Miliboo climbed over 9% on the stock market this Friday after reporting 'solid' sales and a recovery in its margin in the third quarter of its offbeat financial year.
The home furnishings brand reported sales of 11 million euros, down 4.4%, in its third quarter 2022-23, ended January 31.
The company also reported a strong rebound in gross margin and a return to operating profitability over the quarter.
Its gross margin rate thus rebounded to over 57% on average over the 3rd quarter, up six points on the average for the 1st half and above that for the 3rd quarter 2021-22.
The 3rd quarter fully met our expectations and validated our strategic choices, despite a still-weak context for household consumption", commented Guillaume Lachenal, the company's CEO and founder.
Miliboo's CEO emphasized that the quarterly decline in sales was due to a demanding basis of comparison, and came solely from marketplaces, a less profitable channel.
On our own sales channels (stores and website), we continue to gain market share without massive recourse to promotional measures", he assures.
Listed on the Paris Bourse, the share climbed 9.8% on Friday after this publication.
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Miliboo specializes in the design and marketing of modern furniture on the internet. The company sells sofas, armchairs, chairs and stools, tables, case furniture, bathroom furniture, garden furniture as well as decorative articles (light fixtures, modesty screens, paintings, rugs, etc.).
Products are sold over the miliboo.com website and through 4 Milibootik stores in France.
France accounts for 86.8% of net sales.
MILIBOO 
