(CercleFinance.com) – Miliboo reported last night a “solid and resilient” turnover for the 2021-22 financial year, a performance which did not seem to completely convince investors on Wednesday morning since the title lost land on the Paris Stock Exchange.
The trendy furniture specialist unveiled annual sales of 39.2 million euros, down 4%, for the 12 months to the end of April.
Guillaume Lachenal, its CEO and founder, evokes a turnover “very close” to the “record” level of activity achieved in 2020-21, despite a context deemed much less favorable.
Miliboo explains that it had to deal with strong tensions on its supplies, which regularly affected the availability of its products and led to a gradual increase in its costs.
Revenue for the 4th quarter of 2021-22 was thus down 14% at 9.3 million euros.
In its press release, the distributor nevertheless said it was confident in its ability to deliver a profitable 2021-22 Ebitda despite the impact of inflationary pressures on its margins.
Regarding its new 2022-23 financial year, Miliboo says it wants to return to growth despite a consumer environment described as ever more complex and volatile.
Following this publication, its title fell by 3.7% at the end of the morning on Wednesday at the Paris Stock Exchange.