(CercleFinance.com) – Miliboo soared 27% on Wednesday on the Paris Stock Exchange after reporting a record of activity for its first fiscal half-year and a return to a high gross margin, higher than 60%.
The furniture specialist says it generated turnover up 1.7% to 21.7 million euros over the first six months of its 2023-24 financial year, ending at the end of October, a level never reached until ‘here.
Miliboo also displays a largely positive Ebitda, at 1.6 million euros, compared with a loss of 1.6 million at the end of the first half of 2022-23.
The half-year net result is also profitable, at 1.2 million euros.
The company explains that its profitability has increased significantly, as expected, thanks in particular to the rigorous management of its operating expenses, which has enabled its gross margin to rebound from 51.1% to 60.9%, an improvement of almost ten points.
Despite an economic situation considered less favorable to consumption, the group has set itself the objective of continuing its profitable growth trajectory over the coming months.