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olivLaw · European equity research

ROCHE BOBOIS RBO.PA

France · Euronext Paris · ISIN FR0013344173 · Vertical: Listed companies from France

15.55EUR+6.51% · 1 dayClose 05 Nov 2026

Roche Bobois is a French luxury furniture and decoration group operating through company-owned and franchised stores, present in 54 countries. The company remains exposed to an uncertain macroeconomic climate and rising energy and wage costs in its production countries.

At the close of 05 Nov 2026, ROCHE BOBOIS (RBO.PA) stock was 15.55 EUR (+6.51% on the day), with market capitalisation 155.0 m EUR, P/E 15.7 on diluted EPS of 0.99 EUR over the last 12 months, beta 0.36, 52-week range 12.30–36.30 EUR.

Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
155.0 m EUR
shares as of 31 Dec 2025
P/E (TTM)
15.7
Diluted EPS TTM 0.99 · TTM to 31 Dec 2025
E/P (TTM)
6.37%
TTM to 31 Dec 2025
Dividend yield
unavailable
Beta (2y)
0.36
Volatility (1y) 35%
52-week range
12.3036.30

Price history

Loading chart…

Technical reading

RSI (14)
53.1
neutral
Bollinger (20, 2)
12.05 – 16.65
in the upper half of the band · %B 0.76 · band width 32.0%
SMA 50 / 200
17.17 / 23.22
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.80 / -1.14
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month−10.6%−0.6%−10.0 pp—
3 months−31.5%−4.2%−27.3 pp—
6 months−39.7%+4.3%−44.1 pp—
Year to date−50.2%+7.5%−57.7 pp—
1 year−56.3%+9.9%−66.2 pp−6.8%
3 years−61.5%+49.8%−111.4 pp−15.9%
5 years−57.2%+42.8%−100.0 pp—
Max drawdown (1y)
−66.1%
28 Nov 2025 → 22 Oct 2026
Max drawdown (5y)
−77.1%
09 Aug 2023 → 22 Oct 2026
Compound annual growth (5y)
−15.6%
EURO STOXX 50 +7.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 0 percentile of its own 3-quarter history (min 17.1, median 24.7, max 31.5; quarters with earnings only).

Fiscal years

Fiscal year202320242025
Revenue429.6 m414.0 m402.5 m
Revenue YoYunavailable−3.6%−2.8%
Net income31.3 m15.6 m10.1 m
Net income YoYunavailable−50.2%−35.5%
Diluted EPS3.101.560.99
Diluted EPS YoYunavailable−49.7%−36.5%
net %7.3%3.8%2.5%
Free cash flow27.8 m43.8 m50.7 m

Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
46.8 m EUR
Financial debt
41.8 m EUR
Net debt
-5.1 m EUR
Equity
94.6 m EUR
Total assets
436.8 m EUR
Debt / equity
0.44x
Current ratio
0.90x
ROE
10.5%
ROA
2.2%
FCF margin
12.6%

Financial statements (source on every figure)

Revenue and net income (EUR)

Margins

Income statement · EUR

Revenue
2023
429.6 m
2024
414.0 m
2025
402.5 m

esef· 21 Apr 2026verified

Operating income
2023
46.3 m
2024
26.1 m
2025
21.8 m

esef· 21 Apr 2026verified

Depreciation & amortisation
2023
41.1 m
2024
46.9 m
2025
48.2 m

esef· 21 Apr 2026verified

EBITDA
2023
87.4 m ≈
2024
73.0 m ≈
2025
70.0 m ≈

esef· 21 Apr 2026derived

Pre-tax income
2023
42.5 m
2024
21.5 m
2025
14.0 m

esef· 21 Apr 2026verified

Income tax
2023
11.1 m
2024
5.7 m
2025
3.8 m

esef· 21 Apr 2026verified

Net income
2023
31.3 m
2024
15.6 m
2025
10.1 m

esef· 21 Apr 2026verified

Diluted EPS
2023
3.10
2024
1.56
2025
0.99

esef· 21 Apr 2026verified

Balance sheet · EUR

Cash
2023
65.6 m
2024
54.9 m
2025
46.8 m

esef· 21 Apr 2026verified

Inventories
2023
93.6 m
2024
101.5 m
2025
95.4 m

esef· 21 Apr 2026verified

Current assets
2023
192.1 m
2024
197.2 m
2025
176.2 m

esef· 21 Apr 2026verified

Property, plant & equipment, net
2023
53.7 m
2024
52.2 m
2025
49.4 m

esef· 21 Apr 2026verified

Goodwill
2023
28.6 m
2024
42.6 m
2025
42.9 m

esef· 21 Apr 2026verified

Intangibles (excl. goodwill)
2023
344.0 k
2024
333.0 k
2025
331.0 k

esef· 21 Apr 2026verified

Total assets
2023
451.0 m
2024
484.7 m
2025
436.8 m

esef· 21 Apr 2026verified

Accounts payable
2023
52.4 m
2024
57.1 m
2025
50.0 m

esef· 21 Apr 2026verified

Short-term debt
2023
28.1 m
2024
24.3 m
2025
29.1 m

esef· 21 Apr 2026verified

Long-term debt
2023
6.9 m
2024
16.6 m
2025
12.7 m

esef· 21 Apr 2026verified

Current liabilities
2023
195.1 m
2024
205.9 m
2025
194.7 m

esef· 21 Apr 2026verified

Equity
2023
104.8 m
2024
97.8 m
2025
94.6 m

esef· 21 Apr 2026verified

Shares outstanding at year end
2023
10.0 m
2024
10.0 m
2025
10.0 m

esef· 21 Apr 2026derived

Cash flow · EUR

Operating cash flow
2023
51.1 m
2024
52.6 m
2025
62.5 m

esef· 21 Apr 2026verified

Capex
2023
23.4 m
2024
8.9 m
2025
11.7 m

esef· 21 Apr 2026verified

Free cash flow
2023
27.8 m ≈
2024
43.8 m ≈
2025
50.7 m ≈

esef· 21 Apr 2026derived

Investing cash flow
2023
-27.5 m
2024
-17.0 m
2025
-13.0 m

esef· 21 Apr 2026verified

Financing cash flow
2023
-34.2 m
2024
-46.9 m
2025
-55.9 m

esef· 21 Apr 2026verified

Share repurchases
2023
5.0 k
2024
2.4 m
2025
1.0 m

esef· 21 Apr 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-2.8%
computed by olivLawFY 2025
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
-16.5%
computed by olivLawFY 2025
Net income growth (YoY)
-35.5%
computed by olivLawFY 2025
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
-36.5%
computed by olivLawFY 2025
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
15.9%
computed by olivLawFY 2025

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
17.4%
computed by olivLawFY 2025
EBIT margin
5.4%
computed by olivLawFY 2025
Net margin
2.5%
computed by olivLawFY 2025
FCF margin
12.6%
computed by olivLawFY 2025

Returns

ROE
10.8%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
2.2%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
18.3%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROCE
9.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
-5.1 m EUR
computed by olivLawbalance sheet at 31 Dec 2025
Net debt / EBITDA
-0.1x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Debt / equity
0.5x
computed by olivLawbalance sheet at 31 Dec 2025
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
0.9x
computed by olivLawbalance sheet at 31 Dec 2025
Quick ratio
0.4x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
0.2x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
62.5 m EUR
computed by olivLawFY 2025
Capital expenditure
11.7 m EUR
computed by olivLawFY 2025
Free cash flow
50.7 m EUR
computed by olivLawFY 2025
FCF conversion
503.8%
computed by olivLawFY 2025
Cash conversion
89.2%
computed by olivLawFY 2025

Efficiency

Days sales outstanding
unavailable
input data missing
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
155.0 m EUR
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
149.9 m EUR
computed by olivLawbalance sheet at 31 Dec 2025
Market cap / net income TTM
15.4x
computed by olivLawFY 2025
P/E (TTM)
15.7x
computed by olivLawFY 2025
Earnings yield
6.4%
computed by olivLawFY 2025
P/B
1.7x
computed by olivLawbalance sheet at 31 Dec 2025
P/S
0.4x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBITDA
2.1x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBIT
6.9x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/Sales
0.4x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
P/FCF
3.1x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
FCF yield
32.7%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
0.7%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Neutral profile

Score: 64 / 100

A scoring methodology on indicators and valuation, not investment advice.

Closing price

15.55 EUR

05 Nov 2026Source: olivLaw, closing series

Market cap: 155.0 m EUR

Key indicators

Market capitalisation
155.0 m EUR
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
15.7x
computed by olivLawFY 2025
P/B
1.7x
computed by olivLawbalance sheet at 31 Dec 2025
EV/EBITDA
2.1x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROE
10.8%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
2.5%
computed by olivLawFY 2025
Revenue growth (YoY)
-2.8%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

27/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: esefpublished 21 Apr 2026
verified 79derived 3

Score by group

  • Quality80
  • Balance sheet33
  • Valuation79
  • Returns9

Estimated value range

Low
27.50
EUR per share
Mid
36.33
EUR per share
High
53.58
EUR per share
Price: 15.55 EUR
The price is below the range
Potential to the central value: 133.6% (value / price − 1)
Margin of safety: 57.2% (1 − price / value)
Agreement between methods: low · 2 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 10.98 – 77.65 EUR.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (EUR per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/EBITDA44.01 – 77.65 (Mid 55.71)
    4 companies used · median multiple 7.9x · quartiles 6.2x – 11.0x
    ABEO.PA, AI.PA, ANTIN.PA, ATE.PA
  • Peers: P/E10.98 – 29.50 (Mid 16.96)
    20 companies used · median multiple 17.1x · quartiles 11.1x – 29.8x
    74SW.PA, ABEO.PA, AC.PA, ADP.PA, AF.PA, AI.PA, ALBON.PA, ALCIS.PA, ALCLA.PA, ALFER.PA, ALHEX.PA, ALO.PA, ALPWG.PA, ALSOG.PA, ANTIN.PA, ARAMI.PA, ATE.PA, AUB.PA, AURE.PA, BB.PA
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

Assumptions (illustrative, editorial)

Risk-free rate
3.0%
Equity risk premium
5.5%
Beta (default)
1.00
Cost of equity
8.5%
Terminal growth
2.0%

Factor scorecard

Neutral profile · Score 64/100

FactorValueScoreWeight used
ROIC · Quality18.3%76 (vs peers)14%
Net margin · Quality2.5%67 (vs peers)9%
FCF conversion · Quality503.8%100 (on a fixed band)9%
Revenue CAGR 3Y · Growthunavailableunavailable—
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheet-0.1x43 (vs peers)14%
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet0.9x9 (on a fixed band)6%
P/E (TTM) · Valuation15.7x61 (vs peers)14%
EV/EBITDA · Valuation2.1x80 (vs peers)14%
FCF yield · Valuation32.7%100 (on a fixed band)11%
Shareholder yield (distributions) · Returns0.7%9 (on a fixed band)9%
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet33/100 · 2/3 factors with a value
  • Growth· partialunavailable · 0/2 factors with a value
  • Quality80/100 · 3/3 factors with a value
  • Returns· partial9/100 · 1/2 factors with a value
  • Valuation79/100 · 3/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

ROCHE BOBOIS (RBO.PA). Latest full fiscal year: 2025; data up to 2025-12-31.

Figures computed from the financial statements: revenue 402.5 m EUR in 2025; YoY growth -2.8%; net margin 2.5%; ROE 10.8%; net debt/EBITDA -0.1x.

The estimated value range is 27.50–53.58 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 36.33 EUR, the price of 15.55 EUR leaves a potential of 133.6% (value / price − 1) and a margin of safety of 57.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

olivLaw score 64/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • ROIC: 18.3%
  • FCF conversion: 503.8%
  • EV/EBITDA: 2.1x
  • FCF yield: 32.7%
  • The price is below the estimated value range

What contradicts it

  • Current ratio: 0.9x
  • Shareholder yield (distributions): 0.7%
  • The valuation methods diverge

Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Interest coverage, Payout ratio (FCF).

Versus the vertical median

Listed companies from France · same country · compared with 39 companies

Multiples and returns vs the median

P/E
15.7x
vertical median 18.3x
below median (−14.0%)
EV/EBITDA
2.1x
vertical median 6.3x
below median (−65.8%)
P/S
0.4x
vertical median 0.5x
below median (−24.8%)
P/B
1.7x
vertical median 1.1x
above median (+59.7%)
ROE
10.8%
vertical median 4.2%
above median (+160.0%)
Net margin
2.5%
vertical median 1.1%
above median (+122.0%)
EBIT margin
5.4%
vertical median 3.2%
above median (+70.7%)
Revenue YoY
-2.8%
vertical median 0.6%
below median (−570.4%)
Net debt/EBITDA
-0.1x
vertical median -1.2x
above median
Dividend yield
—
vertical median 1.7%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
AI.PAL'air Liquide Societe Anonyme Pour L'etude Et L'exploitation Des Procedes Georges Claude109.3 bn33.212.9%12.2%−2.0%+26% / +32%
AC.PAAccor13.8 bn30.79.6%8.0%+0.6%+6% / +56%
ADP.PAAeroports De Paris11.7 bn34.17.8%5.6%+12.1%−7% / +4%
AKE.PAArkema7.1 bn115.40.9%0.7%−5.0%+12% / −37%
ALO.PAAlstom5.8 bn18.33.1%1.7%+3.7%−51% / −4%
AF.PAAir France - Klm4.3 bn13.6—1.0%+4.8%+20% / +9%
ATE.PAAlten3.1 bn29.54.8%2.6%−1.1%+33% / −29%
BB.PASociete Bic2.7 bn31.35.0%4.1%−4.8%+32% / +5%
ANTIN.PAAntin Infrastructure Partners1.4 bn13.021.9%36.6%−8.1%−24% / −35%
74SW.PA74software792.7 m20.98.9%8.5%+44.8%−13% / +41%
AUB.PAAubay667.4 m17.813.6%6.3%+11.3%+3% / +45%
ASY.PAAssystem507.1 m69.92.5%1.1%+7.4%−19% / −18%
ATO.PAAtos Se483.0 m—-23,400.0%-17.5%−16.5%−45% / −94%
ARAMI.PAAramis Group298.8 m15.010.0%0.8%+6.3%−33% / −16%
ARVEN.PAArverne Group246.1 m—-14.0%-115.3%+27.0%+20% / −35%
BGO.PACompagnie Chargeurs Invest189.4 m—-8.6%-5.7%−2.9%unavailable / unavailable
RBO.PARoche Bobois155.0 m15.710.8%2.5%−2.8%−57% / −65%
ALCIS.PACatering International & Services145.0 m28.49.3%1.9%+5.8%+39% / +107%
ALCGM.PACegedim144.6 m—-2.6%-1.2%+10.9%−26% / −49%
ATEME.PAAteme144.0 m151.32.8%1.0%+2.2%+82% / +77%
ALHEX.PAHexaom144.0 m6.79.9%2.2%+13.1%−32% / +7%
ALBON.PACompagnie Lebon111.7 m16.54.2%8.8%−17.9%+6% / +8%
ALHYF.PALhyfe75.8 m—-33.4%-570.5%+287.2%unavailable / unavailable
ALFER.PASergeferrari Group61.5 m11.55.1%1.5%+7.4%−33% / −27%
ABEO.PAAbeo60.8 m7.36.9%3.0%+12.6%−13% / −54%

1- and 3-year price returns: for RBO.PA from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (EUR)

Estimated priceBearBaseBull
1 years
8.69
Total return -44% · Per year -44%
15.42
Total return -1% · Per year -1%
23.31
Total return 50% · Per year 50%
3 years
7.25
Total return -53% · Per year -22%
14.58
Total return -6% · Per year -2%
24.37
Total return 57% · Per year 16%
5 years
6.04
Total return -61% · Per year -17%
13.79
Total return -11% · Per year -2%
25.46
Total return 64% · Per year 10%
What moves the 3-year price the most
  • Exit P/E± 3.65
  • Net margin± 2.55
  • Annual revenue growth± 2.25
  • Annual dilution± 0.21

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

Roche Bobois is a French luxury furniture and decoration group operating through company-owned and franchised stores, present in 54 countries 1. The company remains exposed to an uncertain macroeconomic climate and rising energy and wage costs in its production countries 1.

SWOT

Strengths

  • A brand recognised in Europe and the United States, with a premium positioning that reduces sensitivity to the cycle 1.
  • Broad international presence and a franchise model with long-term partners 1.
  • Large-scale centralised advertising that supports brand awareness 1.

Weaknesses

  • High dependence on suppliers concentrated in a few countries, mainly Italy 1.
  • Cash availability is limited, with modest net cash at year end 1.
  • Store rents and premises represent a fixed burden on the network 1.

Opportunities

  • Digital expansion and in-store personalisation could increase average basket value 1.
  • Markets where the Group is already present could offer growth through new franchised stores 1.
  • Diversifying sourcing could reduce dependence on a small number of suppliers 1.

Threats

  • A fall in household demand due to uncertainty could hit business volume 1.
  • US tariffs and trade policy could complicate exports 1.
  • Rising energy and wage costs in producing countries could compress margins 1.

Risks

  • Macroeconomic conditionshigh

    Political instability in France and global tensions could reduce demand for luxury furniture 1.

  • Raw material and energy costsmedium

    Higher raw material and energy prices could be passed on to selling prices or reduce demand 1.

  • Supplier relationshipsmedium

    Concentration of purchases among a few suppliers in Italy and Portugal creates supply risks 1.

  • Franchise modelmedium

    Dependence on independent partners can affect brand standards and network results 1.

  • Trade policylow

    Trade rules and tariffs can quickly change export conditions 1.

Investment thesis

What would need to be true (bull case)

  • If demand for premium furniture stabilises, the brand position and international network could support a margin recovery 1.
  • The drive to store digital strategy could increase store traffic and basket value 1.
  • The franchise model could add volume without proportionally increasing capital invested by the Group 1.

What would break the thesis

  • If macroeconomic uncertainty persists, households could delay furniture purchases and volume could decline 1.
  • Energy and wage costs could compress margins if they cannot be fully passed on to prices 1.
  • Limited liquidity could restrict the Group's flexibility in periods of falling sales 1.

What to watch

  • Trend in demand and network order volume2026
  • Impact of US tariffs on exports2026
  • Evolution of energy and wage costs in Italy and Portugalnext 10-K
  • Level of net cash and unused credit linesnext 10-K

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

The Group sells furniture and decoration through its own store network and through franchising, mainly under the Roche Bobois brand, while Cuir Center serves a more accessible segment 1. Franchising runs on standard contracts, with average royalties and advertising contributions of 5% of network order volume 1. Production is fully outsourced to suppliers in Europe, concentrated in Italy and Portugal 1.

The Group centralises advertising and communication, and most revenue comes from the Roche Bobois brand, positioned in the premium segment 1. Supplier relationships are long-term, and upstream logistics is outsourced to three carriers 1.

Customers are guided through a drive to store strategy, with online configuration and 3D personalisation in store, and purchases can also be completed fully online 1.

Market context

The luxury furniture and decoration market depends on household confidence and purchasing power, which can cut non-essential spending in uncertain periods 1. With presence in 54 countries, the Group can partly offset local cyclical risks 1.

The market also reacts to trade policy: new US tariffs of up to 15% could keep a protectionist environment for European exporters 1.

Trends

  • Macroeconomic uncertaintyheadwind

    Global conditions, trade tensions and the Middle East war could weaken demand for furniture 1.

  • US tariff policymixed

    The cancellation of 2025 tariffs and the reintroduction of other duties create an uncertain environment for exports to the United States 1.

  • Energy and raw material costsheadwind

    Energy price volatility and higher glass costs could pressure supplier and store margins 1.

  • Digital salestailwind

    The drive to store strategy and 3D tools could improve store traffic and average basket value 1.

Competitive position

The Group operates in the premium furniture segment, where competition comes from international design brands and luxury retail 1. The source does not name competitors, so relative positions cannot be assessed in detail from this document 1.

  • International design furniture brands

    Direct competition in the premium segment, without specific names in the analysed source 1.

  • Luxury furniture retailers

    Competition for high-income customers through store networks and online channels 1.

  • Online furniture platforms

    Competition on price and convenience that could attract price-sensitive customers 1.

  • European furniture manufacturers

    Competition for suppliers and production capacity in Italy and Portugal 1.

News & filings

In the press

No news in our archive over the last 180 days.

Annual reports (ESEF)

Sources

  1. [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / ROCHE BOBOIS · 31 Dec 2025

Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.