Roche Bobois : Q1 shows strong resilience, Q2 set to be hard hit, stores to be reopened gradually
>Q1 sales up 2.5% to € 61.8m (vs € 63m est.) - Roche Bobois reported yesterday evening Q1 sales up 2.5% (+1.2% LFL) to € 61.8m, close to our estimate (+4.5%e to € 63m est.). Over the same period, the sales volume stood at € 121m, down 14%. The Roche Bobois brand reported a 12.1% decline in overall sales volume to € 94.5m. After recording +10.9% growth in sales volume at end-February 2020, March 2020 alone accounted for the bulk of the decline (-54.4%).§h...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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