Maisons du Monde: The latest figures, news and market research on Maisons du Monde

Turnover: 1.13 billion EUR (2023)

Country: France

Maisons du Monde is a French home furnishings and decoration company founded in Brest in 1990 by Xavier Marie. At the end of 2017, it had 292 stores in France, Italy, Spain, Luxembourg, Belgium, Germany and Switzerland. There are currently 20 stores in Belgium. The number of employees and sales in this particular area are not known

january 28, 2021 - Maison du Monde in front of Covid - Source(Les Echos investir)

The company suffered a 10% drop in EBITDA in 2020
Second-half 2020 sales up 4.8% year-on-year to 693 million euros
Fourth-quarter sales of 372 million euros, down 1.5% year-on-year
"The loss of sales linked to this confinement under Covid-19 is of the order of 50 million euros in the fourth quarter (-60 million euros in stores, +10 million euros online)."
In 2020, Maisons du Monde opened nine new stores and closed 16

News

Reduced product range, new customer path: the Maisons du Monde shake-up 20/05/2024

- Internet sales: 50% of total sales
- Store target for 2026: 400 units (50 more than at present)

Maisons du monde accelerates local digital marketing with Armis and Partoo 01/05/2024

- Project: Enable the group's 350 stores to manage their Google My Business page online, their marketing campaigns and, tomorrow, their Google reviews
- **350 group stores** involved in the project.
- **38%** of Maisons du Monde sales are generated online.
20%** of sales are generated using an in-store order-taking application.

Maisons du Monde plans to close 50 stores 12/03/2024

The home furnishings and decoration chain currently has 340 stores.
The company plans to close or transfer 40 to 50 stores by 2026.
The company's net profit is 74% lower in 2023 than in 2022, at 8.8 million euros.
The company aims to have almost 30% of the network under affiliation or franchise by 2026.
Maisons du Monde generates 55% of its business in France.
The company's sales fell by 9.3% in 2023, to 1.13 billion euros.

Maisons du Monde plans to close or transfer between 40 and 50 stores and convert 30% of its network to affiliates/franchises 12/03/2024

- Target savings of 85 million euros over three years.
- Currently 340 stores.
- Announcement of "40 to 50 store closures or transfers".
- Transition to an affiliation or franchise model for 30% of the network by 2026.
- Target of 400 points of sale by 2026.
- Furniture share to be increased in business parks (for a balance of around 55/45 versus 50/50 today).
- Conversely, in city-center stores (2/3 decoration 1/3 furniture).

Maisons du Monde: second consecutive year of sales decline 31/01/2024

2022 showed a decline of -5%. In 2023, a further decline of -9.3% occurred.
Maisons du Monde posted sales of 1.125 billion euros in 2023, down 9.3%.
In France, sales reached 623 million euros, down 6.2% in 2023.
The average for the furniture sector was -1.9% (+1% for home furnishings) for the first ten months of 2023.
The Group has 70% of its sofa and home furnishings ranges "made in France".
Maisons du Monde's great rival, Ikea, saw its sales jump by 16% in France, to 3.8 billion euros in its last financial year.

Ikea lowers prices, Maisons du monde in trouble 27/10/2023

Ikea competitor Maisons du Monde saw its sales fall by 9.4% to 252.3 million euros in the third quarter of its 2023 financial year.
Maisons du Monde sales fell by 13.6% internationally, while in France they were down by only 5.6%.
Maisons du Monde's sales for the first 9 months of 2023 were 795.7 million euros, a decline of almost 10%. Maisons du Monde forecasts a 10% drop in sales for 2023
Ikea, the French furniture market leader, has posted record sales of 3.8 billion euros for its 2022-2023 financial year, an increase of 16% on the previous year.
In 2021, Ikea has raised its prices by an average of 9% worldwide.
In France, Ikea opened its 34th major store in Nice.
In 2021-2022, Ikea achieved sales growth of 13.4% in France
Growth was driven by bedroom (+34%) and kitchen (+14%) sales.

Maisons du Monde in battle to limit damage 28/07/2022

Action plan for the second half Limiting the decline in sales and restoring gross margin by 2023

Maisons du Monde revises its results downwards. 30/05/2022

Sales down for 2022 and earnings revised downwards, from 9% to 5%.
Targets announced for 2025 (sales of 2 billion euros vs. 1.3 today) are further away.
Cash flow, meanwhile, has been more than trebled, dropping from a forecast of 65 to 75 million euros to a range between 10 and 30 million euros.

Maisons du Monde generates 33% of its sales online 10/03/2022

Online sales to rise from 33% of sales of
Sales of 1.3 billion euros by 2021
French enthusiasm for home furnishings, with like-for-like growth of 13.4%
a rich physical network of 357 stores in France and abroad
present in Austria, Portugal, Italy, Spain, Belgium and Switzerland
Ebit of 123 million euros, almost 10% of sales, up almost 40%

Financial Data

DUNS: 383196656

Legal Name: MAISONS DU MONDE FRANCE

Address: 8 RUE MARIE CURIE , 44120 VERTOU

Number of employees: Entre 2 000 et 4 999 salariés (2021)

Capital: 57 375 590 EUR

Financial Data:

Year	2022	2021	2020	2019	2018	2017	2016	2015
Turnover	1 005 048 532	1 082 419 258	945 580 084	970 960 940	908 054 864	858 253 059	780 478 011	621 533 661
Gross margin (€)	587 101 448	651 359 409	563 504 645	567 537 221	534 386 932	512 027 147	484 548 699	-
EBITDA (€)	82 225 200	148 313 242	98 356 746	116 208 018	116 206 929	109 575 257	97 897 859	-
Operating profit (€)	54 077 532	117 722 571	75 490 893	98 743 209	98 975 525	93 842 216	84 353 282	-
Net profit (€)	30 536 281	80 738 600	44 767 119	54 897 383	71 274 178	53 266 803	38 456 290	29 618 327
Turnover growth rate (%)	-7,1	14,5	-2,6	6,9	5,8	10	25,6	-
Ebitda margin rate (%)	8,2	13,7	10,4	12	12,8	12,8	12,5	-
Operating margin rate (%)	5,4	10,9	8	10,2	10,9	10,9	10,8	-
Working Capital (turnover days)	10,2	1,8	-66,5	18,3	37,1	16,4	36,9	-
Working Capital requirements (turnover days)	42,4	57,9	49,2	58,8	66,7	37,2	42,5	-
Net margin (%)	3	7,5	4,7	5,7	7,8	6,2	4,9	-
Added value / Turnover (%)	21,9	27,9	25,1	26,4	27,2	27,1	27,3	-
Wages and social charges (€)	136 628 324	140 087 574	124 032 255	127 423 466	116 952 521	108 514 161	97 773 232	-
Salaries / Turnover (%)	13,6	12,9	13,1	13,1	12,9	12,6	12,5	-