Maisons du Monde: one of few trading in black after solid Q3

Maisons du Monde SA

28/10/2020 08:37

** ** Shares in Maisons du Monde  MDM.PA  rise 2.6%, having
initially jumped over 6%, after the French furniture and home
decor company posted much better-than-expected Q3 figures 
    ** Q3 sales are up 13.3% year-on-year at 321 million euros 
($379.39 million)  urn:newsml:reuters.com:*:nFWN2HI0ZF
    ** JPMorgan says Q3 performance is solid and momentum is
continuing into the start of Q4
    ** Midcap Parnerts highlights expectations-beating sales
helped by pent-up post-lockdowns furniture demand
    ** "A good Q3 for nothing?" the brokerage asks however,
pointing to possible new COVID-19 restrictions lurking
    ** French president Macron is due to give a speech on
Wednesday evening with potential for some new restrictions
 urn:newsml:reuters.com:*:nL1N2HI322
    ** "At this stage we leave our FY 20 forecasts broadly
unchanged" with sales down 4%, JPM says
    ** Maisons du Monde shares are currently down about 9%​ YTD
per Refinitiv data, but the stock is one of very few trading in
black in Wednesday morning trade


($1 = 0.8461 euros)

 (kate.entringer@thomsonreuters.com)