(AOF) – Miliboo, a digital furniture brand, has published its turnover for the third quarter (November 1, 2022 to January 31, 2023) and the first 9 months of the 2022-23 financial year. In an economic context that weighs on household budgets, the company recorded third quarter sales of 11 million euros, down 4.4% compared to the same period last year. pass. 9-month turnover increased to 32.3 million euros, up 8.2%.
This level represents a new activity record for the Group over the period.
On the outlook side, faced with an economic context offering little visibility, Miliboo aims to continue to optimize its gross margin rate and control operating costs, in order to confirm its return to operational profitability.
The group will communicate its annual turnover for 2022-2023 next Thursday, June 1 (after market).
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Concerns remain
According to the Federation of Specialized Trade, Procos, in October 2022, activity fell by 1.5% over one year. Nevertheless, the beauty and health (+ 5.2%) and specialized food (+ 3.5%) activity is dynamic compared to October 2021. The frequentation of the points of sale was very impacted by the problems of fuel and bad weather. Compared to October 2019, the pre-covid year, the drop in attendance is very sharp (-20.9% in October). Shopping centers and the outskirts are more impacted than city centers with a difference of four to five points.
Several reasons for concern exist for the future. The players are experiencing a very significant scissor effect given the increase in their operating costs while the evolution of demand is very uncertain. Very few brands can pass on the increase in their costs to their selling prices. The federation therefore asks, among other things, to limit the indexation of the Commercial Rent Index to + 3.5% for the rents of all companies in 2023. It also invokes an absolute urgency: to cap the price of energy for 2023 and retroact on the contracts already signed to prevent the rate of failures from accelerating.