Roche Bobois: share falls after disappointing sales in 2024

(CercleFinance.com) - Roche Bobois shares fell over 6% in Paris on Friday, after reporting FY 2024 sales that fell short of its target.


The upmarket furnishing retailer generated sales that are down 4% to E414m last year, below its forecast of E418m.

However, it reports a return to growth in Q4, with sales up 3.5% to E113.4m, notably thanks to the contribution by China, recently integrated into the group.

In terms of profitability, the retailer - which also owns the Cuir Center brand - confirms that it is targeting recurring operating income (Ebitda) of between E72m and E76m for 2024, in line with its previous announcement.

In a reaction note, analysts at TP ICAP Midcap refer to "unsurprising" full-year sales, while deeming the consensus for 2025 "over-optimistic", leading them to renew their "sell" recommendation on the stock, along with a target price of E35.

In the wake of this publication, Roche Bobois shares were down 6.2% at lunchtime on Friday, one of the biggest fallers in the Paris market.


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