Maisons du Monde set for best day ever post outlook hike

Maisons du Monde SA

26/10/2021 09:19

** Shares in Maisons du Monde  MDM.PA  surge around 20%
after the French home furnisher upped its FY guidance and
launched a share buy-back program 
    ** The company now expects FY FCF "materially" above 2020
levels, with sales growing by low teens, and EBIT coming at
margin of 9%-9.5%  urn:newsml:reuters.com:*:nASN001ST8
    ** Bryan Garnier is impressed by the extent of the EBIT
margin upgrade, expecting a 20% EBIT estimates lift
    ** "It seems that consumers spending reallocation from
discretionary goods towards travel and leisure was more limited
while the supply chain issues didn't materially affect products
availability and sales," the broker adds
    ** Citi says the company has "navigated the headwinds well"
and sees material upgrades to FY21 consensus estimates, rating
the company "buy"
    ** The stock has been up nearly 34% so far this year
    

 (Reporting by Olivier Sorgho)
 ((olivier.sorgho@tr.com))