Maisons Du Monde, a French furniture and home decor company, has reported 3.5 per cent sales decrease to €1,182.1 million in its complete fiscal 2020 ended on December 31, 2020 compared to the sales of €1,225.4 million in the previous fiscal. However, company's online sales for the year jumped 29.2 per cent representing 33 per cent of total sales.
Maisons Du Monde, a French furniture and home decor company, has reported 3.5 per cent sales decrease to €1,182.1 million in its complete fiscal 2020 ended on December 31, 2020 compared to the sales of €1,225.4 million in the previous fiscal. However, company's online sales for the year jumped 29.2 per cent representing 33 per cent of total sales.#
“This performance attests to the high level of our customer loyalty, the relevance of our distinctive product offering and the strength of our omnichannel model, which reached a new milestone in November with the launch of our curated marketplace in France,” Julie Walbaum, chief executive officer of Maisons du Monde, said in a press release.
Maisons Du Monde, a French furniture and home decor company, has reported 3.5 per cent sales decrease to €1,182.1 million in its complete fiscal 2020 ended on December 31, 2020 compared to the sales of €1,225.4 million in the previous fiscal. However, company's online sales for the year jumped 29.2 per cent representing 33 per cent of total sales.#
The company’s gross margin for FY20 was €778.4 million (FY19: €800.4 million). EBITDA fell 7.2 per cent to €240.6 million (€259.2 million). Operating profit dipped to €40.7 million (€114.2 million).
Maisons Du Monde, a French furniture and home decor company, has reported 3.5 per cent sales decrease to €1,182.1 million in its complete fiscal 2020 ended on December 31, 2020 compared to the sales of €1,225.4 million in the previous fiscal. However, company's online sales for the year jumped 29.2 per cent representing 33 per cent of total sales.#
Regionally, sales in France were down 6.7 per cent to €627.9 million (€672.6 million), while international sales grew marginally 0.3 per cent to €554.2 million (€552.8 million).
Maisons Du Monde, a French furniture and home decor company, has reported 3.5 per cent sales decrease to €1,182.1 million in its complete fiscal 2020 ended on December 31, 2020 compared to the sales of €1,225.4 million in the previous fiscal. However, company's online sales for the year jumped 29.2 per cent representing 33 per cent of total sales.#
During FY20, sales of decoration products decreased 2.1 per cent to €648.6 million (€662.2 million) and furniture sales dropped 5.3 per cent to €533.5 million (€563.2 million).
Maisons Du Monde, a French furniture and home decor company, has reported 3.5 per cent sales decrease to €1,182.1 million in its complete fiscal 2020 ended on December 31, 2020 compared to the sales of €1,225.4 million in the previous fiscal. However, company's online sales for the year jumped 29.2 per cent representing 33 per cent of total sales.#
“As we enter 2021, the robustness of our model gives us confidence even as we continue to face external challenges: 17 per cent of our stores are currently closed while another 10 per cent are only open about 70 per cent of the time. Under current sanitary conditions, we expect full-year 2021 top line to grow in the high single-digit range, thanks to a robust first half,” Walbaum said.
Fibre2Fashion News Desk (JL)
20240620103915.png)
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
