Maisons du Monde: Oddo BHF still on hold
(CercleFinance.com) - Oddo BHF maintains its 'neutral' rating on Maisons du Monde shares, with an unchanged target price of E5, after the company this morning reported a net loss of -E115.
3m for 2024, compared with E8.8m the previous year.
EBIT came in at E1.2m vs. E45.8m, slightly below analysts' expectations (E7.4m), although in line with management's comments at the time of publication of interim sales at the beginning of February, the analyst says.
Oddo BHF points out that the transformation plan (adaptation of the offering, cost-cutting program, reduction in capital intensity, etc.) seems to it consistent with the economic environment, and should limit the decline in FCF.
The savings plan has been raised to E100m over 3 years from the E85m previously announced, but the extent to which margins will be restored remains uncertain at this stage (we are expecting an EBIT margin of 7.1% in 2026 vs. 9.7% in 2019), the broker concludes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
3m for 2024, compared with E8.8m the previous year.
EBIT came in at E1.2m vs. E45.8m, slightly below analysts' expectations (E7.4m), although in line with management's comments at the time of publication of interim sales at the beginning of February, the analyst says.
Oddo BHF points out that the transformation plan (adaptation of the offering, cost-cutting program, reduction in capital intensity, etc.) seems to it consistent with the economic environment, and should limit the decline in FCF.
The savings plan has been raised to E100m over 3 years from the E85m previously announced, but the extent to which margins will be restored remains uncertain at this stage (we are expecting an EBIT margin of 7.1% in 2026 vs. 9.7% in 2019), the broker concludes.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.