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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Maisons du Monde | TG:ZMM | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.015 | -0.41% | 3.685 | 3.665 | 3.70 | 3.725 | 3.695 | 3.695 | 1,660 | 22:50:07 |
PRESS RELEASENantes, 16 May 2024
First quarter sales 2024
Q1 2024 sales in line with expectationsand consistent with 2024-2026 transformation plan assumptions
Launch of Inspire Everyday action plan on track
AUDIO WEBCAST FOR INVESTORS AND ANALYSTS
Presentation in English.
Date: 16 May 2024 at 9:00 am CET
Speakers: François-Melchior de Polignac, CEO / Denis Lamoureux, CFO / Gilles Lemaire, Deputy CFOConnection details:
Q1 SALES DETAILS
Q1 2024 | Q1 2023 | %Change | |
(in EUR million) | |||
Group GMV | 284.3 | 307.1 | -7.4% |
Sales | 247.7 | 273.7 | -9.5% |
Like for like and excluding UK | 240.7 | 261.8 | -8.1% |
Sales by product category | |||
Decoration | 138.0 | 155.7 | -11.4% |
% of sales | 55.7% | 56.9% | |
Furniture | 109.7 | 118.0 | -7.1% |
% of sales | 44.3% | 43.1% | |
Sales by channel | |||
Stores | 176.3 | 196.0 | -10.1% |
% of sales | 71.2% | 71.6% | |
Online | 71.4 | 77.7 | -8.2% |
% of sales | 28.8% | 28.4% | |
Sales by geography | |||
France | 135.7 | 148.0 | -8.3% |
% of sales | 54.8% | 54.1% | |
International | 112.0 | 125.8 | -10.9% |
% of sales | 45.2% | 45.9% |
In Q1 2024, Group sales amounted to €247.7 million, down 9.5% year-on-year (-8.1% Lfl and excluding UK), on track with expectations notably given weak overall consumption dynamics.
Online sales amounted to €71.4 million, decreasing by 8.2% year-on-year (-6.5% on a Lfl basis and excluding UK online activities which ceased at the end of Q2 2023). Marketplace continued to show strong growth, notably driven by Spain, Italy and Germany still ramping up and showcasing local brands.
Store sales were down 10.1% year-on-year at €176.3 million (-8.4% Lfl).
The store network at the end of March 2024 reached 337 own stores and 5 affiliates compared to 352 own stores as at end of March 2023.
Decoration sales declined by 11.4% to €138.0 million. Conversely, Furniture sales showed stronger resilience with sales of €109.7 million (-7.1% yoy), boosted by product availability, promotional initiatives, free shipping for online orders and buy now-pay later.
Geographically, sales in France amounted to €135.7 million (-8.3% yoy and -7.5% Lfl). International sales reached €112.0 million (-10.9% yoy and -8.8% on a Lfl basis and excluding UK online activities which ceased in Q2 2023), with Italy performing better notably thanks to marketplace growth. The underperformance in Switzerland sales relative to the rest of the Group has been successfully addressed through targeted pricing adjustments.
Disclaimer: Forward Looking Statement
This press release contains certain statements that constitute "forward-looking statements," including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions or which do not directly relate to historical or current facts. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecasted or implied by such forward- looking statements. Accordingly, no representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Any forward-looking statements included in this press release speak only as of the date hereof and will not give rise to updates or revision. For a more complete list and description of such risks and uncertainties, refer to Maisons du Monde’s filings with the French Autorité des marchés financiers.
Financial calendar
21 June 2024 Annual General Meeting
29 July 2024 Half-Year 2024 Results
23 October 2024 Q3 2024 Sales
About Maisons du Monde
Maisons du Monde is the leading player in inspiring, accessible, and sustainable home and decoration. The Brand offers a rich and constantly refreshed range of furniture and decorative items in a multitude of styles. Leveraging a highly efficient omnichannel model and direct access to consumers, the Group generates over 50% of its sales through its online platform and operates in 10 European countries.
corporate.maisonsdumonde.com
Contacts
Investor Relations | Press Relations |
Carole Alexandre Tel: (+33) 6 30 85 12 78 | Pierre Barbe Tel: (+33) 6 23 23 08 51 |
calexandre@maisonsdumonde.com | pbarbe@maisonsdumonde.com |
Attachment
1 Year Maisons du Monde Chart |
1 Month Maisons du Monde Chart |
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