(News Bulletin 247) – Miliboo climbed more than 9% on the stock market this Friday after reporting yesterday evening a “solid” turnover and an increase in its margin during the third quarter of his staggered exercise.
The furniture brand indicates that it recorded a turnover of 11 million euros, down 4.4%, in its 3rd quarter 2022-23, ended on January 31.
The company also reported a strong recovery in its gross margin and a return to operating profitability in the quarter.
Its gross margin rate thus rebounded to more than 57% on average in the 3rd quarter, an increase of six points compared to the average for the 1st half and above that of the 3rd quarter 2021-22.
‘The 3rd quarter fully meets our expectations and validates our strategic choices despite a still difficult context for household consumption’, commented Guillaume Lachenal, CEO and founder of the company.
The leader of Miliboo stresses that the quarterly decline in turnover is explained by a demanding basis of comparison and that it comes only from market places, a less profitable channel.
“On our own sales channels (stores and site), we continue to gain market share without massive recourse to promotional devices,” he says.
Listed on the Paris Stock Exchange, the action rose 9.8% on Friday after this publication.
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