Maisons Du Monde Sa (MDOUF) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning to all of you, and thank you very much for joining this call to present Maison du Monde first of 2023 results. I am Carole Alexandre, Head of Investor Relations. I am with our CEO, François Melchior de Polignac, and our CFO, Régis Mathieu, who will be making today's presentation. It will be followed by a Q&A session. You have no doubt, since the press release we issued this morning, The conference call slides can be downloaded from and viewed on our website. This call is also being audio webcast and the replay will be available on our website later today. All listeners are reminded to read the forward-looking disclaimer on the slide too. I will now turn the call over to François Melchior de Polignac. Thank you very much, Carole. Good morning, everyone. I hope you are all doing well. I'm very pleased to be with you today to discuss Maison du Monde's first half performance and update you on the progress we have made on our 3C plan that aims to set the company back on the path to sustain and profitable growth. The agenda for today's call is on slide three. I will begin with a few introductory remarks to set the scene and give you some insights on the 3C plan. I will then hand over to Regis, who will take you through the details of our first half performance, after which I will return to discuss the outlook and our unchanged Fourier guidance. Let me begin this presentation with a brief overview of the H1 highlights on slide five. As you can see, we come to you today with two positive notes. First, as anticipated, Q2 sales sequentially improved compared to Q1. Second, the 3C plan is fully on track. Still, let's call a spade a spade This first half was challenging, and this is reflected in our H1 numbers, with Group GMV down 5.1% and sales down 10%. These numb...