Brief: Maisons Du Monde Cuts FY EBIT Outlook To Between Eur 40 Mln And Eur 50 Mln

Maisons du Monde SA

09/10/2023 17:08

Oct 9 (Reuters) - Maisons du Monde SA  MDM.PA :
    * OUTLOOK 2023 REVISED
    * OUTLOOK: Q3 SALES SHOULD DROP 9.4% YOY
    * OUTLOOK: FY SALES SHOULD DROP AROUND 10% VERSUS INITIAL
GUIDANCE
OF LOW-TO-MID-SINGLE DIGIT DROP
    * OUTLOOK: FY BETWEEN EUR 40 MILLION AND EUR 50 MILLION
VERSUS
INITIAL GUIDANCE EUR 65 MILLION-EUR 75 MILLION
    * OUTLOOK: FY EBIT BETWEEN EUR 40 MILLION AND EUR 50 MILLION
VERSUS INITIAL GUIDANCE EUR 65 MILLION-EUR 75 MILLION
    * OUTLOOK: FY FCF BETWEEN EUR 20 MILLION AND EUR 30 MILLION
VERSUS
INITIAL GUIDANCE EUR 40 MILLION-EUR 50 MILLION
    * THE GROUP EXPECTS TO SIGNIFICANTLY OUTPERFORM 25 MILLION
COST-SAVINGS PLAN FOR 2023, AND WILL BE TAKING ADDITIONAL
MEASURES IN VIEW OF THE CURRENT DETERIORATING MACROECONOMIC
TRENDS

Source text for Eikon:  ID:nGNE1RX4Ch 
Further company coverage:  MDM.PA 

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