Maisons du Monde's share price fell on the Paris Bourse on Thursday, following the publication of annual results in line with its objectives, but which failed to convince investors.

At around 12:00 pm, the share price of the home furnishings and decoration retailer fell by more than 8%, with the Paris market down 0.3%.

In a press release issued this morning, the Nantes-based group said that sales fell by 5.1% to 1.24 billion euros last year, in line with its forecast of a mid-single-digit decline in business.

Its EBIT margin of 5.5% and free cash flow of 32 million euros are also in line with its annual targets of a margin of 5% or above and cash flow of between 10 and 30 million.

Maisons du Monde - which says it intends to specify its targets for 2023 in May - has specified that its medium-term outlook for 2025 remains for the time being subject to "better visibility".

For the time being, the retailer says it intends to strengthen its balanced growth model and improve store operations, with a view to returning to a "higher" level of profitability and cash flow.

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