Roche Bobois : 2023 results in line with expectations
>Underlying operating profit at € 46.3m (vs € 46.8m est.), i.e. a margin of 10.8% (-10bp) - This morning, Roche Bobois reported FY results broadly in line with our estimates. With € 429.5m in previously reported sales, up 5.1%, EBITDA came in at € 90.5m (vs € 87m est.) and the underlying operating profit at € 46.3m (vs € 46.8m est.), implying an underlying operating margin 10.8%, inching down 10bp. Attributable net profit was stable at € 31.3m (vs € 32m est.). The Gr...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.
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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