Roche Bobois posts underlying EBITDA in line with guidance
Roche Bobois has reported a net profit of 10.2 million euros for 2025, down from 15.8 million euros the previous year, alongside an underlying EBITDA of 71.2 million euros (-2.8% at constant exchange rates), landing within its target range of 70 to 72 million euros.
The EBITDA margin for the furniture retailer (which operates its namesake brand and Cuir Center) consequently contracted by 0.3 percentage points to 17.7%, on revenue of 402.5 million euros (-2.8% at current exchange rates and -1.3% at constant exchange rates).
In a sluggish market for high-end furnishings, the retail group claims to have demonstrated solid resilience throughout the fiscal year by remaining agile in managing its operating expenses.
Management explained that it leveraged the flexibility of its business model to mitigate the impact of currency fluctuations (EUR/USD parity) and the implementation of customs duties in the United States, the group's largest contributor to both revenue and EBITDA.
Boasting robust cash flow from operations and an increase in free cash flow to 49.4 million euros, Roche Bobois will propose a dividend of 0.80 euros per share for the 2025 fiscal year at its Annual General Meeting on June 16.
The group is approaching the start of 2026 with caution given the current geopolitical climate. It intends to continue relying on the resilience of its business model to limit the potential effects of volume contraction.
Roche Bobois S.A. is one of the world leaders in high-end design furniture. The group offers sofas, armchairs, coffee tables, TV furniture, consoles, chairs, beds, etc. Net sales break down by source of revenue as follows:
- sales from company-owned stores (89.9%): 150 stores held at the end of 2025, including 127 under the Roche Bobois banner and 23 under the Cuir Center banner;
- sales from transportation and logistics services (4.2%);
- commissions paid by manufacturers (3.3%);
- royalties of franchise fees (2.6%): 189 stores, including 136 under the Roche Bobois banner and 53 under the Cuir Center banner.
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