Roche Bobois : H1 sales in line with our forecasts - marked commercial catch-up since June
>Q2 sales of € 47.8m (vs € 50.3m est.) down 36.1% at constant currency - Yesterday evening, Roche Bobois reported Q2 sales of € 47.8m, down 35.7% (-36.1% at constant currency - cc) close to our forecast of € 50.3m est. (-32%e). Note that June alone accounted for around € 20m of delivered sales (>40% of Q2 sales) after a marked impact during the lockdown period in April and May. For the half-year, sales were € 109.6m (vs € 112m est.), i.e. down 18.6% (-19.3% cc). Sales...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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