Miliboo announced on Thursday evening that it had closed its 2022-2023 financial year with "solid" growth of 7.5% in Q4, in an environment still deemed difficult for household consumption.

The digital home furnishings brand reported sales of almost 9.9 million euros for the period February 1 to April 30, compared with 9.3 million euros a year earlier.

In a press release, the "trendy" furniture specialist refers to "more qualitative" growth from its own distribution channels (Miliboo website and boutiques) and less reliance on third-party marketplaces.

The company stresses that this favorable dynamic has been accompanied by a rise in gross margin, pointing to an improvement in operating profitability in the second half of the year.

Sales for the year as a whole came to 42.3 million euros, up 8%.

In terms of outlook, Miliboo says it perceives a "still morose" consumer environment, while declaring its ambition to continue to gain market share and follow a profitable growth trajectory.

Following this publication, the share gained 2% on Friday on the Paris Bourse, bringing its gains for the week as a whole to over 14%.

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