French century-old brand Rochburg is growing against the trend! Revenue in the first half of the year increased by 27%!

Sep 19, 2022

The latest news from home micro-news: Previously, the century-old French high-end furniture brand Roche Bobois updated its half-year performance report. The total sales in the first half of 2022 reached 203 million euros (about 1.4 billion yuan), an increase of 27.2% over the same period last year. %, setting a record for the best half-year turnover!

Much of this growth is due to Rochburg's surge in sales in the UK market. Half-yearly sales in its UK market totaled 11.5 million euros, up 76.4% from 2021. Home Micro News previously reported that "The French century-old brand Rochburg performed well in the first half of the year, and UK sales soared by 76%! ", introduced its outstanding performance in the UK market in the first half of the year.

Commenting on its results, Rochburg said: "It is worth noting that the overall economic environment this year has not been particularly favourable. But our group still delivered very good business results in the first half of 2022, again demonstrating the strength of its positioning The strength and the strong appeal of the brand.”

In addition to the surprising performance of the UK market, the performance of the US/Canada market is also very bright, which is also the main contributor to Rochburg's half-year revenue growth.

According to the semi-annual trading record, Rochburg's earnings before interest, tax, depreciation and amortization (EBITDA) increased by 52.8% to 47.9 million euros from 31.4 million euros in 2021, and net profit increased by 124.5 million euros from 9 million euros in 2021 % to 20.1 million euros. This outperformance was driven by higher EBITDA in the US/Canada market (29.1% of Rochburg's EBITDA margin in H1 2022), favored by exchange rate effects .

"The U.S./Canada region has become a major contributor to the group's revenue and consolidated EBITDA," Rochburg said. "We have also just announced our strategic objective to acquire Atlanta by exercising its unilateral option to acquire ), Houston and Dallas to strengthen its presence in the U.S. market. We expect this move to add value to the group from next year onwards.”

“Given the excellent performance in the first half of 2022, combined with the level of retail sales and the overall order backlog (€178 million as of June 30, 2022), we are targeting a total revenue of more than €385 million, EBITDA, for fiscal 2022 Strong growth in earnings before amortization," Rochburg added.

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