PRESS RELEASEMAISONS DU MONDE: FIRST-HALF 2020 RESULTSNANTES – 28 July 2020, 17:45 CEST – Maisons du Monde (Euronext Paris: MDM; ISIN: FR0013153541), a European baton in affordable and adorning domiciliary adornment and furniture, today publishes the Group’s unaudited1 circumscribed after-effects for the six-month aeon concluded 30 June 2020. * Sales1 reflect Covid-19 impact: €489 actor (-13.3%), with a better-than-expected achievement in 2Q acknowledgment to: * Excellent online dynamics: 51% * Able post-lockdown drive at abundance level: 18% * Airy EBITDA1: €69 actor (margin: 14.1% vs 17.2% 1H19), enabled by the abounding commitment of the Group’s cost-cutting plans, including acting unemployment measures * Able banknote position at 30 June: €437 million, consistent from alive banknote administration affairs * RCF drawdowns: €150 actor * State-guaranteed appellation loan: €150 actor * Chargeless banknote flow: € 43 actor * Advancement investments in cardinal priorities while absolute alert on 2H20 achievement accustomed the awful ambiguous environment Julie Walbaum, Chief Executive Officer of Maisons du Monde, commented:“Maisons du Monde’s first-half achievement reflects the absolute COVID-19 action plan we apace implemented to abate the furnishings of the communicable on EBITDA and chargeless banknote flow. The ability and animation of our omnichannel archetypal led to a bigger than accepted Q2 performance, acceptance us to accommodate our absolute sales bead to 13% in the aboriginal half. This achievement is the aftereffect of our acute focus on our online operations throughout the lockdown period, from business to accumulation alternation optimization, and the able drive we empiric in our food at reopening, demonstrating the backbone and abode of our brand. The aberrant banknote canning and bulk acid measures we anxiously implemented produced the planned effects, as we concluded the aboriginal bisected with a able banknote position of €437 million.While advancement banking discipline, we connected our investments in our two cardinal priorities, namely the development of our barter and of our added warehouse, in adjustment to abutment our mid- and abiding growth. Accustomed the awful ambiguous ambiance and the challenges airish by this year’s aberrant context, we accept it is not adapted to accommodate advice for the blow of the year. However, alike if our second-half achievement should appearance an advance over the aboriginal six months, we currently apprehend it to be beneath its 2H19 level. Nevertheless, our achievement in this aloft crisis strengthens the aplomb we accept in our fundamentals and the appliance of our omnichannel and all-embracing strategy.”First-Half 2020 ActivitySalesThe Group’s first-half 2020 sales totaled €489 million, bottomward alone 13.3% year-on-year (yoy)(-17.5% LFL), due to a bigger than accepted 2Q20 achievement afterward the COVID-19 lockdown period, which saw the absolute abundance arrangement bankrupt for 8 weeks from mid-March to mid-May. Maisons du Monde sales were bottomward alone 14% to €468 actor (-17.3% LFL) while Modani’s sales of €19.7 actor were almost banausic (-2.8%). Rhinov added €1.3 million.Online sales performed decidedly well, announcement 25% advance ( 51% in the 2nd quarter) to ability €186 million, apery 38% of absolute Group sales. Absolute 1st bisected abundance sales decreased 27% to €303 million, accurate by aerial advance ( 18%) in abundance sales column COVID-19 lockdown. Sales in France were €252 million, while all-embracing sales totaled €237 actor and represented 48% of absolute sales (45% in 1H 2019).In agreement of sales breach by artefact category, appliance sales represented 51.5% of absolute 1st bisected sales, accepting 2.2 credibility in the mix. Summary of sales (in € million)1H201H19% Change2Q202Q19% Change Sales488.9564.0-13.3$5.2283.7-13.6% % like-for-like change-17.5% 4.4% -16.2% 6.5% Maisons du Monde467.9543.8-14.0#6.2272.4-13.3% % like-for-like change-17.3% 4.4% -15.3% 6.5% Modani19.720.3-2.8%8.411.4-26.1% Rhinov1.3- 0.6- Sales by administration channel Stores302.9415.1-27.09.4207.0-37.5% Online185.9148.9 24.95.876.7 50.9% Food (%)62.0s.6% 52.8s.0% Online (%)38.0&.4% 47.2′.0% Sales by geography France252.1307.5-18.04.7151.2-17.5% International236.8256.6-7.70.5132.5-9.1% France (%)51.6T.5% 50.8S.3% All-embracing (%)48.4E.5% 49.2F.7% Sales by artefact category Decoration237.0285.8-17.11.0136.6-18.7% Furniture251.9278.2-9.54.2147.1-8.8% Adornment (%)48.5P.7% 45.3H.1% Appliance (%)51.5I.3% 54.7Q.9% Abundance NetworkMaisons du Monde’s European food gradually reopened from 11 May through 1 June. The two Maisons du Monde food in Florida were bankrupt assuredly on 31 May.Modani food progressively reopened alpha 11 May, and 15 food (out of 18) were accessible as of 30 June. The bearings in the US charcoal complicated, abnormally apropos the change of the COVID-19 communicable in altered states. At 30 June 2020, Maisons du Monde’s all-around abundance arrangement stood at 366 stores, a net abatement of 10 food compared to the end of 2019 as the Group optimizes its footprint. During the aboriginal bisected of 2020, Maisons du Monde opened 2 food in France (Strasbourg and Paris), while Modani opened 1 abundance in the accompaniment of New York. During the aforementioned period, 8 food were bankrupt in France, 1 in Belgium,1 in Germany and 3 in the United States (1 Modani abundance in Texas and Maisons du Monde’s 2 food in Florida).Online ActivityOnline cartage added by added than 30% in the aboriginal bisected of 2020 ( 65% post-lockdown). Advance in assertive countries was abnormally aerial (Germany 55%; Belgium 74%; Switzerland 87%).
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