(News Bulletin 247) – Maisons du Monde won the Paris Stock Exchange on Thursday following the publication of annual results in line with its objectives, which are struggling to convince investors.
Around 12:00 p.m., the title of the furniture and decoration store brand fell by more than 8%, in a Parisian market down 0.3%.
In a press release published in the morning, the Nantes group said it recorded sales down 5.1% to 1.24 billion euros last year, in line with its forecast of a decline in activity ‘in one digit. in the middle of the range.
Its EBIT margin of 5.5% and its free cash flow of 32 million euros are also in line with its annual objectives, namely a margin of 5% or above and a cash flow between 10 and 30 million.
Maisons du Monde – which says it intends to specify its objectives for 2023 in May – specified that its medium-term outlook for 2025 remained for the moment suspended ‘better visibility’.
In the immediate future, the distributor says it wants to strengthen its balanced growth model and improve the operation of its stores in order to regain a ‘higher’ level of profitability and cash flow.
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