Roche Bobois, the French luxury furniture retailer, has announced a significant rise in pre-tax profit for its UK division. The company's profit increased to £1.2 million, a marked improvement from £251,000 in the previous year. This growth signals a return to profitability after a prior decline, with profits having fallen from £775,000 previously.
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The company's UK sales also saw a boost, with revenue reaching €5.3 million in the first quarter of 2023, up from €5.1 million in the same period in 2022. This 5.3% increase, when adjusted for current exchange rates, underscores the brand's continued growth in the UK market. Despite facing challenges with unfavourable exchange rate effects, Roche Bobois managed to maintain a strong market position, highlighting its resilience.
On a global scale, Roche Bobois achieved a record annual revenue of €408.5 million in 2022, exceeding its target of €385 million. This represented a 22.3% increase in revenue, demonstrating the company's effective strategies for growth. A key element of its success has been its focus on expanding its international presence and enhancing its product range, which has contributed to its solid financial performance.
Source: www.thefurnishingreport.com