Brief: Maisons Du Monde Q3 Sales Up 9.2%, Full-Year Targets Updated

Maisons du Monde SA

30/10/2019 16:45

Oct 30 (Reuters) - Maisons du Monde SA  MDM.PA :
    * Q3 2019 SALES UP 9.2% AT CURRENT EXCHANGE RATES (UP 8.8%
AT
CONSTANT EXCHANGE RATES) TO EUR 283.7 MILLION
    * FULL-YEAR 2019 TARGETS UPDATED: SALES GROWTH RAISED TO
AROUND
10.5% (VERSUS. AROUND 10%)
    * FULL-YEAR 2019 TARGETS UPDATED: 38-42 GROSS STORE OPENINGS
(REVISED FROM 35-40) AND 13-14 STORE CLOSURES FOR
RELOCATION (VERSUS. AROUND 10)
    * FULL-YEAR 2019 TARGETS UPDATED: EBITDA MARGIN OF C. 12.5%
OF
SALES, REDUCED FROM ABOVE 13% TO REFLECT
MODANI’S NEGATIVE CONTRIBUTION THIS YEAR

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

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