Brief: Maisons Du Monde Q1 Sales Down At Eur 313 Mln

Maisons du Monde SA

04/05/2022 06:11

May 4 (Reuters) - Maisons du Monde SA  MDM.PA :
    * MAISONS DU MONDE FIRST QUARTER 2022
    * GROWTH EXCEEDING PRE-PANDEMIC PERFORMANCE AT ALL LEVELS
    * Q1 SALES: EUR 313 MILLION (-1.3% YOY; -4.0% LFL
    * GROSS MERCHANDISE VOLUME(2) (GMV): EUR 329 MILLION (STABLE
YOY;
+21% VERSUS Q1 2019)
    * ONLINE SALES DOWN 13% VERSUS Q1 2021 HIGH COMPARISON BASE,
UP A
STRONG 46% VERSUS Q1 2019 * MARKETPLACE GMV +43% YOY
    * STORE SALES UP 6% YOY, +5% VERSUS Q1 2019
    * FY 2022 GUIDANCE CONFIRMED, ASSUMING NO FURTHER
DETERIORATION OF
MACRO-ECONOMIC AND SUPPLY CHAIN CONDITIONS
    * TOTAL GMV OF EUR 329 MILLION WAS STABLE YOY THANKS TO A
VERY
STRONG 43% INCREASE IN MARKETPLACE GMV
    * COMPLETED ITS EUR 50 MILLION "ESG IMPACT" SHARE BUYBACK
PROGRAM
LAUNCHED LAST OCTOBER
    * RECOMMENDED APPOINTMENT OF TELEIOS, REPRESENTED BY ADAM
EPSTEIN,
ITS CEO, AND OF GABRIEL NAOURI, CEO OF MAJORELLE INVESTMENTS AS
NEW MEMBERS OF BOARD OF DIRECTORS
    * SUCH APPOINTMENTS WILL BE SUBMITTED TO SHAREHOLDERS'VOTING
AT
NEXT GENERAL MEETING ON MAY 31, 2022
    * ENTERED INTO TWO AGREEMENTS, ONE WITH TELEIOS AND ONE WITH
MAJORELLE, TO GOVERN THESE GOVERNANCE TOPICS

Source text for Eikon:  ID:nGNE5hg8TR 
Further company coverage:  MDM.PA 

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