Roche Bobois SA, the French family-owned furniture group, has entered 2025 with "ambitious expectations", despite ongoing challenges in the global furniture market. The group reported a modest rise in early-year revenue from directly operated stores, up 3.8% at current exchange rates to €71.1 million, with strong double-digit growth at its Cuir Centre brand. Total revenue, including franchisees, reached €114 million, representing a slight increase of 0.3%.
For the full year 2024, Roche Bobois posted a turnover of €414 million, marking a 3.6% drop at current exchange rates. Despite the decline, results were described as "resilient" and "in line" with expectations. The company effectively managed operating costs to cushion the effects of reduced volumes and the initial impact of newly integrated stores still ramping up.
Current EBITDA for 2024 stood at €74.4 million, with a consolidated EBITDA margin of 18%, and a healthy financial base including €55 million in gross cash and a positive net cash position. The group also reported strong self-financing capacity of €75 million and nearly €36 million in free cash flow.
Looking ahead, Roche Bobois aims to resume growth in both turnover and profitability. The company expects benefits from improved performance at new stores and the integration of the Chinese market. It holds a solid order backlog of €134.7 million to support early 2025 deliveries.
Expansion efforts continue with new store openings planned in Austin, Las Vegas, and Herblay. Premium relocations are also underway in Grenoble and London's Hampstead, alongside another project in Luxembourg.
Roche Bobois remains confident in its long-term strategy and ability to weather ongoing market uncertainties.
Source: www.meuble-info.fr