Maisons du Monde: annual sales down 11%
(CercleFinance.com) - Maisons du monde dropped more than 5% after announcing sales of one billion euros for 2024, down 11.
2% (-10.2% LFL), with declines of 14% in decoration and 7.3% in furniture.
We are now at the heart of the ambitious transformation driven by our Inspire Everyday plan, in a still difficult economic environment, management commented.
The first encouraging signs from our brand and customer initiatives reinforce our confidence for the future, he continued, pointing to cost reductions and the generation of positive FCF in 2024.
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