Q1 2022 revenue of €37.6m in line with targets


February 9, 2022., European specialist in the online sale of furniture and decoration, today announces its unaudited turnover for the first quarter of the 2021-2022 financial year (from October 1 to December 31, 2021). achieved revenue of €37.6 million for the first quarter of its 2021-2022 financial year, i.e. a limited drop of 14.8% over one year, as expected and in line with the announced objective, compared to the ambitious performance achieved in Q1 2020-2021 (+68.1% of turnover) in response to the strong demand from European customers during the health crisis and the store closures that followed.

However, the level of activity recorded in Q1 2021-2022 remains sustained with revenues up 43.3% compared to Q1 2019-2020 before the outbreak of the health crisis.

A high basis of comparison in all regions

IFRS (in thousands of euros)
First quarter ended December 31
2020 2021 2022 Change
France 14,947 24,413 19,979 -18.2%
Northern and Eastern Europe[1] 7,231 13,301 11,713 -11.9%
southern Europe[2] 4,082 6,437 5,930 -7.9%
Total 26,259 44 152 37,621 -14.8%

France achieved a turnover of 20.0 million euros in the first quarter 2021-2022, down 18.2% year-on-year after an increase of 63.3% in the first quarter 2020-2021.

Export sales fell less, at -10.6%, despite a particularly difficult comparison base in Q1 2020-2021 where revenues jumped 74.5%. Northern and Eastern Europe generated revenue of €11.7 million, down 11.9%, southern Europe records the most limited decline of the regions with a turnover of €5.9 million, down 7.9%.

All regions achieved double-digit growth compared to Q1 2019-20.

Base effect even stronger in Q2 2021-2022 expects similar developments in Q2 2021-2022, where the base effect will be even stronger (revenue growth of 75.5% in Q2 2020-2021), followed by a gradual improvement during the second half of the financial year.

Beyond the quality of its offer and the wealth of its services, the Company intends to take advantage of the high level of product availability achieved thanks to the diversification of suppliers to continue to satisfy and retain its customers and fully capitalize on digitalization. in the European furniture and decoration market. Marlet. will also continue to roll out the profitable growth strategic plan announced in October 2021, in particular through the upcoming launch of the marketplace in the second half of the year.

Next publication: H1 2022 revenue, Wednesday May 11, 2022

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Founded in 2006, (Euronext Growth – ALVU), a subsidiary of the Cafom group (Euronext – CAFO), is a European specialist in the online sale of furniture and decoration. The Company covers 11 countries (France, Germany, Austria, Belgium, Spain, Italy, Luxembourg, Netherlands, Poland, Portugal and Switzerland) and has supplied more than 2 million customers since its creation. Sales of for the 2020-2021 financial year amounted to 163 million euros, up 38%.

[1] Austria + Belgium + Germany + Luxembourg + Netherlands + Poland + Switzerland

[2] Italy + Portugal + Spain

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