Roche Bobois, headquartered in France, achieved new record revenue in 2023 of €429.5m, up 5.1% at current exchange rates and 6.1% at constant exchange rates. This performance is fully in line with the announced annual target (i.e 2023 revenue in excess of €425m, representing growth of 5%). It was based on a very strong fourth quarter (+7.0% at current exchange rates) marked by strong delivery momentum in all geographic regions.
On the strength of this solid level of business, Roche Bobois confirms that it is targeting EBITDA growth in 2023. The Group recalls that, for the second consecutive year, it paid an interim dividend of €1 per share (on 16 November 2023), in anticipation of its performance over the financial year.
Photo: Roche Bobois
In an economic environment that remains less favourable to the furniture sector, the Group demonstrated resilience after a record year in 2022. Aggregate retail sales (including franchises) were €601m at the end of 2023, with a fall limited to -7.9% at current exchange rates (-6.4% at constant exchange rates).
Accordingly, at the end of the 2023 financial year, Roche Bobois posted record revenue of €429.5m, up +5.1% from 2022, itself a record year at the time. At constant exchange rates, growth was +6.1%. This level of growth is fully in line with the announced ambitions.
- Roche Bobois in France posted revenue of €118.7m in 2023, up +5.8% from the 2022 financial year.
- Cuir Center posted revenue of €43.4m, up +8.8% from the 2022 financial year.
- The United States/Canada region generated revenue of €150.2m, compared with €144.8m at 31 December 2022, up +3.8% at current exchange rates, a strong level given the fact that the 2022 basis for comparison was high. At constant exchange rates, growth was +6.8%. This performance reflects the full-year contribution of three franchise buyouts (Houston, Dallas and Atlanta) and the opening of new directly operated stores this year.
- The Roche Bobois Europe (excluding France) region posted revenue of €106.0m, compared with €99.9m in 2022, representing growth of +6.1% at current exchange rates (+5.6% at constant exchange rates). This growth was driven by Spain (+26.5%), Italy (+24.9%) and Switzerland (+13.4%).
More information:
Roche Bobois
www.finance-roche-bobois.com