Brief: Maisons Du Monde eyes EBITDA Margin Of 12% In 2024

Maisons du Monde SA

18/06/2019 07:00

June 18 (Reuters) - Maisons du Monde SA  MDM.PA :
    * ANNOUNCES 2020-2024 AMBITIONS PLAN
    * AIMS TO DELIVER 10%+ SALES CAGR TO EXCEED €2.0 BILLION IN SALES IN 2024
    * AIMS SALES AROUND 60% DIGITAL AND OVER 50% INTERNATIONAL BY END OF PLAN
    * TARGETS EBITDA MARGIN OF 12% IN 2024 AND 10%+ NET INCOME CAGR THROUGHOUT
THE
PLAN
    * EXPECTS HIGH CASH FLOW GENERATION, WITH MORE THAN €300 MILLION CUMULATED
RECURRING FREE CASH FLOW OVER THE PLAN
    * MAINTAINS DIVIDEND POLICY OVER THE PLAN, WITH A PAYOUT RATIO OF 30% TO 40%
OF
NET INCOME

Source text for Eikon:  ID:nGNE6lK4k0 
Further company coverage:  MDM.PA 

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