PRESS RELEASE
MAISONS DU MONDE: FULL-YEAR 2018 TRADING UPDATE
Full-year 2018 sales and results [1] in line with targets, demonstrating
Maisons du Monde's resilience in a fourth quarter marked by
exceptional trading conditions in France
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Sales up 10% year-on-year, of which +7.4% at constant perimeter
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Nantes, 22 January 2019
Given the context of the "Yellow Vests" movement that marked the fourth quarter of 2018 in France, Maisons du Monde (Euronext Paris: MDM, ISIN Code: FR0013153541) is issuing today an exceptional trading update on its full-year 2018 sales and results ahead of the full publication.
Based on unaudited figures, Maisons du Monde confirms that its sales and results for the year ended 31 December 2018 are in line with the Group's full-year targets, which were adjusted in the third quarter to reflect an anticipated softer trading environment in France.
With year-on-year sales growth of 7.4% at constant perimeter, of which 3% like-for-like, and 10% including Modani, these unaudited figures for full-year 2018 demonstrate the strength of Maisons du Monde's omnichannel and international strategy, with continued momentum in online sales, including in France, and strong commercial dynamics across its European markets.
In the fourth quarter of 2018, Maisons du Monde reported sales growth of 5.6% year-on-year at constant perimeter, of which 2% like-for-like, and 9.3% including Modani. This performance was achieved despite a challenging retail environment in France, which was further impacted by the "Yellow Vests" movement.
Based on its initial review, Maisons du Monde also confirms its EBITDA margin target of above 13% of sales for full-year 2018.
In line with its updated targets, Maisons du Monde recorded 22 net openings in 2018, of which its first store in the United States under its banner, in addition to 3 net openings by Modani.
Maisons du Monde will release its fourth-quarter and full-year 2018 results on 12 March 2019.
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About Maisons du Monde
Maisons du Monde is a creator of inspirational lifestyle universes in the homeware industry, offering distinctive and affordable decoration and furniture collections that showcase multiple styles. The Group develops its business through an integrated and complementary omnichannel approach, leveraging its international network of stores, websites and catalogues. The Group was founded in France in 1996 and has profitably expanded across Europe since 2003. The Group posted sales of €1,011 million and EBITDA of €139 million for the year ended 31 December 2017. In 2017, the Group operated 313 stores in seven countries including France, Italy, Spain, Belgium, Germany, Switzerland, and Luxembourg, and derived over 38% of its sales from outside France. The Group has also built a successful complementary and comprehensive online shopping website, sales from which grew 35% per year on average between 2010 and 2017. The website is available in eleven countries: the seven countries where the Group operates stores plus Austria, the Netherlands, Portugal and the United Kingdom. In 2017, online sales represented 21% of the Group's sales.
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Contacts
| Investor Relations | Press Relations |
| Laurent Sfaxi - +33 2 51 71 52 07 | Clémentine Prat - +33 2 51 79 54 08 |
| lsfaxi@maisonsdumonde.com | cprat@maisonsdumonde.com |
[1] Unaudited figures.
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