Brief: Maisons Du Monde 9-Month Sales At 980 Million Euros, Up 21% YoY

Maisons du Monde SA

26/10/2021 06:53

Oct 26 (Reuters) - MAISONS DU MONDE SA  MDM.PA :
    * REG-MAISONS DU MONDE’S NINE-MONTH 2021 ACTIVITY: 2021
FULL-YEAR
GUIDANCE REVISED UPWARD AND STRATEGIC DECISIONS ANNOUNCED
    * 9M SALES ROSE 21 PERCENT TO 980 MILLION EUR
    * REG-MAISONS DU MONDE’S NINE-MONTH 2021 ACTIVITY: 2021
FULL-YEAR
GUIDANCE REVISED UPWARD AND STRATEGIC DECISIONS ANNOUNCED
    * UPWARD REVISION OF FULL-YEAR 2021 GUIDANCE
    * LAUNCH OF EUR 50 MILLION ESG IMPACT SHARE BUYBACK PROGRAM
    * NEW FULL-YEAR GUIDANCE 2021: EBIT MARGIN: BETWEEN 9% AND
9.5%
    * NEW FULL-YEAR GUIDANCE 2021: TOP LINE YOY GROWTH: UP LOW
TEENS
    * SEES YEAR-END STORE COUNT: SLIGHTLY HIGHER VERSUS END 2020
(PREVIOUSLY: BROADLY STABLE)
    * IN LINE WITH OUR OMNICHANNEL STRATEGY, MARKETPLACE IS
CURRENTLY
BEING TESTED IN 40 FRENCH STORES, WITH PROMISING RESULTS
    * NEW FULL-YEAR GUIDANCE 2021: FREE CASH FLOW: MATERIALLY
ABOVE
ITS 2020 LEVEL
    * NEW FULL-YEAR GUIDANCE 2021: YEAR-END STORE COUNT:
SLIGHTLY
HIGHER VERSUS END 2020
    * WE HAVE REACHED AN AGREEMENT TO SELL DOWN OUR MODANI STAKE
FROM
70% TO 15%

Source text for Eikon:  ID:nGNE1BmCV9 
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