Oddo BHF maintains its 'neutral' rating on Maisons du Monde shares, with an unchanged target price of 6.5 euros, following the publication of 2023 results 'broadly in line with expectations'.

The analyst reports that the 'Inspire everyday' 2024-2026 transformation plan aims to restore MDM's growth and improve FCF generation by focusing on customer orientation, operational excellence (costs) and financial efficiency (cash). 7

The plan calls for cumulative FCF of 100 ME over the plan period, a target that is 'coherent and close to forecasts', assures Oddo BHF.


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