Maisons du Monde : H1 down sharply, visibility remains poor over H2
>Underlying operating profit plunged to -€ 5.8m vs € 16.3m in H1 2023 - Maisons du Monde reported interim results sharply down, marked by: 9.6% decline in sales to € 491.1m, close to expectations at € 495.8m. Like-for-like and excluding the UK, the drop would work out at € 8.5%. In Q2 alone, sales slumped 9.7%, of which -8.9% LfL and excluding the UK. The trend, in line with the performance delivered in Q1 (-9.5%, o/w -8.1% LfL and excluding the UK) reflects low...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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