Maisons du Monde up on better-than-expected free cash flow, in-line results

Maisons du Monde SA

10/03/2022 09:22

** Shares in Maisons du Monde  MDM.PA  are up 4.7% after
company publishes better-than-expected free cash flow and
broadly in-line FY results  urn:newsml:reuters.com:*:nL5N2VD0ZT
    ** French home furnisher publishes current operating income
for FY at 115.7 million euros ($127.76 million) vs 126.7 mln
euros expected, according to Midcap Partners
    ** Brokerage calls results "solid", although "in line with
expectations"
    ** "Free cash flow generation is significantly higher than
our expectations, reaching 90 mln euros (vs 46 mln euros
expected)" - Midcap Partners
    ** Brokerage also points out good resilience of gross
margin, stable at 66.5%, and a significant investment in
marketing spend (+46%), mainly explaining difference with
analyst's expectations
    ** Stock is among top performers on SBF 120 index  .SBF120 


($1 = 0.9056 euros)

 (Reporting by Clement Martinot)
 ((clement.martinot@tr.com))