vs 20...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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