Roche Bobois : A further contraction in sales in Q2, brighter prospects for H2
>Q2 sales were down 6.4% to € 110.2m (vs € 112.8m est.) - Yesterday evening, Roche Bobois published Q2 sales close to our expectation of € 110.2m (vs € 112.8m est.) down 6.4% (vs -4%e). For H1, sales came in at € 204.4m, down 7.8% (-8% excl. forex). At the end of June, the order backlog remained at a high level, but fell logically to € 137.5m (compared with € 154.6m at 30 March 2024 and € 137m at end-2023).2024 guidance lowered at the EBITDA level - ...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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