Brief: Maisons Du Monde FY Sales Down 5% To EUR 1.24 Bln

Maisons du Monde SA

09/03/2023 06:21

March 9 (Reuters) - Maisons du Monde SA  MDM.PA :
    * 2022 FULL-YEAR RESULTS
    * SOLID GROUP REVENUE IN A CHALLENGING ENVIRONMENT: FY22
SALES
€1,240M, DOWN -5.1% YOY, UP +5.1% VERSUS FY 2019
    * FY22 EBIT: €68.5M WITH MARGIN OF 5.5%
    * FREE CASH FLOW: EUR 32 MILLION
    * SIGNIFICANT MILESTONES ACHIEVED, PAVING WAY FOR SUSTAINED
PROFITABLE GROWTH AND SHAREHOLDER RETURNS
    * 2023 OUTLOOK: FURTHER STRENGTHENING BALANCED GROWTH MODEL,
WHILE
IMPROVING STORE OPERATIONS AND CUSTOMER SERVICE
    * FY 2022 GROUP GMV WAS EUR 1,337 MILLION, DOWN -1% YOY
(+13%
VERSUS 2019)
    * FY NET INCOME AMOUNTED TO EUR 34 MILLION VERSUS EUR 79
MILLION
IN 2021
    * SHAREHOLDERS WILL BE ASKED TO APPROVE PAYMENT OF A
DIVIDEND OF
EUR 0.30 PER SHARE FOR 2022 FY
    * 2023 GUIDANCE TO BE SPECIFIED IN MAY
    * OUTLOOK 2023: EXPECT Q1 TO BE LOW POINT OF FY, WITH SALES
DOWN
IN LOW DOUBLE DIGITS
    * OUTLOOK 2023: COMPARABLE BASE WILL START TO EASE IN MAY
AND IN
SECOND HALF OF YEAR

Source text for Eikon:  ID:nGNE4bhYGk 
Further company coverage:  MDM.PA 

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