Maisons du Monde SA
PAR:MDM
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Maisons du Monde SA
Maisons du Monde owns and operates a chain of home decor and furnishing stores. The company is headquartered in Vertou, Pays De La Loire and currently employs 8,651 full-time employees. The company went IPO on 2016-05-27. The firm markets decoration and furniture collections that showcase multiple styles. Maisons du Monde SA develops its business through its international network of stores, websites and catalogs. In addition, it manufactures a part of its furniture products in-house (in terms of purchases of furniture), with two manufacturing facilities in China (through Chin Chin, its joint venture with SDH Ltd) and in Vietnam. The firm's product portfolio encompasses sofas, chairs, stools, pouffes, benches, tables, shelves, bookcases, desks, trays, glasses, baskets, aprons, cutlery, blankets, curtains, rugs, place mats, napkins, lamps, mirrors, prints, candles, clocks and vases, among others.
Maisons du Monde owns and operates a chain of home decor and furnishing stores. The company is headquartered in Vertou, Pays De La Loire and currently employs 8,651 full-time employees. The company went IPO on 2016-05-27. The firm markets decoration and furniture collections that showcase multiple styles. Maisons du Monde SA develops its business through its international network of stores, websites and catalogs. In addition, it manufactures a part of its furniture products in-house (in terms of purchases of furniture), with two manufacturing facilities in China (through Chin Chin, its joint venture with SDH Ltd) and in Vietnam. The firm's product portfolio encompasses sofas, chairs, stools, pouffes, benches, tables, shelves, bookcases, desks, trays, glasses, baskets, aprons, cutlery, blankets, curtains, rugs, place mats, napkins, lamps, mirrors, prints, candles, clocks and vases, among others.
Sales Down, But Improving: Group sales fell 10% in H1, but the decline eased in Q2, showing early benefits from the company's recovery plan.
Marketplace Growth: Marketplace GMV surged 73% to EUR 85.1 million in H1, with strong online and in-store performance and expansion into Germany planned.
Cost Savings: Half of the planned EUR 25 million annual cost savings were already achieved in H1, supporting profitability.
Gross Margin Resilience: Gross margin held steady at 63.8% in H1, with management confident in reaching a full-year gross margin around 65%.
Cash Flow Turns Positive: Free cash flow was nearly EUR 3 million, a turnaround from negative last year, driven by better inventory and CapEx discipline.
Guidance Maintained: Despite a tough consumer environment, full-year guidance is unchanged, expecting sequential improvement in H2 and EBIT of EUR 65–75 million.
CapEx Cut: CapEx was sharply reduced, with a 2023 guidance of around EUR 50 million.
