UK market posts highest growth of Q3 for French retailer

High-end French furniture business Roche Bobois has reported a growth in third quarter sales.

According to its latest trading update for Q3 2022, total sales rose 24.8% to €103.2m from €82.7m against the same period last year.

Roche Bobois’ revenue at the end of the first nine months stood at €306.2m, a robust increase of 26.4%.

The United Kingdom region posted the highest growth for the quarter with revenue at €6m compared to €4.2m in Q3 2021, an increase of 44.9%. At constant exchange rates, growth was 44.8%. At the end of the first nine months, revenue for the UK region came to €17.6m, up from €10.7m, representing a substantial increase of 64.1% (+60.9% at constant exchange rates).

The United States/Canada region posted revenue of €40.1m, compared with €29.2m in third-quarter 2021, representing a substantial 37.1% increase at current exchange rates. This strong increase stemmed from good business activity in recent months and a still-sustained pace of deliveries, amplified by a significant exchange rate effect over the quarter.

As for its native France, this segment saw sales amount to €26.3m in Q3 2022, up 22.7%. Revenue for the rest of Europe amounted to €17.8m, up from €15.1m, representing growth of 17.7% (+13.8% at constant exchange rates), driven by a strong performance in Germany (+28.1%), Spain (+37.2%) and Italy (+35.6%).

“Roche Bobois SA has a strong order backlog still to be delivered (€162.1m as of 30 September 2022, representing +€26m vs. 30 September 2021), and confirms its guidance for revenue in excess of €385m and a strong increase in EBITDA,” the company said.

“For the fourth quarter, Roche Bobois SA expects less robust growth in its revenue than previous quarters, but fully in line with expectations for the year.”

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