Home furnishings distributor Cafom has reported net income, group share, of 10.7 million euros for its 2021-22 financial year, compared with 8.5 million a year earlier, due to the relatively higher contribution of the Overseas division.

At 397.6 million, sales remain virtually stable (-0.2%) compared to the previous year, with an 8.8% increase in the Overseas division offsetting the anticipated decline in the e-Commerce division (-12%).

Cafom says it remains vigilant in the face of social tensions linked in particular to goods inflation, but continues to expand its network with the opening, at the end of October 2022, of a 35th store in French Guiana.

Copyright (c) 2023 CercleFinance.com. All rights reserved.