Maisons du Monde: "No profit warning!", shares jump

Maisons du Monde SA

31/01/2020 08:07

** Shares in decor store operator Maisons du Monde  MDM.PA 
jump 7.7% and set for the best day in 9 months
    ** The company says unaudited FY sales rise 10.3% while net
store openings and estimated EBITDA margin are in line with
expectations  urn:newsml:reuters.com:*:nFWN29Z0WC
    ** "No profit warning!" Midcap Partners says
    ** JPMorgan says: "The broadly in-line FY19 EBITDA result is
better than feared, and (we) expect the shares to move higher,
particularly in the context of the depressed valuation"
    ** The core Q4 LFL growth is below sell-side consensus, the
brokerage adds, but broadly in-line with investor expectations
    ** The better-than-expected 41 store openings have helped
growth as well and offset the 13 repositioning-related closures,
Midcap Partners says
    ** "This publication remains reassuring for us and we still
think the valuation does not reflect the company's
fundamentals," the brokerage adds
    ** Stock on top of France's SBF 120  .SBF120  

 (piotr.lipinski@tr.com)