Roche Bobois RBO remains confident on its full-year sales as its 2024 first-half revenues are hit by a sales slowdown in key markets like the U.S. and Canada.
reported Thursday that its first-half revenue fell 7.8 percent to 204.4 million euros. In a statement, the company said while its home market sales in) slid 6.6 percent and 6.7 percent respectively in the second quarter of the year, versus the same period a year earlier. The company remained confident on improved performance for the rest of 2024.
“Roche Bobois SA confirmed the anticipated return to growth in revenue in the second half, leveraging a still-solid portfolio of orders… providing clear visibility for the months ahead. For the whole of 2024, Roche Bobois confirms its target of generating full-year revenue equivalent, or even slightly exceeding the record of 2023,” it said. The firm’s 2023 sales amounted to 429.6 million euros.Retail sales across all brands, including franchises, fell 3.6 percent to 299.
“Inflation is coming down. The guidance is that interest rates should closely follow. And the lowering of interest rates is going to give a lot of oxygen to our business. The U.S. market is recovering and stabilizing and the European Union and France are slightly up,” Martin Gleize, the company’s international director, told WWD.Roche Bobois’ home market, France, saw its economy rise a better than expected 0.
Outside of its top markets, the U.S. and France, Roche Bobois is fortifying its position in the Chinese market in order to better tap into the growth potential of the world’s second-largest economy. As a single market, Roche Bobois is a French family business that was founded by François Roche in Paris in 1960. The group is present in 54 countries and has a network of 340 directly operated stores and franchises.
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