Brief: Maisons Du Monde FY Net Result Turns To Profit Of EUR 79.1 Mln

Maisons du Monde SA

10/03/2022 06:24

March 10 (Reuters) - Maisons du Monde SA  MDM.PA :
    * FY EARNINGS PER SHARE 1.72 EUR
    * FY SALES 1.307 BILLION EUR
    * 2025 OBJECTIVES CONFIRMED
    * END-FY EUR 90 MILLION OF FREE CASH FLOW (VERSUS EUR 53
MILLION
IN 2020)
    * OUTLOOK 2022: MARKETPLACE WILL REACH ALL FRENCH STORES AND
WILL
BE DEPLOYED IN ONE NEW COUNTRY OVER COURSE OF YEAR
    * FY EBIT EUR 123.8 MILLION VERSUS EUR 89.2 MILLION YEAR AGO
    * FY NET PROFIT EUR 79.1 MILLION VERSUS LOSS EUR 16.1
MILLION YEAR
AGO
    * OUTLOOK 2022: WILL OPEN 5 TO 10 NEW STORES OUTSIDE FRANCE
    * OUTLOOK 2022: KEEP ON RATIONALISING ITS FRENCH STORE
NETWORK, BY
CLOSING 0 TO 5 STORES WHILE MAINTAINING COMMERCIAL AREA AT A
STABLE LEVE
    * FY SALES EUR 1.31 BILLION VERSUS EUR 1.14 BILLION YEAR AGO
    * 2022 HAS BEGUN WITH CONTINUED PRESSURE ON SUPPLY CHAIN, AS
WELL
AS SOFT CONSUMPTION PARTLY DUE TO GLOBAL INFLATIONARY CONTEXT
    * AS EXPECTED, GROUP SEES A SLOW START TO YEAR, WHILE SECOND
HALF
OF YEAR WILL BENEFIT FROM A PROGRESSIVE INVENTORY REPLENISHMENT
TO SUPPORT TOP LINE GROWTH ACCELERATION
    * FY EBITDA EUR 279.2 MILLION VERSUS EUR 238.3 MILLION YEAR
AGO
    * MATERIAL GEOPOLITICAL UNCERTAINTIES HAVE ARISEN, WITH YET
TO BE
DETERMINED IMPACT ON DEMAND AND SUPPLY, HINDERING VISIBILITY FOR
NEXT FEW MONTHS
    * OUTLOOK 2022: POSITIVE TOP LINE GROWTH, TO BE FINE-TUNED
AS
VISIBILITY IMPROVES
    * OUTLOOK 2022: AN EBIT MARGIN AROUND 9%
    * OUTLOOK 2022: FCF OF EUR 65 MILLION TO 75 MILLION
    * OUTLOOK 2022: DIVIDEND PAY-OUT RATIO OF 30% TO 40%
    * CONFIRMS ITS 2025 OBJECTIVES UNVEILED LAST NOVEMBER
    * ANNOUNCES APPOINTMENT OF ALEXANDRA PALT, CHIEF CORPORATE
RESPONSIBILITY OFFICEROF L'ORÉAL GROUP AND CEO OF FONDATION
L'ORÉAL TO BOARD OF DIRECTORS AS AN INDEPENDENT DIRECTOR, WHICH
WILL BE SUBMITTED TO SHAREHOLDERS AT GENERAL MEETINGS ON MAY 31,
2022

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE9mSXHH
Further company coverage:  MDM.PA 

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