French furniture company Miliboo concluded its financial year for 2023-2024 with a notable growth rate of 2.3%, achieving a turnover of €43.3 million. This performance stands out as significantly better than the overall furniture market in France. Throughout the year, the company managed to offset the decline in sales volumes, which were limited to -3.9%, by increasing the average basket size.
Photo: Miliboo
In the fourth quarter of 2023-2024, Miliboo recorded a turnover of €10.1 million, marking a 1% increase compared to the same quarter in the previous year. The growth in sales volumes across various channels, by 5.8%, compensated for the decrease in average prices, primarily influenced by changes in the product mix.
In France, Miliboo achieved a turnover of €8.5 million, closely matching the performance of the previous financial year and surpassing the sector's decline (-5.8% in the first quarter of 2024 according to IPEA).
The annual turnover of €43.3 million represents the highest activity level achieved by Miliboo since its inception.
Internationally, the company closed the financial year with a 3.4% increase in turnover, driven by momentum in the second half of the year.
Source: www.meuble-info.fr