(News Bulletin 247) – The Roche Bobois share suffered one of the strongest declines in the Paris market on Tuesday morning, penalized by profit taking as the high-end furniture group unveiled its turnover for the 1st quarter .
The French family business, founded in 1960, indicates that it has achieved double-digit growth of 12% in its activity over the first three months of the year, despite a basis for comparison that has become demanding.
Its sales totaled 104 million euros, compared to 92.9 million euros in the first quarter of 2022, which still corresponds to a growth of 10.5% at constant exchange rates.
All of the brand’s geographical areas are showing growth, with in particular a very good performance in the United States/Canada area, which recorded growth of 24.3% in the 1st quarter.
Only the Cuir Center chain, positioned in the mid-range, fell over the quarter (-13.4%) due to a positioning deemed to be more sensitive to the economic situation.
As of March 31, Roche Bobois’ order portfolio amounted to €175.5 million, compared to €170.2 million at the end of 2022.
Given the current rate of deliveries, the group confirms its objective of a further increase in its turnover in the 1st half of 2023.
Despite this solid publication, the action fell 5.1% after its historic highs reached last week. The title still shows a jump of 32% since the beginning of the year.
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