France · Delayed Price · Currency is EUR Maisons du Monde Earnings Call Transcripts
Fiscal Year 2025
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Q4 and FY sales declined, but H2 showed stabilization and growth in international markets. Retail stores remained resilient, while online sales improved but still lagged. Cost discipline, digital transformation, and enhanced marketing are key 2026 priorities.
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Q3 2025 saw a 4.9% sales increase, with strong growth in Southern Europe and improved customer satisfaction. The company continues its transformation, focusing on new store concepts, digital tools, and category expansion, while maintaining caution amid ongoing market uncertainty.
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Net sales fell 9.7% year-over-year, but sequential improvements and a rebound in online traffic were seen. EBIT was negative at EUR -22 million, with cost-saving measures and inventory buildup expected to support H2 recovery. Positive trading momentum continued into July.
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Q1 2025 sales fell 9.9% like-for-like amid tough markets, but transformation efforts, new products, and revamped stores drove resilience. Online sales dropped sharply, but corrective actions are underway. Free cash flow target extended to 2027 due to ongoing macroeconomic headwinds.
Fiscal Year 2024
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2024 saw a major transformation with a focus on omnichannel balance, cost savings, and customer engagement, resulting in EUR 15 million free cash flow despite sales declines. Gross margin remained strong, and the company is on track for its EUR 100 million cash target by 2026.
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Q4 2024 sales fell 9.5% year-over-year amid weak consumer demand and real estate markets, but cost savings and positive free cash flow were achieved. Store renovations and loyalty initiatives drove customer engagement, while further cost reductions and omnichannel strategies are planned for 2025.
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Q3 2024 sales fell 15.3% year-over-year due to macro headwinds and store renovations, but September showed improvement. Transformation initiatives, cost savings, and new customer engagement programs are on track, with Q4 renovation impact expected to be limited.
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H1 2024 saw a 9.6% sales decline and a €5.8M EBIT loss, but transformation initiatives are delivering strong results in revamped stores. Cost savings and inventory optimization supported stable free cash flow, with no major margin changes expected in H2.