Brief: Maisons Du Monde Expects Significant Drop In Q2 Sales, Positive H1 EBITDA

Maisons du Monde SA

13/05/2020 17:24

May 13 (Reuters) - Maisons du Monde SA  MDM.PA :
    * Q1 TOTAL SALES EUR 243.7 MILLION VERSUS EUR 280.3 MILLION
YEAR
AGO
    * CASH POSITION AS OF MARCH 31, 2020: 222 MILLION EUROS
    * ACCELERATION OF ONLINE ORDERS IN VALUE DURING CONTAINMENT:
UP
MORE THAN 50% IN APRIL
    * Q2 2020 SALES EXPECTED TO DROP SIGNIFICANTLY COMPARED TO
THE
SAME QUARTER LAST YEAR
    * EXPECTS POSITIVE EBITDA (IFRS) FOR H1
    * WE ARE NOW STARTING TO REOPEN OUR STORES AND OUR SUPPLY
CHAIN
SHOULD BE FULLY OPERATIONAL END JUNE
    * NET DEBT STOOD AT €814 MILLION AT 31 MARCH COMPARED TO
€805
MILLION AT 31 DECEMBER 2019

Source text for Eikon:  ID:nGNE98LzL 
Further company coverage:  MDM.PA 

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