Roche Bobois, a global leader in high-end home furnishings, has announced full-year revenue of €414.0 million for 2024, approaching its target of €418 million. The Group saw a return to growth in the fourth quarter with a 3.5% increase in revenue, largely driven by solid delivery volumes and the integration of its operations in China. This performance marks a significant recovery, especially given the challenging comparison with Q4 2023. Despite a 3.6% decline in business for the full year, Roche Bobois remained on track to meet its EBITDA target of €72 million to €76 million, as previously forecasted.
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In Q4 2024, retail sales in directly operated stores rose by nearly 6% compared to the same period in 2023, bolstered by a remarkable 15.3% growth in December. The United States and Canada regions were particularly strong contributors to this surge. For the full year, retail sales in directly operated stores totalled €360.0 million, showing a slight increase of 2.3%. Including franchised stores, overall retail sales amounted to €589.0 million, a slight dip of 2.0% year-on-year. Notably, the Group ended 2024 with an order backlog of €134.7 million, reflecting a promising outlook for future growth.
The Group's geographical performance in Q4 2024 showed positive momentum. Revenue from the United States and Canada region amounted to €38.7 million, slightly down by 2.2% compared to Q4 2023, while Roche Bobois France remained stable with €28.2 million in revenue. The overseas markets, especially China, contributed €5.9 million to the Group's revenue in Q4. In terms of direct retail sales, China generated €2.5 million in order intake for Q4, highlighting the growing significance of the region.
In addition to financial growth, Roche Bobois was recognised for its sustainability efforts. The company achieved a score of 69 out of 100 in the 2024 EthiFrance ESG Ratings, an improvement from the previous year. Roche Bobois also won a prestigious CSR award in the "Furniture Trade" category for its commitment to eco-design, with 89% of its products now meeting the eco-design label.
Looking ahead, Roche Bobois is focused on further international expansion. The Group opened new stores in Canada and France during 2024 and integrated stores in China as part of its acquisition of a majority stake in Shanghai Rock Castle Furniture. The Group's store network now comprises 339 stores worldwide, including 266 Roche Bobois stores and 73 Cuir Center stores. Plans for 2025 include the opening of additional stores in the United States and France, as well as expanding its stake in Shanghai Rock Castle to 67%.
Roche Bobois is optimistic about 2025, with a continued focus on growth, sustainability, and expanding its global footprint.
More information:
Roche Bobois
www.finance-roche-bobois.com