Declared Dividend • Jun 25
Dividend reduced to €0.80 Dividend of €0.80 is 36% lower than last year. Ex-date: 6th July 2026 Payment date: 8th July 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 17% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공고 • Mar 27
Roche Bobois S.A., Annual General Meeting, Jun 16, 2026 Roche Bobois S.A., Annual General Meeting, Jun 16, 2026. 공고 • Jan 28
Roche Bobois S.A. (ENXTPA:RBO) commences an Equity Buyback Plan for €10 million worth of its shares, under the authorization approved on June 12, 2025. Roche Bobois S.A. (ENXTPA:RBO) commences share repurchases on January 20, 2026, under the program mandated by the Combined General Meeting held on June 12, 2025. As per the mandate, the company is authorized to repurchase its own shares such that the maximum number of shares that may be purchased may not, at any time, exceed 10% of its share capital at any time, for worth €10 million. The shares will be repurchased at a price of €60 per share. The repurchased shares may be used for honoring obligations related to stock option plans, free share allocations, employee savings plans or other allocations of shares to employees and managers of the company or companies affiliated to it as well as to carry out all hedging transactions relating to these transactions, delivering shares upon the exercise of rights attached to securities giving access to the capital, for retention and subsequent remittance for exchange or payment in the context of any external growth operations, ensuring the liquidity of the company's shares and cancel all or part of the shares. The authorization will be valid for 18 months from the date of Annual General Meeting. 공고 • Jan 08
Roche Bobois Has Relocates Its London Showroom Roche Bobois has relocated its historic London showroom, where the brand has been present since 1997. This new space, still located on Finchley Road in the Hampstead district, offers approximately 700 sqm of exhibition area spread over two main levels. Major renovation works were carried out to enhance the double-height volumes and created a smooth, fluid flow throughout the showroom. Roche Bobois operates eight showrooms in the United Kingdom. 공고 • Jul 23
Roche Bobois S.A. to Report First Half, 2025 Results on Sep 11, 2025 Roche Bobois S.A. announced that they will report first half, 2025 results on Sep 11, 2025 공고 • Mar 29
Roche Bobois S.A., Annual General Meeting, Jun 12, 2025 Roche Bobois S.A., Annual General Meeting, Jun 12, 2025. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €39.90, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Consumer Durables industry in Europe. Total returns to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €75.05 per share. Reported Earnings • Sep 17
First half 2024 earnings released First half 2024 results: Revenue: €204.4m (down 7.8% from 1H 2023). Net income: €8.10m (down 59% from 1H 2023). Profit margin: 4.0% (down from 8.8% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. New Risk • Sep 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.8% Last year net profit margin: 7.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.8% net profit margin). New Risk • Jul 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Upcoming Dividend • Jun 26
Upcoming dividend of €1.25 per share Eligible shareholders must have bought the stock before 03 July 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 72% and the cash payout ratio is 77%. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.2%). Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: €3.12 (vs €3.13 in FY 2022) Full year 2023 results: EPS: €3.12. Revenue: €429.6m (up 5.2% from FY 2022). Net income: €31.3m (flat on FY 2022). Profit margin: 7.3% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. 공고 • Apr 10
Roche Bobois S.A. (ENXTPA:RBO) has signed a letter of intent to acquire a 51% stake Shanghai Rock Castle Furniture Co. Ltd. Roche Bobois S.A. (ENXTPA:RBO) has signed a letter of intent to acquire a 51% stake Shanghai Rock Castle Furniture Co. Ltd. on April 10, 2024. Shanghai Rock Castle Furniture, the owner of the Roche Bobois franchise in China, which directly runs 3 stores 1 in Beijing and 2 in Shanghai and manages 23 franchised outlets located in various mid-sized cities. In 2023, China accounted for total retail sales of €23m, including €8m in 3 stores located in Beijing and Shanghai. The acquisition of this majority interest should take effect in July 2024. New Risk • Mar 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 118% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (118% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 28
Full year 2023 earnings released Full year 2023 results: Revenue: €429.6m (up 5.2% from FY 2022). Net income: €31.3m (flat on FY 2022). Profit margin: 7.3% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Durables industry in Germany. 공고 • Mar 28
Roche Bobois S.A., Annual General Meeting, Jun 13, 2024 Roche Bobois S.A., Annual General Meeting, Jun 13, 2024. Agenda: To propose an unchanged dividend. Upcoming Dividend • Nov 07
Upcoming dividend of €1.00 per share at 5.6% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 16 November 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (5.0%). In line with average of industry peers (5.2%). Reported Earnings • Sep 17
First half 2023 earnings released First half 2023 results: Revenue: €221.7m (up 9.2% from 1H 2022). Net income: €19.6m (down 2.4% from 1H 2022). Profit margin: 8.8% (down from 9.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Germany. Upcoming Dividend • Jun 27
Upcoming dividend of €1.25 per share at 5.2% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €47.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total returns to shareholders of 46% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €94.60 per share. Reported Earnings • Mar 25
Full year 2022 earnings released Full year 2022 results: Revenue: €408.5m (up 22% from FY 2021). Net income: €31.3m (up 67% from FY 2021). Profit margin: 7.7% (up from 5.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. 공고 • Jan 19
Roche Bobois S.A. (ENXTPA:RBO) agreed to acquire 13 franchised stores in France. Roche Bobois S.A. (ENXTPA:RBO) agreed to acquire 13 franchised stores in France on January 19, 2023. The Transaction will expected to close by April 15, 2023. Reported Earnings • Sep 15
First half 2022 earnings released: EPS: €0 (vs €0.91 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €203.0m (up 27% from 1H 2021). Net income: €20.1m (up 124% from 1H 2021). Profit margin: 9.9% (up from 5.6% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Durables industry in Germany. Reported Earnings • Sep 26
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €159.6m (up 46% from 1H 2020). Net income: €9.00m (up €10.1m from 1H 2020). Profit margin: 5.6% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 20% share price gain to €28.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €47.10 per share.