Solid Full-year 2020 results demonstrating the strength of the brand and business model

Discover the key highlights of Maisons du Monde's Full-year 2020 results

Strong financial results

  • Good commercial performance: Sales of €1,182 million (-3.5%), underscoring high customer loyalty, differentiated offering and strong omnichannel model; return to growth in H2 (+ 4.8%); FY online up 29%
  • Resilient profitability: EBITDA margin of 20.4% (vs 21.1% in 2019) thanks to good commercial dynamics and cost control
  • Solid cash generation: Free cash flow of €54 million; net debt down €47 million, leading to leverage ratio of 0.8x vs 0.9x end of 2019

Active capital allocation

  • Refund of the €150 million state-guaranteed loan in Q2 21
  • Proposed dividend of €0.30 per share
  • Strategic review of US assets in progress, €51 million impairment

2021 guidance under current sanitary conditions

  • High single-digit top line growth yoy, with broadly unchanged number of stores at year-end
  • An improved EBIT margin, increasing by up to 50 basis points vs 2020
  • Free cash flow above its 2020 level

Download the press release

2020 was an unprecedented year and Maisons du Monde rose to the challenge, displaying agility and resilience and staying true to our values of customer proximity and societal responsibility. I am proud of what we accomplished and would like to thank our teams for their remarkable dedication throughout the year.

Thanks to a very strong second-half performance, with sales up 4.8%, and further ramp-up in digital, our full-year sales exceeded our expectations, coming in at nearly 1.2 billion euros despite a total of three months of Covid-19-related lockdowns. Our EBITDA margin at 20.4% and EBIT margin at 7.3% were equally robust as we controlled costs. Thanks to our reinforced cash management, we generated free cash flow of €54 million and our cash position at year-end came in at a solid €297 million.

This performance attests to the high level of our customer loyalty, the relevance of our distinctive product offering and the strength of our omnichannel model, which reached a new milestone in November with the launch of our curated marketplace in France. We also accelerated our efforts on our merchandise sustainability, improving by 4 points the share of sustainable wood in our furniture products and launching our first Oeko-Tex-certified offer, which already represents 25% of our total textile offer.

Discover Julie Walbaum's interview